Legend Gold completes $260K private placement

News Release

Legend Announces Completion of Financing and Debt Settlement

Vancouver, BC. – September 8, 2017 – Legend Gold Corp. (the “Company” or “Legend”) (TSX.V: LGN) announces the completion of its previously announced non-brokered private placement financing (the “Private Placement”), raising $260,000 by the issuance of 1,300,000 units (the “Units”) at a price of $0.20 per Unit. Each Unit was comprised of one common share (a “Share”) and one-half of one non-transferable common share purchase warrant. Each whole warrant (a “Warrant”) entitles the holder to purchase an additional common share (a “Warrant Share”) for $0.25 until September 8, 2019.
The Shares and Warrant Shares are subject to a resale period under Canadian securities law (and, for Insiders, under TSX Venture Exchange policy) until January 9, 2018. There were no finder’s fees paid and Insiders of the Company purchased 675,000 Units of the Private Placement.

The proceeds of the Private Placement will be used to provide working capital to fund the business for the balance of 2017 as well as to repay various arm’s length creditors.

The Company also reports that it has settled outstanding fees owed to four consultants and one creditor by issuing 2,117,048 common shares at $0.25 each. Additionally, the Company has entered into agreements with two companies owned by Legend’s President and CEO to settle outstanding indebtedness owed to such companies by issuing 5,043,368 common shares at $0.25 each. The common shares are subject to a resale period under Canadian securities law (and, for Insiders, under TSX Venture Exchange policy) until January 9, 2018.

The securities described in this news release are stated on a post 10:1 consolidation basis and have not been and will not be registered under the United States Securities Act of 1933, as amended, (the “U.S. Securities Act”) or applicable state securities laws, and may not be offered or sold in the United States or to U.S. Persons (as defined in the U.S. Securities Act) without registration, or exemption from registration, under such laws.

About Legend

Legend is a Canadian mineral exploration company focused on gold exploration in Mali. Legend’s flagship projects include the Diba and Lakanfla projects. Further information is available at the Company’s website www.legendgold.com.

FOR FURTHER INFORMATION PLEASE CONTACT:
Michael Winn, President and Chief Executive Officer
Email: info@legendgold.com
Telephone: (604) 696 9396