Recent Insider Transactions • May 22
Executive Chairman & CEO recently bought CA$83k worth of stock On the 20th of May, Brian Hinchcliffe bought around 70k shares on-market at roughly CA$1.17 per share. This transaction amounted to 3.6% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth CA$159k. Brian has been a buyer over the last 12 months, purchasing a net total of CA$344k worth in shares. Recent Insider Transactions • Apr 28
Executive Chairman & CEO recently bought CA$159k worth of stock On the 21st of April, Brian Hinchcliffe bought around 199k shares on-market at roughly CA$0.80 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Brian has been a buyer over the last 12 months, purchasing a net total of CA$184k worth in shares. New Risk • Apr 19
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 132% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 102% per year over the past 5 years. Shareholders have been substantially diluted in the past year (132% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$46.7m market cap, or US$34.1m). Announcement • Apr 16
Legacy Gold Mines Ltd. announced that it has received CAD 10 million in funding On April 16, 2026, Legacy Gold Mines Ltd closed the transaction. The Private Placement remains subject to final acceptance of the TSX Venture Exchange (the "TSXV"). In connection with the Private Placement, the Company has agreed to pay finder's fees equal to 6% in cash to the following arm's length parties: (i) Haywood Securities Inc. (CAD 44,100); and (ii) Research Capital Corporation (CAD 900), in respect of subscriptions introduced by them. In addition, the Company has agreed to issue 825,490 Common Shares to John Tumazos of Florida, representing 3% of the Common Shares sold under the Private Placement to subscribers introduced by him. Announcement • Feb 23
Legacy Gold Mines Ltd. announced that it expects to receive CAD 3.999 million in funding Legacy Gold Mines Ltd. announced a non-brokered private placement of 13,330,000 Common Shares of the company at a price per share of CAD 0.30 for gross proceeds of CAD 3,999,000 on February 23, 2026. The transaction is subject to the approval of the TSX Venture Exchange. The securities issued in connection with the private placement will be subject to a four-month hold period, in accordance with applicable securities laws. The Company may pay a commission or finder's fee to eligible parties in connection with the private placement, subject to the approval of the Exchange and compliance with applicable securities laws. Board Change • Jan 06
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Executive Chairman & CEO Brian Hinchcliffe is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Nov 28
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Executive Chairman & CEO Brian Hinchcliffe is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. New Risk • Aug 30
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.3m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.3m free cash flow). Shares are highly illiquid. Earnings have declined by 108% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 11x increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$12.9m market cap, or US$9.39m). Board Change • May 01
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Director Mike Michaud was the last director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 28
Legacy Gold Mines Ltd., Annual General Meeting, May 29, 2025 Legacy Gold Mines Ltd., Annual General Meeting, May 29, 2025. Announcement • Jan 22
Legacy Gold Mines Ltd. Announces Results from Its Prospecting, Sampling and Other Activities At the Baner Gold Project Located in Idaho County, Idaho, USA Legacy Gold Mines Ltd. announced results from its prospecting, sampling and other activities at the Baner gold project located in Idaho County, Idaho, USA. Of particular interest were results from a bedrock sample on the western-most area of adits that graded 9.2 g/t Au, and results from two well-mineralised boulders that returned 29.3 g/t Au and 1.6 g/t Au in an area of the Baner Gold Project with no previous known workings or geology work. The Baner Gold Project and immediate area is a historic gold mining camp that hosts numerous gold deposits along geologic structures that appear to have provided conduits for the gold fluids and that extend for significant distances. Sampling Results.134.4 g/t Au from the historic Baner Adit E Mine; 18.0 g/t Au from the historical Baner Adit J Mine; and 18.5 g/t Au plus 10.6 g/t Au from the historic Baner Adit G Mine. See the Technical Report (defined below) for additional information about the historical sampling completed at the Baner Gold Project. Idaho is highly ranked in the most attractive jurisdictions in the world for mining investment surveys by the Fraser Institute. Perpetua Resources Corp.'s Stibnite Gold Project recently received a Final Record of Decision from the United States Forest Service authorizing Perpetua's mine plan for the project, which is located approximately 55 miles south of the Baner Gold Project and contains an estimated 4.8- million-ounce gold reserve and is anticipated to produce 450,000 ounces of gold annually over the first four years of production. Sources: (1) Technical Report (defined below); (2) Reid, R. R., 1959, Reconnaissance Geology of the Elk City region, Idaho: Idaho Bureau of Mines and Geology Pamphlet 120; (3) See May 9, 16 and 22, 2021 press releases of Champion Electric Metals Inc.; (4) Wagner, ER. (1946): Report, Baner Mine and Baner-Champion Combination; and (5) See the January 6, 2025 press release of Perpetua Resources Corp. Operational Update. Legacy Gold submitted an application for a permit to drill the Baner Gold Project to the US Forest Service on July 1, 2024. Since completing its acquisition of the option for the Baner Gold Project in October 2024, the work completed and ongoing by Legacy Gold includes: Drill sites have been delineated. Organized historical data and that data has been compiled for better georeferencing of previous drilling and assays in order to better understand the Baner Gold Project's mineralization within a 3D geological model. A new model has been interpreted using textbook shear orientations and flatter dipping mineralization vs. vertical; this results in better continuity and better geometry for a bigger deposit. Management has also been looking at potential acquisitions of mining claims and previously producing assets in proximity to the Baner Gold Project and which have had various geophysical/geochemical studies performed on them, yielding promising results and potential for mineralization that would warrant exploration drilling. Announcement • Jan 13
Legacy Gold Mines Ltd. Announces Appointment of Michael Michaud to Board of Directors Legacy Gold Mines Ltd. announced the appointment of Michael Michaud to its Board of Directors, effective immediately. Mr. Michaud is a Professional Geologist with over 30 years of experience in domestic and international gold exploration and mining that includes a broad range of deposit types within North and South America, Africa, Asia and Europe. Mr. Michaud is currently serving as President Chief Executive Officer of Red Pine Exploration Ltd., a gold exploration Company currently focused on drilling and exploring its Wawa Gold Project in Ontario, Canada. He also previously served as SVP, Exploration and Resources at Wesdome Gold Mines Ltd. from 2017 to 2024 and, before that, served as Iamgold Corporation's Chief Geologist responsible for providing global geological support for IAMGOLD's exploration activities worldwide. Michael was responsible for developing and implementing regional and mine-site exploration strategies to discover new deposits and to expand mineral resources and reserves around existing mines. Board Change • Jan 03
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. New Risk • Dec 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$11.4m (US$7.89m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$296k free cash flow). Shares are highly illiquid. Shareholders have been substantially diluted in the past year (over 11x increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$11.4m market cap, or US$7.89m). Board Change • Dec 18
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. New Risk • Nov 17
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$302k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$302k free cash flow). Shares are highly illiquid. Shareholders have been substantially diluted in the past year (over 11x increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$15.0m market cap, or US$10.6m). New Risk • Oct 14
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Over 11x increase in shares outstanding. This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Shareholders have been substantially diluted in the past year (over 11x increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$15.5m market cap, or US$11.2m). Board Change • Oct 09
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Aug 30
Prestwick Capital Corporation Limited announced that it has received CAD 2.7 million in funding On August 30, 2024, Prestwick Capital Corporation Limited closed the transaction. In connection with the Private Placement, the Company has agreed to pay Canaccord Genuity Corp. finder's fees as a cash finder's fee equal to 5% of the gross proceeds raised in respect of the aggregate sales to certain subscribers under the Private Placement that were introduced by Canaccord Genuity Corp. of CAD 40,000. Announcement • Jul 26
Prestwick Capital Corporation Limited announced that it expects to receive CAD 2.7 million in funding Prestwick Capital Corporation Limited announces a proposed non-brokered private placement of 13,500,000 subscription receipts of the Company at a price of CAD 0.20 per Subscription Receipt for gross proceeds of CAD 2,700,000 on July 25, 2024. The Private Placement is expected to close inQ3 2024; however, completion is subject to certain conditions, including approval of the Exchange. The Subscription Receipts issued in the Private Placement will be subject to a statutory four-month hold period. The Company may pay a commission or finder's fee to eligible parties in connection with the Private Placement, subject to the approval of the Exchange and compliance with applicable securities laws Board Change • Apr 30
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Mar 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Jan 22
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Jan 16
Prestwick Capital Corporation Limited, Annual General Meeting, Mar 01, 2024 Prestwick Capital Corporation Limited, Annual General Meeting, Mar 01, 2024. Board Change • Jan 04
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Aug 03
Prestwick Capital Corporation Limited has completed an IPO in the amount of CAD 0.2 million. Prestwick Capital Corporation Limited has completed an IPO in the amount of CAD 0.2 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 2,000,000
Price\Range: CAD 0.1
Discount Per Security: CAD 0.01
Transaction Features: Blank Check Blind Pool Company 