Legacy Gold Announces Engagement of Oak Hill Financial Inc. for Investor Relations and Marketing Services

Legacy Gold hires Oak Hill for IR at C$12,000/month; no performance targets disclosed.

What the company is saying

Legacy Gold Mines Ltd. is announcing a formal engagement of Oak Hill Financial Inc. to deliver investor relations and marketing services, starting August 26, 2026. The company frames the agreement as a means to raise its profile and credibility in the investment community, with Oak Hill tasked to target Canadian investment advisors and North American funds. The announcement emphasizes the size of Oak Hill’s network—over 10,000 Canadian CIRO advisors and 300 North American funds—suggesting broad outreach potential. Compensation is strictly cash-based, with C$12,000 per month plus taxes and pre-approved expenses, and no shares or options are involved. The company highlights that Oak Hill is an arm’s length party with no current or intended equity interest, and that the contract is subject to TSX Venture Exchange approval. There is no mention of performance metrics or success-based compensation, and the tone is factual and procedural.

What the data suggests

The only concrete financial data disclosed are the C$12,000 monthly fee and the C$36,000 aggregate for the initial three-month term, both paid from working capital. The agreement is open-ended after the initial term, renewing monthly unless terminated with five days’ notice. No shares, options, or other securities are being issued to Oak Hill, and there are no performance triggers or variable compensation. The data does not include any operational or financial results, nor does it quantify expected outcomes from the engagement. There is no evidence provided for Oak Hill’s claimed network reach, nor for the effectiveness of its services. The announcement reiterates Legacy Gold’s option on the Baner Gold Mine Property but provides no new technical, financial, or operational data about the asset. Overall, the numbers confirm a modest, fixed cash outlay for routine IR services, with no direct link to value creation or measurable milestones.

Analysis

The announcement is factual and focused on the engagement of Oak Hill Financial Inc. for investor relations and marketing services, with all compensation terms and contract details clearly disclosed. While some language describes the intended services (such as raising the company's profile and targeted outreach), these are standard descriptions of IR activities and do not overstate potential outcomes or benefits. There are no exaggerated claims about future financial performance, operational milestones, or project development. The only forward-looking elements are procedural (subject to TSX Venture Exchange acceptance) and descriptive of the services to be provided, not of any transformative impact. No large capital outlay or long-term project risk is disclosed in this announcement. The gap between narrative and evidence is minimal, and the tone is proportionate to the content.

Risk flags

• ●There are no performance metrics or deliverables tied to Oak Hill’s compensation, so the company may incur C$36,000 in fees over three months (and more if renewed) without any guarantee of tangible results. This creates a risk of limited return on marketing spend.
• ●The announcement does not disclose any due diligence on Oak Hill’s track record or effectiveness, nor does it provide evidence for the claimed network size or reach. Without such data, the value of the engagement is difficult to assess.
• ●The contract is subject to TSX Venture Exchange acceptance, and there is no confirmation that this approval has been obtained. If the Exchange does not accept the agreement, the engagement cannot proceed as described.

Bottom line

Legacy Gold Mines Ltd. is committing at least C$36,000 plus taxes and expenses to Oak Hill Financial Inc. for three months of investor relations and marketing services, with no performance-based compensation or measurable targets. The company is transparent about the cash-only nature of the deal and Oak Hill’s lack of equity interest, but provides no evidence of Oak Hill’s effectiveness or the likely impact on investor engagement. The announcement does not change the investment case for Legacy Gold, as it contains no operational, financial, or project updates. Investors should treat this as a routine IR contract with no immediate implications for valuation or business fundamentals. The most important takeaway is that this is a standard marketing spend, not a catalyst or value-creating event.

Announcement summary

(TSXV: LEGY) Legacy Gold Mines Ltd. announces the engagement of Oak Hill Financial Inc. to provide investor relations and marketing services, effective August 26, 2026. The agreement has an initial term of three months and will automatically renew for successive one-month periods thereafter unless terminated in accordance with its terms. The Company will pay Oak Hill a monthly advisory fee of C$12,000 plus applicable taxes and pre-approved out-of-pocket expenses. The aggregate advisory fees payable during the initial three-month term will be C$36,000 plus applicable taxes and pre-approved expenses, which will be paid from the Company's working capital. Oak Hill will not receive any common shares or other securities of the Company as compensation. Oak Hill and its principals have advised the Company that they do not presently have any interest, directly or indirectly, in the securities of the Company, or any right or intent to acquire such an interest. The Company's engagement of Oak Hill is subject to the acceptance of the TSX Venture Exchange.

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