Source: The Northern Miner
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  • Unigold (UGD) has closed a first tranche of a non-brokered private placement for aggregate gross proceeds of $1,400,000
  • Under the first tranche, the company issued 17,500,000 units for $0.08 per unit
  • Under the terms of the offering, the company will issue up to 20,000,000 units at a price of $0.08 per Unit for gross proceeds of up to $1,600,000
  • Proceeds will be used to fund continued exploration and development on its Neita Concession in the Dominican Republic
  • Unigold is a Canadian based mineral exploration company active in the Dominican Republic
  • Unigold Inc. (UGD) opened trading at C$0.075 per share

Unigold (UGD) has closed a first tranche of a non-brokered private placement for aggregate gross proceeds of $1,400,000.

Under the first tranche, the company issued 17,500,000 units for $0.08 per unit.

Under the terms of the offering, the company will issue up to 20,000,000 units at a price of $0.08 per Unit for gross proceeds of up to $1,600,000. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional share for $0.30 for a period of one year.

Warrants are subject to an acceleration clause.

Proceeds will be used to fund continued exploration and development on its Neita Concession in the Dominican Republic, and for general working capital purposes.

All securities issued are subject to a four-month hold period until January 7, 2023.

Unigold is a Canadian based mineral exploration company. Unigold has been active in the Dominican Republic since 2002 and remains the region’s most active exploration company.

Unigold Inc. (UGD) opened trading at C$0.075 per share.


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