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Source: The Northern Miner
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  • Unigold (UGD) is issuing 18,000,000 units for gross proceeds of up to $2.34M
  • Each unit will consist of one common share and one common share purchase warrant
  • The proceeds from the offering will be used to fund further exploration and development of its Neita Concession
  • The offering may be closed in multiple tranches
  • Unigold is a Canadian-based mineral exploration company focused on exploring and developing its gold assets in the Dominican Republic
  • Unigold Inc. (UGD) opened trading at C$0.115 per share

Unigold (UGD) has announced a non-brokered private placement for gross proceeds of up to $2,340,000.

The company is issuing 18,000,000 units at a price of $0.13 per unit.

Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one share at a price of $0.15.

The proceeds from the offering will be used to fund exploration and development of its Neita Concession in the Dominican Republic and for general working capital purposes.

The offering may be closed in multiple tranches and is subject to approval from the TSX Venture Exchange and receipt of any other required regulatory approvals.

The securities will be subject to a four-month hold period.

Unigold is a Canadian-based mineral exploration company focused primarily on exploring and developing its gold assets in the Dominican Republic.

Unigold Inc. (UGD) opened trading at C$0.115 per share.

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