Unigold Announces Closing of Non-Brokered Private Placement of $146,600
Unigold Announces Closing of Non-Brokered
Private Placement of $146,600
Toronto, Ontario--(Newsfile Corp. - May 7, 2025) - Unigold Inc. (TSXV: UGD) (OTC Pink: UGDIF) (FSE:
UGB1) ("Unigold" or the "Company") is pleased to announce that it has completed a non-brokered
private placement of 1,832,500 units of the Company (each, a "Unit") at a price of $0.08 per Unit for
gross proceeds of $146,600 (the "Offering").
Each Unit will consist of one common share of the
Company (a "Common Share") and one-half of one common share purchase warrant (each whole
common share purchase warrant, a "Warrant"). Each Warrant will entitle the holder thereof to purchase
one Common Share at an exercise price of $0.12 until four years following the date of issue.
No finders were paid in connection with this closing of the Offering. The proceeds from the Offering will
be used to fund the Company's continued permitting and development on its Neita Sur Concession in
the Dominican Republic, and for general working capital purposes. All securities issued under the
Offering are subject to a four-month hold period. The Offering is subject to final acceptance of the TSX
Venture Exchange.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and
may not be offered or sold in the United States absent registration or an applicable exemption from the
registration requirements.
For further information please visit
www.unigoldinc.com
or contact:
Mr. Joseph Hamilton
Chairman & CEO
T. (416) 866-8157
Forward-looking Statements
Where applicable, we claim the protection of the safe harbour for forward- looking statements provided by the (United States) Private Securities
Litigation Reform Act of 1995.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/251217