Unigold Announces Closing of Private Placement of 18,000,000 Units FOR Gross Proceeds of $2.34 Million
UNIGOLD INC.
Ste 2701, 401 Bay Street,
P.O. Box 4, Toronto, ON M5H 2Y4
T. (416) 866-8157
www.unigoldinc.com
PR No. 2021-18
UNIGOLD ANNOUNCES CLOSING OF PRIVATE PLACEMENT
OF 18,000,000 UNITS FOR GROSS PROCEEDS OF $2.34 MILLION
Toronto, Ontario, October 6, 2021 – Unigold Inc. ("Unigold" or the "Company") (TSX-V: UGD) is pleased to
announce that it has closed its previously announced pr ivate placement of 18,000,000 units of the Company (the
"Units") at a price of $0.13 per Unit for gross proceeds of C$2,340,000 (the " Offering"). Each Unit consists of
one common share in the capital of the Company (a "Common Share") and one common share purchase warrant
(a "Warrant"). Each Warrant will entitle the holder thereof to purchase one Common Share at an exercise price
of $0.15 until February 7, 2022.
The net proceeds from the Offering will be used to fund the Company's continued exploration and development
on its Neita 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, which will expire February 7, 2022. 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 applic able exemption from the
registration requirements. This press release shall not co nstitute an offer to sell or the solicitation of an
offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale
would be unlawful.
About Unigold Inc. – Discovering Gold in the Caribbean
Unigold is a Canadian based mineral exploration company traded on the TSX Venture Exchange under the symbol
UGD, the OTCQX exchange under the symbol UGDIF, and on the Frankfurt Stock Exchange under the symbol
UGB1. The Company is focused primarily on exploring and developing its gold assets in the Dominican Republic.
The Candelones oxide gold deposit is w ithin the 100% owned Neita Fase II exploration concession located in
Dajabón province, in the northwest part of the Domini can Republic. The Candelones project area is about 20
kilometers south of the town of Restaura ćion. The oxide deposit occurs at surface as a result of the tropical
weathering of underlying mineralization. Unigold has been active in the Dominican Republic since 2002 and
remains the most active exploration Company in the country. The Neita Fase II exploration concession is the
largest single exploration concession covering volcanic rocks of the Cretaceous Tireo Formation. This island arc
terrain is host to Volcanogenic Massive Sulphide deposits, Intermediate and High Sulphidation Epithermal
Systems and Copper-gold porphyry systems. Unigold has identified over 20 areas within the concession area that
host surface expressions of gold systems. Unigold has b een concentrating on the Candelones mineralization and
continues to expand the deeper sulphide resources with on-going drilling.
For further information please visit www.unigoldinc.com or contact:
Mr. Joseph Hamilton
Chairman & CEO
T. (416) 866-8157
Forward-looking Statements
Certain statements contained in this document, including statements regarding events and financial trends that may affect our future operating results,
financial position and cash flows, may constitute forward-looking statements within the meaning of the federal securities laws. These statements are based
on our assumptions and estimates and are subject to risk and uncertainties. You can identify these forward-looking statements by the use of words like
“strategy”, “expects”, “plans”, “believes”, “will”, “estimates”, “intends”, “projects”, “goals”, “targets”, and other words of similar meaning. You can also
identify them by the fact that they do not relate strictly to historical or current facts. We wish to caution you that such statements contained are just
predictions or opinions and that actual events or results may differ materially. The forward-looking statements contained in this document are made as of
the date hereof and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ materially
from those projected in the 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.