Unigold Announces Non-Brokered Private Placement of up to $1,500,000
Unigold Announces Non-Brokered Private Placement of up to $1,500,000
TORONTO, July 29, 2019 -- Unigold Inc. ("Unigold" or the " Company") (TSX-V:UGD) is pleased to announce a non-brokered
private placement of up to 15,000,000 units of the Company (the " Units") at a price of $0.10 per Unit for gross proceeds of up
to $1,500,000 (the " Offering"). Each Unit will consist of one common share of the Company (a " Common Share ") and one-
half common share purchase warrant (a " Warrant "). Each whole Warrant will entitle the holder thereof to purchase one
Common Share at an exercise price of $0.15 until the date that is the earlier of: (i) two years following the date of issue, or (ii)
30 days after the date on which the Company gives notice of acceleration, which notice may be provided no earlier than four
months and twenty-one days from the date of issue if the closing price of the Common Shares on a stock exchange in Canada
is higher than $0.30 per Common Share for more than 20 consecutive trading days.
The proceeds from the Offering will be used to fund the Company's continued exploration and development on its Neita
Concession in the Dominion Republic, and for general working capital purposes.
Finder's fees are expected to be payable in connection with the completion of the Offering in accordance with TSX Venture
Exchange policies.
Closing of the Offering may be completed in multiple tranches and is subject to certain closing conditions including, but not
limited to, conditional approval from the TSX Venture Exchange and receipt of any other required regulatory approvals. The
securities being offered under the Offering will be issued pursuant to applicable exemptions from the prospectus requirements
under applicable securities laws and will be subject to a hold period that will expire four months and one day from the date of
issue.
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,
focused primarily on exploring and developing its gold assets in the Dominican Republic.
For Further Information please visit www.unigoldinc.com or contact
Mr. Joseph Del Campo
Interim President & CEO
[email protected] 416.866.8157
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.
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation
that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information
in this news release about the Offering; the use of the proceeds from the Offering; the number of Common Shares offered or
sold; the gross proceeds from the Offering; the timing and ability of the Company to close the Offering, if at all; the timing and
ability of the Company to satisfy the listing conditions of the TSX Venture Exchange, if at all; and any other information herein
that is not a historical fact may be "forward-looking information". Any statement that involves discussions with respect to
predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance
(often but not always using phrases such as "expects", or "does not expect", "is expected", "interpreted", "management's
view", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or
variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or
"will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are
intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and
estimates of management of the Company, at the time such assumptions and estimates were made, and involves known and
unknown risks, uncertainties or other factors which may cause the actual results, performance or achievements of the
Company to be materially different from any future results, performance or achievements expressed or implied by such forward
looking information. Such factors include, among others, risks relating to the Offering; volatility in the trading price of common
shares of the Company; risks relating to the ability of the Company to obtain required approvals, complete definitive
documentation and complete the Offering on the terms announced; risks relating to mining activities; the global economic
climate; metal prices; dilution; environmental risks changes in the tax and regulatory regime; and community and non-
governmental actions. Although the forward-looking information contained in this news release is based upon what
management believes, or believed at the time, to be reasonable assumptions, the Company cannot guarantee shareholders
and prospective purchasers of securities of the Company that actual results will be consistent with such forward-looking
information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither
Company nor any other person assumes responsibility for the accuracy and completeness of any such forward looking
information. Company does not undertake, and assumes no obligation, to update or revise any such forward-looking
statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required
by law.