Unigold Announces Non-Brokered Private Placement of up to $3,000,000
Unigold Inc. Press Release: PR2021-13, July 8, 2021
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UNIGOLD INC.
Ste 2701, 401 Bay Street,
P.O. Box 4, Toronto, ON M5H 2Y4
T. (416) 866-8157
www.unigoldinc.com
PR No. 2021-13
Unigold Announces Non-Brokered Private Placement of up to $3,000,000
Toronto, Ontario, July 8, 2021 – Unigold Inc. (“Unigold” or the “Company”) (TSX -
V:UGD, OTCQX:UGDIF, FSE:UGB1) is pleased to announce a non -brokered private
placement of up to 23,076,923 units of the Company (each , a "Unit") at a price of
$0.13 per Unit for gross proceeds of up to $3,000,000 (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 $0.30 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 Canad a is higher than $0.60 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 Dominican Republic, and
for general working capital purposes.
Finder's fees may be paid 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.
Unigold Inc. Press Release: PR2021-13, July 8, 2021
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About Unigold Inc. – Discovering Gold in the Caribbean
Unigold is a Canadian based mineral exploratio n 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 Do minican Republic. The Candelones oxide
gold deposit is within the 100% owned Neita Fase II exploration concession located in
Dajabón province, in the northwest part of the Dominican Republic. The Candelones project
area is about 20 kilometers south of the town of Restauraćion. 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 been 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.