Unigold Announces Oversubscribed Private Placement and Increase in Offering Size to approximately $6,000,000 of Units
UNIGOLD INC.
P.O.Box 936, STN Adelaide, Toronto, Canada M5C 2K3
T. 416.866.8157
www.unigoldinc.com
PR No. 2020-13
Unigold Announces Oversubscribed Private Placement and Increase in
Offering Size to approximately $6,000,000 of Units
TORONTO, June 3, 2020 – Unigold Inc. (" Unigold" or the " Company") (TSX-V: UGD) is pleased to
announce an increase in the size of its previously announced non-brokered private placement of units of the
Company (" Units"). Due to oversubscribed demand, the private placement will now consist of up to
33,333,334 units at a price of $0.18 per Unit for gross proceeds of approximately $6,000,000 (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 Canada 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 are expected to 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 applica ble 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 Hamilton,
Chairman & CEO
Unigold Inc. Press Release: May 27, 2020 2
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, estimat es, 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 nongovernmental 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.