Unigold Announces Oversubscribed Private Placement and Increase in Offering Size of up to $3,275,005
Unigold Inc. Press Release: PR2021-14, July 30, 2021 1
UNIGOLD INC.
Ste 2701, 401 Bay Street,
P.O. Box 4, Toronto, ON M5H 2Y4
T. (416) 866-8157
www.unigoldinc.com
PR No. 2021-14
Unigold Announces Oversubscribed Private Placement and Increase in
Offering Size of up to $3,275,005
Toronto, Ontario, July 30, 2021 – Unigold Inc. (“Unigold” or the “Company”) (TSX-
V:UGD, OTCQX:UGDIF, FSE:UGB1) 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 dema nd, the private placement wi ll now consist of up to
25,192,350 Units at a price of $0.13 per Unit for gross proceeds of up to $3,275,005 (the
"Offering"). Each Unit will consist of on e 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 ma y be provided no earlier than four months
and twenty-one days from the date of issue if the closin g 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 th e 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 a pprovals. The securities being
offered under the Offering will be issued pu rsuant 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, 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 within
Unigold Inc. Press Release: PR2021-14, July 30, 2021 2
the 100% owned Neita Fase II exploration conce ssion located in Dajabón province, in the
northwest part of the Dominican Republic. The Ca ndelones 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 Co mpany 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.