Unigold Inc. Press Release: PR2021-17 1 UNIGOLD INC.
Unigold Inc. Press Release: PR2021-17 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. 2021-17
Unigold Announces Non-Brokered Private Placement of up to $2,340,000
Toronto, Ontario, September 17, 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 18,000,000 units of the Company (each, a "Unit") at a price of
$0.13 per Unit for gross proceeds of up to $2,340,000 (the "Offering"). Each Unit will
consist of one common share 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 the date that is four
months and a day following the date of issue.
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.
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, 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
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. T he 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. U nigold 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.
Unigold Inc. Press Release: PR2021-17 2
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 oropinions
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.