Unigold Proposes to Extend Warrants
Unigold Inc. Press Release: PR2022-04 June 7, 2022 1
UNIGOLD INC.
Ste 2704, 401 Bay Street,
P.O. Box 4, Toronto, ON M5H 2Y4
T. (416) 866-8157
www.unigoldinc.com
PR No. 2022-04
Unigold Proposes to Extend Warrants
Toronto, Ontario, June 7, 2022 – Unigold Inc. ( “Unigold” or the “Company”) (TSX-V:UGD;
OTCQX: UGDIF; FSE:UGB1) announces that the Company intends to extend the expiry dates
of a total of 16,629,167 share purchase warrants (the “Warrants”), by six months to
December 23, 2022 (the “Warrant Extension” ). The Warrants were issued pursuant to a
private placement which closed on June 23, 2020 and are currently set to expire on June 23,
2022. Each Warrant entitles the holder thereof to acquire one common share of the
Company at a price of $0.30 per common shar e and all other terms of the Warrants,
including exercise price, will remain the same.
The Company has made an application to the TSX Venture Exchange (the “TSXV”) in respect
of the Warrant Extension. The Warrant Extension is subject to the approval of the TSXV.
A total of 150,650 Warrants are held by parties who are considered to be “related parties” of
the Company. Therefore, the amendment of Warrants constitutes a “related party
transaction” as contemplated by Mu ltilateral Instrument 61 -101 Protection of Minority
Shareholders in Special Transactions, and TSXV Policy 5.9 - Protection of Minority Shareholders
in Special Transactions . However, the exemptions from formal valuation and minority
approval requirements provided for by these guidelines can be relied upon as the fair market
value of the Warrants held by insiders does not exceed 25% of the market capitalization of
the Company. Upon receipt of the approval of the TSXV of the Warrant Extension, a material
change report in respect of the Warrant Extension will be filed by the Company.
For further information please visit http://www.unigoldinc.com or contact:
Mr. Joseph Hamilton
Chairman & CEO
T. (416) 866-8157
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
Unigold Inc. Press Release: PR2022-04 June 7, 2022 2
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. In early 2022
Unigold applied to convert part of the Nieta e xploration concession not an Exploitation
Concession which is the first step towards establishing production from the oxide gold
target. A feasibility study and an environmental and social impact study are underway.
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.
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 assumpti ons 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 r esults 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. For more information, please visit
https://www.unigoldinc.com/profile/forward-looking-statement.
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.