V:UGD; OTCQX: UGDIF; FSE:UGB1) announces that the TSX-V has approved the extension of the expiry dates of a total of 16,629,167 share purchase warrants (the “Warrants”), by six
Unigold Inc. Press Release: PR2022-14 December 5, 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. 2022-14
TSX-V approves Warrant Extension
Toronto, Ontario, December 5 , 2022 – Unigold Inc. ( “Unigold” or the “Company”) (TSX -
V:UGD; OTCQX: UGDIF; FSE:UGB1) announces that the TSX-V has approved the extension of
the expiry dates of a total of 16,629,167 share purchase warrants (the “Warrants”), by six
months to June 23, 2023 (the “Warrant Extension”). The Warrants were issued pursuant to a
private placement which closed on June 23, 2020. Each Warrant entitles the holder thereof
to acquire one common share of the Company at a price of $0.30 per common share and all
other terms of the Warrants, including exercise price, will remain the same.
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 Multilateral 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 have been relied upon as the fair
market value of the Warrants held by insiders does not exceed 25% of the market
capitalization of the Company.
For further information please visit http://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 bas ed 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 eve nts 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 ma terially 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 infor mation, 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.