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Unigold Announces Closing of Non-Brokered Private Placement of $1,568,000
Toronto, Ontario--(Newsfile Corp. - June 24, 2025) - Unigold Inc. (TSXV: UGD) (OTC Pink: UGDIF) (...
About this update from Unigold Inc.
[{"type":"text","content":"Unigold Announces Closing of Non-Brokered Private Placement of $1,568,000Toronto, Ontario--(Newsfile Corp. - June 24, 2025) - Unigold Inc. (TSXV: UGD) (OTC Pink: UGDIF) (FSE: UGB1) (\"Unigold\" or the \"Company\") is pleased to announce that it has completed a non-brokered private placement of 19.600,000 units of the Company (each, a \"Unit\") at a price of $0.08 per Unit for gross proceeds of $1,568,0000 (the \"Offering\"). Each Unit consists 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 $0.12 until four years following the date of issue.No finders fees were paid in connection with this closing of the Offering. The proceeds from the Offering will be used to fund the Company's continued permitting and development on its Neita Sur Concession in the Dominican Republic, and for general working capital purposes. All securities issued under the Offering are subject to a four-month hold period. The Offering is subject to final acceptance of the TSX Venture Exchange.The following \"insiders\" of the Company subscribed for Units under the Offering: InsiderUnits PurchasedRelationship Osvaldo Oller1,750,000Director of IssuerTotal:1,750,000 Each subscription by an \"insider\" is considered to be a \"related party transaction\" for purposes of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (\"MI 61- 101\") and Policy 5.9 - Protection of Minority Security Holders in Special Transactions of the TSX Venture Exchange. Pursuant to MI 61-101, the Company will file a material change report providing disclosure in relation to each \"related party transaction\" on SEDAR under the Company's issuer profile at www.sedarplus.ca. The Company did not file the material change report more than 21 days before the expected closing date of the Offering as the details of the Offering and the participation therein by each \"related party\" of the Company were not settled until shortly prior to the closing of the Offering, and the Company wished to close the Offering on an expedited basis for sound business reasons. The Company is relying on exemptions from the formal valuation and minority share...