Business
Unigold Inc. - Closure of $5,000,000 Private Placement with IFC
TORONTO , June 10, 2013 /CNW/ - Unigold Inc. (TSXV:UGD) Further to the announceme...
About this update from Unigold Inc.
[{"type":"text","content":"\n\n\nTORONTO, June 10, 2013 /CNW/ - Unigold Inc. (TSXV:UGD) \n\n\nFurther to the announcement on May 29, 2013, Unigold Inc. (\"Unigold\" or the \"Company\") is pleased to announce the closing of the previously announced\n private placement (the \"Private Placement\") of securities to International Finance Corporation (\"IFC\") for proceeds of CAD$5,000,000.\n\n\nThe Private Placement resulted in the issuance of 20,000,000 units (\"Units\") at a price of $0.25 per Unit. Each Unit was composed of one common\n share of Unigold and three-quarters (¾) of one common share purchase\n warrant (each whole warrant a \"Warrant\"). Each Warrant will entitle the holder thereof to purchase one common\n share of Unigold (a \"Warrant Share\") at an exercise price of CAD$0.50 until June 10, 2017, subject to\n Unigold's right to accelerate the expiration of the warrants in certain\n circumstances. The securities issued under the Private Placement are\n subject to a four month hold period in Canada, which expires on October\n 11, 2013. Assuming no exercise of the Warrants, the common shares of\n the Company issued to IFC represent 8.94% of the outstanding shares of\n the Company. Assuming the exercise of all Warrants, IFC would hold\n 13.53% of the outstanding common shares of the Company on a partially\n diluted basis.\n\n\nAbout Unigold Inc. - Discovering Gold in the Caribbean\n\n\nUnigold is a Canadian mineral exploration company traded on the TSX\n Venture Exchange under the symbol UGD, focused primarily on exploring\n and developing its gold assets, notably the Neita Property in the\n Dominican Republic.\n\n\nAbout IFC \nIFC, a member of the World Bank Group, is the largest global development\n institution focused exclusively on the private sector. The IFC help\n developing countries achieve sustainable growth by financing\n investment, mobilizing capital in international financial markets, and\n providing advisory services to businesses and governments. In FY12,\n investments reached an all-time high of more than $20 billion,\n leveraging the power of the private sector to create jobs, spark\n innovation, and tackle the world's most pressing development\n challenges. For more information, visit www.ifc.org.\n\n\nThis news release does not constitute an offer to sell or a solicitation\n of an offer to buy any of the securities of Unigol...