Unigold Announces Closing of Non-Brokered Private Placement of $1,470,060

Executive Summary

• Unigold Inc. closed a non‑brokered private placement of 8,167,000 units at $0.18 per unit, generating gross proceeds of $1,470,060.
• Each unit consists of one common share and half of a common share purchase warrant (full warrant exercisable at $0.22 for two years).
• Proceeds will fund continued exploration and development of the Neita Sur concession in the Dominican Republic and provide general working capital.

Key Details

• Units sold: 8,167,000 (including 7,000,000 purchased by insiders).
• Price per unit: $0.18.
• Gross proceeds: $1,470,060.
• Unit composition: 1 common share + ½ of a common share purchase warrant.
• Warrant terms: Exercise price $0.22; exercisable for two years from issuance.
• Insider participation:
• Andrés Marranzini (Director) – 3,111,100 units.
• Juana Barcelo (Director) – 3,888,900 units.
• Hold period: All securities subject to a four‑month hold period.
• Use of proceeds: Funding exploration and development on the Neita Sur concession; general working capital.
• Regulatory notes: Offering pending final acceptance by TSX Venture Exchange; material change report to be filed under MI 61‑101 for related‑party transactions.
• Exemptions relied upon: Fair market value of transaction ≤ 25% of market cap; no formal valuation or minority shareholder approval required per MI 61‑101 sections 5.5(a)(b) and 5.7(1)(a).

Notable Quotes

• “The proceeds from the Offering will be used to fund the Company's continued exploration and development on its Neita Sur Concession in the Dominican Republic, and for general working capital purposes.” – Joseph Hamilton, Chairman & CEO.