By Devika Patel
Knoxville, Tenn., Nov. 12 - Unigold Inc. said it has arranged a C$10 million private placement of units.
The company will sell 58,823,500 units of one common share and a half-share warrant at C$0.17 apiece on a best-efforts basis. Each whole warrant is exercisable at C$0.30 for two years.
Dundee Securities Corp. and PowerOne Capital Markets Ltd. are the agents. There is a C$1.5 million greenshoe.
Proceeds will be used for exploration and general corporate purposes.
Toronto-based Unigold is a gold exploration company.
| Issuer: | Unigold Inc.
|
| Issue: | Units of one common share and a half-share warrant
|
| Amount: | C$10 million
|
| Greenshoe: | C$1.5 million
|
| Units: | 58,823,500
|
| Price: | C$0.17
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.30
|
| Agent: | Dundee Securities Corp. and PowerOne Capital Markets Ltd.
|
| Pricing date: | Nov. 12
|
| Stock symbol: | TSX Venture: UGD
|
| Stock price: | C$0.25 at close Nov. 11
|
| Market capitalization: | C$20.6 million
|
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