By Devika Patel
Knoxville, Tenn., Dec. 1 - Unigold Inc. said it completed a C$10.68 million private placement of units. The deal priced for C$10 million with a C$1.5 million greenshoe on Nov. 12.
The company sold 62,795,000 units of one common share and a half-share warrant at C$0.17 apiece. Of the units, 3,971,500 were part of the partially exercised greenshoe.
Each whole warrant is exercisable at C$0.30 for two years.
Dundee Securities Corp. and PowerOne Capital Markets Ltd. were the agents.
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$10,675,150 (including C$675,150 greenshoe)
|
| Units: | 62,795,000
|
| Price: | C$0.17
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.30
|
| Agents: | Dundee Securities Corp. and PowerOne Capital Markets Ltd.
|
| Pricing date: | Nov. 12
|
| Settlement date: | Dec. 1
|
| Stock symbol: | TSX Venture: UGD
|
| Stock price: | C$0.25 at close Nov. 11
|
| Market capitalization: | C$21 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
