By Sheri Kasprzak
New York, Dec. 2 - Unigold Inc. said it has arranged a private placement for C$3,228,923.
The non-brokered deal includes 20,180,770 shares at C$0.16 each.
Proceeds from this deal will be used for exploration on the company's Neita property in the Dominican Republic, drilling on the Los Candelones gold deposit, future acquisitions and general corporate purposes.
Separately, the company is also conducting a non-brokered deal for 1,819,230 shares at C$0.13 each with Shairco Ltd.
Proceeds from this deal will be used for outstanding payments for properties in the Dominican Republic and for general corporate purposes.
Oakville, Ont.-based Unigold is a gold exploration company.
| Issuer: | Unigold Inc.
|
| Issue: | Stock
|
| Amount: | C$3,228,923
|
| Shares: | 20,180,770
|
| Price: | C$0.16
|
| Warrants: | No
|
| Placement agent: | Non-brokered
|
| Pricing date: | Dec. 2
|
| Stock price: | C$0.235 at close Dec. 2
|
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