Dundee-led syndicate to buy 11.2 million shares on bought-deal basis
By Marisa Wong
Madison, Wis., Aug. 22 - Unigold Inc. announced a C$5.04 million private placement of common stock. Unigold will sell 11.2 million common shares at C$0.45 per share.
The price per share reflects a 2.17% discount to the Aug. 21 closing share price of C$0.46.
The offering will be conducted on a bought-deal basis through a syndicate of underwriters led by Dundee Securities Ltd. and including Primary Capital Inc., Clarus Securities Inc., Casimir Capital Ltd. and PowerOne Capital Markets Ltd.
The offering is scheduled to close on Sept. 13.
Proceeds will be used to advance the exploration and development of the company's gold assets in the Dominican Republic and for general corporate purposes.
Unigold is a Toronto-based gold exploration company.
| Issuer: | Unigold Inc.
|
| Issue: | Common stock
|
| Amount: | C$5.04 million
|
| Shares: | 11.2 million
|
| Price: | C$0.45
|
| Warrants: | No
|
| Underwriters: | Dundee Securities Ltd. (lead), Primary Capital Inc., Clarus Securities Inc., Casimir Capital Ltd. and PowerOne Capital Markets Ltd.
|
| Announcement date: | Aug. 22
|
| Settlement date: | Sept. 13
|
| Stock symbol: | TSX Venture: UGD
|
| Stock price: | C$0.46 at close Aug. 21
|
| Market capitalization: | C$90.06 million
|
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