By Sheri Kasprzak
New York, June 28 - Unigold Inc. priced a C$4.5 million private placement.
The offering, which is not brokered, includes up to 9 million units at C$0.50 each. Each unit consists of one share and one warrant, with each warrant exercisable at C$0.75 for one year.
Proceeds from the deal will be used for ongoing exploration on projects in the Dominican Republic.
Toronto-based Unigold is a gold exploration company.
| Issuer: | Unigold Inc.
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| Issue: | Units of one share and one warrant
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| Amount: | C$4.5 million
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| Units: | 9 million
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| Price: | C$0.50
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| Warrants: | One warrant per unit
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| Warrant expiration: | One year
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| Warrant strike price: | C$0.75
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| Placement agent: | Non-brokered
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| Pricing date: | June 28
|
| Stock symbol: | TSX Venture: UGD
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| Stock price: | C$0.54 at close June 28
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