Welcome to our dedicated page for Unigold news (Ticker: UGDIF), a resource for investors and traders seeking the latest updates and insights on Unigold stock.
Unigold Inc. reports on mineral exploration and development activities in the Dominican Republic, with recurring updates tied to the Candelones deposits and the Neita Norte and Neita Sur concessions. Company news commonly covers drilling permits, concession status, exploration work programs, and technical references to gold-silver mineralization with associated base metals.
Other recurring developments include non-brokered private placements, warrant exercises, common share purchase warrants, deferred share units, stock options, board changes, and transfer-agent administration. The company’s releases also address Dominican Republic permitting and government-related project context where those matters affect its concessions and work programs.
Unigold has successfully closed a non-brokered private placement, raising $1,493,450 through the issuance of 18,668,125 units at $0.08 per unit. Each unit includes one common share and one-half of a share purchase warrant, with each whole warrant exercisable at $0.12 until four years from issuance.
The company closed the first tranche on May 13, 2024, and the final tranche on June 5, 2024, issuing 15,556,250 units for $1,244,500. No finders’ fees were paid. Proceeds will be used for exploration and development on the Neita Concession in the Dominican Republic and general working capital.
Insiders, including director Normand Tremblay, participated in the offering, which qualifies as a related party transaction under MI 61-101.
Unigold has extended the deadline for its non-brokered private placement initially announced on March 22, 2024. The new closing date is set for June 30, 2024. The private placement aims to raise up to $2,000,000 by issuing up to 25,000,000 units at $0.08 per unit. Each unit includes one common share and one-half warrant, with each whole warrant exercisable at $0.12 for four years post-issue. The first tranche has closed, yielding $248,950 from 3,111,875 units. Proceeds will fund exploration and development at Unigold's Neita Concession in the Dominican Republic and general working capital. The offering is subject to TSX Venture Exchange approval and other regulatory conditions.
Unigold has announced the closure of the first tranche of a non-brokered private placement, aiming to raise up to $2,000,000 by issuing up to 25,000,000 units at $0.08 per unit. Each unit consists of one common share and one-half of one common share purchase warrant, allowing the purchase of additional shares at $0.12 within four years. The first tranche issued 3,111,875 units, raising $248,950. Funds will support exploration and development in the Dominican Republic and general working capital. Insider participation includes 2,415,000 units by Osvaldo Oller and 300,000 by Normand Tremblay. Securities are subject to a four-month hold period until September 12, 2024, and require final TSX Venture Exchange acceptance.
Unigold Inc. announces the extension of its non-brokered private placement of up to $2,000,000 until May 30, 2024. The private placement consists of 25,000,000 units at $0.08 per unit, with each unit including a common share and a warrant. The proceeds will fund exploration and development in the Dominican Republic. The closing of the offering is subject to various conditions.
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