Unigold Announces Closing of Non-Brokered Private Placement of $140,000

Rhea-AI Summary

Unigold (OTC:UGDIF) has completed a non-brokered private placement raising $140,000 through the issuance of 1.4 million units at $0.10 per unit. Each unit comprises one common share and one warrant, with warrants exercisable at $0.16 per share for a two-year period.

The proceeds will support the company's permitting and development activities at its Neita Sur Concession in the Dominican Republic, along with general working capital needs. No finder's fees were paid, and the securities are subject to a four-month hold period, pending final TSX Venture Exchange approval.

["Secured $140,000 in new funding for development activities", "Warrants provide potential for additional future funding at $0.16 per share", "No finder's fees paid, reducing transaction costs"]

Positive

• None.

Negative

• Small offering size indicates limited funding raised
• Potential dilution for existing shareholders

Toronto, Ontario--(Newsfile Corp. - September 3, 2025) - Unigold Inc. (TSXV: UGD) (OTC Pink: UGDIF) (FSE: UGB1) ("Unigold" or the "Company") is pleased to announce that it has completed a non-brokered private placement of 1,400,000 units of the Company (each, a "Unit") at a price of $0.10 per Unit for gross proceeds of $140,000 (the "Offering"). Each Unit consists of one common share of the Company (a "Common Share") and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder thereof to purchase one Common Share at an exercise price of $0.16 until two years following the date of issue.

No finders fees were paid in connection with this closing of the Offering. The proceeds from the Offering will be used to fund the Company's continued permitting and development on its Neita Sur Concession in the Dominican Republic, and for general working capital purposes. All securities issued under the Offering are subject to a four-month hold period. The Offering is subject to final acceptance of the TSX Venture Exchange.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.

For further information, please visit www.unigoldinc.com or contact:
Mr. Joseph Hamilton
Chairman & CEO
T. (416) 866-8157

Forward-Looking Statements
Where applicable, we claim the protection of the safe harbour for forward-looking statements provided by the (United States) Private Securities Litigation Reform Act of 1995.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/265082

FAQ

What are the terms of Unigold's (UGDIF) September 2025 private placement?

Unigold raised $140,000 by issuing 1.4 million units at $0.10 per unit, with each unit including one common share and one warrant exercisable at $0.16 for two years.

How will Unigold (UGDIF) use the proceeds from its private placement?

The proceeds will fund permitting and development activities at the Neita Sur Concession in the Dominican Republic and general working capital purposes.

What is the exercise price and expiry of Unigold's (UGDIF) new warrants?

The warrants have an exercise price of $0.16 and expire two years from the date of issue.

Are there any restrictions on the securities issued in Unigold's private placement?

Yes, the securities are subject to a four-month hold period and require final TSX Venture Exchange approval.