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Unigold Inc. (UGDIF) plans to extend the expiry dates of 24,062,500 share purchase warrants to December 31, 2024, allowing holders to acquire common shares at $0.30 per share. The Warrants were issued through private placements, with certain warrants held by related parties. The Company has applied for approval from the TSX Venture Exchange for the extension.
Unigold Inc. (UGDIF) prevede di prorogare la scadenza di 24.062.500 warrant per l'acquisto di azioni fino al 31 dicembre 2024, permettendo ai detentori di acquisire azioni ordinarie al prezzo di $0,30 per azione. I warrant sono stati emessi tramite collocamenti privati, con alcuni warrant detenuti da parti correlate. La società ha richiesto l'approvazione per l'estensione dalla TSX Venture Exchange.
Unigold Inc. (UGDIF) planea extender la fecha de vencimiento de 24,062,500 warrants de compra de acciones hasta el 31 de diciembre de 2024, permitiendo a los tenedores adquirir acciones ordinarias a $0.30 por acción. Los warrants fueron emitidos a través de colocaciones privadas, con ciertos warrants en manos de partes relacionadas. La compañía ha solicitado aprobación para la extensión por parte de TSX Venture Exchange.
Unigold Inc.(UGDIF)는 24,062,500개의 주식 매입 워런트의 만료 날짜를 2024년 12월 31일로 연장할 계획이며, 이를 통해 보유자는 주당 $0.30의 가격으로 보통주를 취득할 수 있습니다. 워런트는 사모 배치를 통해 발행되었으며, 일부 워런트는 관련 당사자가 보유하고 있습니다. 회사는 TSX Venture Exchange에서 연장 승인을 신청했습니다.
Unigold Inc. (UGDIF) envisage de prolonger la date d'expiration de 24 062 500 bons de souscription d'achat d'actions jusqu'au 31 décembre 2024, permettant aux détenteurs d'acquérir des actions ordinaires à 0,30 $ par action. Les bons ont été émis via des placements privés, certains étant détenus par des parties liées. La société a demandé l'approbation de l'extension de la Bourse de croissance TSX.
Unigold Inc. (UGDIF) plant, das Verfallsdatum von 24.062.500 Aktienkaufsoptionen bis zum 31. Dezember 2024 zu verlängern, wodurch Inhaber Stammaktien für $0,30 je Aktie erwerben können. Die Optionsscheine wurden durch private Platzierungen ausgegeben, wobei bestimmte Scheine von verbundenen Parteien gehalten werden. Das Unternehmen hat die Genehmigung für die Verlängerung bei der TSX Venture Exchange beantragt.
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Toronto, Ontario--(Newsfile Corp. - April 19, 2024) - Unigold Inc. (TSXV: UGD) (OTCQB: UGDIF) (FSE: UGB1) ("Unigold" or the "Company") announces that the Company intends to extend the expiry dates of a total of 24,062,500 share purchase warrants (the "Warrants") to December 31, 2024 (the "Warrant Extensions"). Each Warrant entitles the holder thereof to acquire one common share of the Company at a price of $0.30 per common share and all other terms of the Warrants, including exercise price, will remain the same. The Warrants were issued pursuant to the following private placements:
16,053,750 warrants, including 528,750 warrants issued to insiders, were issued pursuant to a private placement which closed on May 16, 2023
8,008,750 warrants, including 850,000 warrants issued to insiders, were issued pursuant to a private placement which closed on May 10, 2023
The Company has made an application to the TSX Venture Exchange (the "TSXV") in respect of the Warrant Extensions. The Warrant Extensions are subject to the approval of the TSXV.
A total of 1,378,750 Warrants are held by parties who are considered to be "related parties" of the Company. Therefore, the amendment of Warrants constitutes a "related party transaction" as contemplated by Multilateral Instrument 61-101 Protection of Minority Shareholders in Special Transactions, and TSXV Policy 5.9 - Protection of Minority Shareholders in Special Transactions. However, the exemptions from formal valuation and minority approval requirements provided for by these guidelines can be relied upon as the fair market value of the Warrants held by insiders does not exceed 25% of the market capitalization of the Company. Upon receipt of the approval of the TSXV of the Warrant Extensions, a material change report in respect of the Warrant Extension will be filed by the Company.
Mr. Joseph Hamilton Chairman & CEO T. (416) 866-8157
Forward-looking Statements
Certain statements contained in this document, including statements regarding events and financial trends that may affect our future operating results, financial position and cash flows, may constitute forward-looking statements within the meaning of the federal securities laws. The forward-looking statements contained in this document are made as of the date hereof and we assume no obligation to update the 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. For more information, please visit https://www.unigoldinc.com/profile/forward-looking-statement.
