Unigold Reminds Holders of Upcoming Warrant Expiry Date

Rhea-AI Summary

Unigold (OTC: UGDIF) reminds warrant holders that specified warrant series will expire on March 31, 2026. In aggregate the press details multiple private placements totaling 53,433,675 warrants, each exercisable for one common share at $0.30 per share.

Holders must deliver original or electronic warrant certificates, include the attached exercise form, and ensure funds are received by close of business on March 31, 2026. Contact details for the corporate secretary and transfer agent are provided for assistance.

Positive

• Holders can raise up to $16.03 million if all 53,433,675 warrants are exercised at $0.30 each
• Clear exercise instructions and contact info reduce procedural barriers for warrant holders

Negative

• Issuance of 53,433,675 shares on exercise would cause material dilution to existing shareholders
• 3,604,600 warrants were issued to insiders and could increase insider shareholdings if exercised

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Toronto, Ontario--(Newsfile Corp. - March 10, 2026) - Unigold Inc. (TSXV: UGD) (OTC Pink: UGDIF) (FSE: UGB1) ("Unigold" or the "Company") reminds holders that the following series of warrants are scheduled to expire on March 31, 2026:

• 12,596,175 warrants, including 375,850 warrants issued to insiders, were issued pursuant to a private placement which closed on August 10, 2021
• 8,750,000 warrants, including 1,850,000 warrants issued to insiders, were issued pursuant to a private placement which closed on September 7, 2022
• 1,150,000 warrants were issued pursuant to a private placement which closed on September 12, 2022
• 6,875,000 warrants were issued pursuant to a private placement which closed on November 1, 2022
• 8,008,750 warrants, including 850,000 warrants issued to insiders, were issued as part of a private placement that closed on May 10, 2023
• 16,053,750 warrants, including 528,750 warrants issued to insiders, were issued from a private placement that closed on May 16, 2023.

Each of these warrants entitles the holder thereof to acquire one common share of the Company at a price of $0.30 per common share. Holders of Warrants who wish to exercise their warrants must forward a copy of the original warrant certificate to our office (Attn: Unigold Corporate Secretary) at the address above. Alternatively, an electronic scan or the electronic certificate may be sent to the email address below. In all cases the warrant exercise form that is attached to the warrant must be included and the funds must be received before the close of business March 31, 2026 to ensure issuance of the shares.

For further information, please contact your transfer agent or:

Unigold Corporate Secretary
unigold@grovecorp.ca
T. (416) 866-8157

Forward-Looking Statements
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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/287869

FAQ

When do Unigold (UGDIF) warrants expire and what is the deadline to exercise them?

The warrants expire on March 31, 2026 and must be exercised before close of business that day. According to the company, funds and the completed exercise form must be received by the deadline to ensure issuance of shares.

How many Unigold (UGDIF) warrants are outstanding and what is the exercise price?

There are 53,433,675 warrants outstanding, each exercisable at $0.30 per common share. According to the company, these warrants resulted from several private placements between 2021 and 2023.

What are the steps to exercise Unigold (UGDIF) warrants before March 31, 2026?

Send the original or electronic warrant certificate plus the attached exercise form and payment before close of business on March 31, 2026. According to the company, scanned certificates may be emailed and the transfer agent can assist with processing.

What is the potential cash inflow to Unigold (UGDIF) if all warrants are exercised?

If fully exercised at $0.30 each, proceeds would total approximately $16.03 million. According to the company, this assumes all 53,433,675 warrants are converted into common shares at the stated exercise price.