Unigold Inc. Secures Funds for Exploration

Unigold (TSE:UGD) has released an update.

Unigold Inc. has successfully completed a second non-brokered private placement, raising $1,493,450 through the sale of over 18.6 million units to fund their continued exploration in the Dominican Republic and for general capital purposes. Each unit, priced at $0.08, contains one common share and a half-warrant, with each whole warrant allowing the purchase of an additional common share at $0.12 within four years. Notably, the offering included participation from company insiders without finders’ fees, and the securities are subject to a four-month hold period and final regulatory approval.

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