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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.