Unigold - UGDIF STOCK NEWS

Unigold Inc. (TSXV: UGD) (OTCQB: UGDIF) has received TSX-V approval to extend the expiry dates of multiple share purchase warrants. The first extension involves 16,629,167 warrants to June 23, 2025, while the second extends 53,433,675 warrants to December 31, 2025. All warrants maintain their exercise price of $0.30 per common share.

The extensions cover warrants from multiple private placements conducted between 2020 and 2023. Notably, 3,797,660 warrants are held by related parties, constituting a related party transaction under regulatory guidelines. However, formal valuation and minority approval requirements are exempt as the warrants' fair market value held by insiders is below 25% of the company's market capitalization.

Unigold Inc. (TSXV: UGD) (OTCQB: UGDIF) has announced plans to extend the expiry dates of its share purchase warrants. The company proposes to extend 16,629,167 warrants to June 23, 2025, and 53,433,675 warrants to December 31, 2025. All warrants maintain their exercise price of $0.30 per common share.

The warrants were issued through various private placements between 2020 and 2023. A portion of these warrants (3,797,660) are held by related parties, constituting a related party transaction. The warrant extensions are subject to TSX Venture Exchange approval, and the company will file a material change report upon receiving approval.

Unigold Inc. (TSXV: UGD) announces significant progress in accelerating the timeline for its Candelones Gold Project in the Dominican Republic. Recent regulatory changes now allow the company to proceed directly with the Environmental and Social Impact Assessment (ESIA) process before receiving the exploitation concession. The company submitted its application for the exploitation concession in early 2022, and following positive technical reviews, it reached the President's office with favorable recommendations in late 2023. The final approval will grant Unigold 75-year mineral extraction rights. The ESIA process, which includes community consultations, is expected to be completed in 2026, with baseline work showing no environmental concerns.

Unigold has received approval from the TSX-V to extend the expiry dates for 46,000,342 share purchase warrants to December 31, 2024. These warrants allow holders to buy one common share at $0.30 per share, with all other terms unchanged.

The warrants originate from private placements completed between June 2020 and November 2022. Of these, 2,418,910 warrants belong to insiders, making this a related party transaction under Multilateral Instrument 61-101 and TSXV Policy 5.9. However, formal valuation and minority approval are not required as the market value does not exceed 25% of Unigold's market capitalization.

Unigold announces its intention to extend the expiry dates of 46,000,342 share purchase warrants to December 31, 2024. These warrants, allowing holders to buy one common share at $0.30 each, were issued during private placements in 2020, 2021, and 2022. Approximately 2.4 million of these warrants are held by related parties, making the extension a related party transaction under Multilateral Instrument 61-101. This extension is subject to approval by the TSX Venture Exchange (TSXV). If approved, a material change report will be filed.

Unigold has successfully closed a non-brokered private placement, raising $1,493,450 through the issuance of 18,668,125 units at $0.08 per unit. Each unit includes one common share and one-half of a share purchase warrant, with each whole warrant exercisable at $0.12 until four years from issuance.

The company closed the first tranche on May 13, 2024, and the final tranche on June 5, 2024, issuing 15,556,250 units for $1,244,500. No finders’ fees were paid. Proceeds will be used for exploration and development on the Neita Concession in the Dominican Republic and general working capital.

Insiders, including director Normand Tremblay, participated in the offering, which qualifies as a related party transaction under MI 61-101.

Unigold has extended the deadline for its non-brokered private placement initially announced on March 22, 2024. The new closing date is set for June 30, 2024. The private placement aims to raise up to $2,000,000 by issuing up to 25,000,000 units at $0.08 per unit. Each unit includes one common share and one-half warrant, with each whole warrant exercisable at $0.12 for four years post-issue. The first tranche has closed, yielding $248,950 from 3,111,875 units. Proceeds will fund exploration and development at Unigold's Neita Concession in the Dominican Republic and general working capital. The offering is subject to TSX Venture Exchange approval and other regulatory conditions.

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.