Unigold Announces TSXV Approves Warrant Extensions
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) ha ricevuto l'approvazione dalla TSX-V per estendere le date di scadenza di più warrant per l'acquisto di azioni. La prima estensione riguarda 16.629.167 warrant fino al 23 giugno 2025, mentre la seconda estende 53.433.675 warrant fino al 31 dicembre 2025. Tutti i warrant mantengono il prezzo di esercizio di $0,30 per azione comune.
Le estensioni coprono i warrant provenienti da più collocamenti privati effettuati tra il 2020 e il 2023. Notabile è il fatto che 3.797.660 warrant siano detenuti da parti correlate, costituendo una transazione tra parti correlate secondo le linee guida di regolamento. Tuttavia, i requisiti per una valutazione formale e l'approvazione della minoranza sono esenti poiché il valore di mercato equo dei warrant detenuti da insider è inferiore al 25% della capitalizzazione di mercato dell'azienda.
Unigold Inc. (TSXV: UGD) (OTCQB: UGDIF) ha recibido la aprobación de la TSX-V para extender las fechas de vencimiento de múltiples garantías de compra de acciones. La primera extensión involucra 16,629,167 garantías hasta el 23 de junio de 2025, mientras que la segunda extiende 53,433,675 garantías hasta el 31 de diciembre de 2025. Todas las garantías mantienen su precio de ejercicio de $0.30 por acción ordinaria.
Las extensiones cubren garantías de múltiples colocaciones privadas realizadas entre 2020 y 2023. Notablemente, 3,797,660 garantías están en manos de partes relacionadas, constituyendo una transacción entre partes relacionadas según las pautas regulatorias. Sin embargo, los requisitos de valoración formal y aprobación de minorías están exentos, ya que el valor de mercado justo de las garantías en manos de personas internas está por debajo del 25% de la capitalización de mercado de la empresa.
유니골드 주식회사 (TSXV: UGD) (OTCQB: UGDIF)는 TSX-V로부터 여러 주식 매입 보증서의 만료 날짜 연장에 대한 승인을 받았습니다. 첫 번째 연장은 16,629,167개의 보증서를 2025년 6월 23일까지 연장하는 것이며, 두 번째 연장은 53,433,675개의 보증서를 2025년 12월 31일까지 연장합니다. 모든 보증서는 보통주당 $0.30의 행사 가격을 유지합니다.
이번 연장은 2020년부터 2023년 사이에 실시된 여러 사모 배정에서 나온 보증서를 포함합니다. 주목할 만한 것은 3,797,660개의 보증서가 관련 당사자에 의해 보유되고 있다는 점으로, 이는 규제 지침에 따라 관련 당사자 거래로 간주됩니다. 그러나 보증서의 공정 시장 가치가 회사의 시장 자본금의 25% 미만이므로 공식적인 평가 및 소수 승인 요건은 면제됩니다.
Unigold Inc. (TSXV : UGD) (OTCQB : UGDIF) a reçu l'approbation de la TSX-V pour prolonger les dates d'expiration de plusieurs bons de souscription d'actions. La première prolongation concerne 16 629 167 bons jusqu'au 23 juin 2025, tandis que la seconde prolonge 53 433 675 bons jusqu'au 31 décembre 2025. Tous les bons conservent leur prix d'exercice de 0,30 $ par action ordinaire.
Les prolongations couvrent des bons issus de plusieurs placements privés réalisés entre 2020 et 2023. Il est à noter que 3 797 660 bons sont détenus par des parties liées, ce qui constitue une transaction entre parties liées selon les directives réglementaires. Cependant, les exigences en matière d'évaluation formelle et d'approbation des minorités sont exonérées, car la juste valeur marchande des bons détenus par les initiés est inférieure à 25 % de la capitalisation boursière de l'entreprise.
Unigold Inc. (TSXV: UGD) (OTCQB: UGDIF) hat die Genehmigung von TSX-V erhalten, um die Ablaufdaten mehrerer Aktienkaufwarrants zu verlängern. Die erste Verlängerung betrifft 16.629.167 Warrants bis zum 23. Juni 2025, während die zweite 53.433.675 Warrants bis zum 31. Dezember 2025 verlängert. Alle Warrants behalten ihren Ausübungspreis von 0,30 $ pro Stammaktie bei.
Die Verlängerungen betreffen Warrants aus mehreren Privatplatzierungen, die zwischen 2020 und 2023 durchgeführt wurden. Bemerkenswert ist, dass 3.797.660 Warrants von nahestehenden Parteien gehalten werden, was eine Transaktion zwischen nahestehenden Parteien gemäß den regulatorischen Richtlinien darstellt. Allerdings sind die Anforderungen an eine formelle Bewertung und die Genehmigung durch die Minderheit aufgrund des fairen Marktwerts der von Insidern gehaltenen Warrants, der unter 25 % der Marktkapitalisierung des Unternehmens liegt, von der Verpflichtung befreit.
- Extension of warrant expiry dates provides additional time for potential capital raising
- Maintenance of $0.30 exercise price across all warrants provides consistency for investors
- Large number of potential dilutive securities (70,062,842 warrants) if exercised
- Significant insider warrant holdings (3,797,660 warrants) could impact market dynamics
Toronto, Ontario--(Newsfile Corp. - December 30, 2024) - Unigold Inc. (TSXV: UGD) (OTCQB: UGDIF) (FSE: UGB1) ("Unigold" or the "Company") announces that the TSX-V has approved the extension of the expiry date of a total of 16,629,167 share purchase warrants to June 23, 2025. Each of these warrants entitles the holder thereof to acquire one common share of the Company at a price of
In addition, the TSX-V has approved the extensions of the expiry dates of a total of 53,433,675 share purchase warrants to December 31, 2025. Each of these warrants entitles the holder thereof to acquire one common share of the Company at a price of
- 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.
A total of 3,797,660 warrants are held by parties who are considered to be "related parties" of the Company. Therefore, the amendment of these 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
For further information please visit http://www.unigoldinc.com or contact:
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/235529
FAQ
How many warrants did UGDIF extend in the December 2024 announcement?
What is the exercise price for UGDIF's extended warrants?
How many UGDIF warrants are held by company insiders?
When were the original private placements conducted for these UGDIF warrants?
