Unigold Proposes to Extend Warrants
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) (OTCQB: UGDIF) ha annunciato piani per estendere le date di scadenza dei suoi certificati di acquisto di azioni. L'azienda propone di estendere 16.629.167 certificati fino al 23 giugno 2025 e 53.433.675 certificati fino al 31 dicembre 2025. Tutti i certificati mantengono il loro prezzo di esercizio di $0,30 per azione ordinaria.
I certificati sono stati emessi attraverso vari collocamenti privati tra il 2020 e il 2023. Una parte di questi certificati (3.797.660) è detenuta da parti correlate, costituendo una transazione con parti correlate. Le estensioni dei certificati sono soggette all'approvazione della TSX Venture Exchange e la società presenterà un rapporto di modifica sostanziale al ricevimento dell'approvazione.
Unigold Inc. (TSXV: UGD) (OTCQB: UGDIF) ha anunciado planes para extender las fechas de vencimiento de sus warrants de compra de acciones. La compañía propone extender 16,629,167 warrants hasta el 23 de junio de 2025, y 53,433,675 warrants hasta el 31 de diciembre de 2025. Todos los warrants mantienen su precio de ejercicio de $0.30 por acción ordinaria.
Los warrants se emitieron a través de varias colocaciones privadas entre 2020 y 2023. Una parte de estos warrants (3,797,660) están en manos de partes relacionadas, constituyendo una transacción con partes relacionadas. Las extensiones de los warrants están sujetas a la aprobación de la TSX Venture Exchange y la compañía presentará un informe de cambio material al recibir la aprobación.
유니골드 주식회사 (TSXV: UGD) (OTCQB: UGDIF)는 주식 매수 증권의 만료 날짜를 연장할 계획을 발표했습니다. 회사는 16,629,167개의 증권을 2025년 6월 23일까지, 53,433,675개의 증권을 2025년 12월 31일까지 연장할 것을 제안하고 있습니다. 모든 증권은 주당 $0.30의 행사 가격을 유지합니다.
이 증권은 2020년에서 2023년 사이에 여러 사모 배정을 통해 발행되었습니다. 이 증권 중 일부(3,797,660개)는 관계자에 의해 보유되고 있으며, 이는 관계자 거래를 구성합니다. 증권 연장은 TSX 벤처 거래소의 승인을 받아야 하며, 회사는 승인을 받은 후 중요한 변경 보고서를 제출할 것입니다.
Unigold Inc. (TSXV: UGD) (OTCQB: UGDIF) a annoncé des plans pour prolonger les dates d'expiration de ses warrants d'achat d'actions. La société propose de prolonger 16 629 167 warrants jusqu'au 23 juin 2025 et 53 433 675 warrants jusqu'au 31 décembre 2025. Tous les warrants conservent leur prix d'exercice de 0,30 $ par action ordinaire.
Les warrants ont été émis lors de diverses placements privés entre 2020 et 2023. Une partie de ces warrants (3 797 660) est détenue par des parties liées, constituant une transaction avec des parties liées. Les prolongations de warrants sont soumises à l'approbation de la TSX Venture Exchange, et la société déposera un rapport de changement matériel dès qu'elle recevra l'approbation.
Unigold Inc. (TSXV: UGD) (OTCQB: UGDIF) hat Pläne angekündigt, die Fälligkeitstermine seiner Aktienkaufwarrants zu verlängern. Das Unternehmen schlägt vor, 16.629.167 Warrants bis zum 23. Juni 2025 und 53.433.675 Warrants bis zum 31. Dezember 2025 zu verlängern. Alle Warrants behalten ihren Ausübungspreis von 0,30 $ pro Stammaktie bei.
Die Warrants wurden durch verschiedene Privatplatzierungen zwischen 2020 und 2023 ausgegeben. Ein Teil dieser Warrants (3.797.660) ist im Besitz von verbundenen Parteien, was eine Transaktion mit verbundenen Parteien darstellt. Die Verlängerung der Warrants unterliegt der Genehmigung der TSX-Venture-Börse, und das Unternehmen wird nach Erhalt der Genehmigung einen wesentlichen Änderungsbericht einreichen.
- None.
- The warrant extension could indicate challenges in raising capital at current market conditions
- The $0.30 exercise price remains unchanged despite potential market value changes since issuance
Toronto, Ontario--(Newsfile Corp. - December 6, 2024) - Unigold Inc. (TSXV: UGD) (OTCQB: UGDIF) (FSE: UGB1) ("Unigold" or the "Company") announces that the Company intends to extend the expiry dates 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 Company intends to extend 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.
The Company has made an application to the TSX Venture Exchange (the "TSXV") in respect of the Warrant Extensions. The Warrant Extensions are subject to the approval of the TSXV.
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/232761
FAQ
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