Unigold Announces Closing of Non-Brokered Private Placement of $1,470,060

Core Viewpoint - Unigold Inc. has successfully closed a non-brokered private placement, raising gross proceeds of $1,470,060 through the issuance of 8,167,000 units at a price of $0.18 per unit, which will be used for exploration and development activities in the Dominican Republic [1][2]. Group 1: Offering Details - The private placement consists of units, each comprising one common share and one-half of a common share purchase warrant, with each warrant allowing the purchase of one common share at an exercise price of $0.22 for two years [1]. - The offering is subject to a four-month hold period and requires final acceptance from the TSX Venture Exchange [2]. Group 2: Insider Participation - Significant insider participation includes subscriptions from directors Andrés Marranzini and Juana Barcelo, who purchased a total of 7,000,000 units [2]. - The transactions involving insiders are classified as related party transactions under Multilateral Instrument 61-101, and the company will file a material change report regarding these transactions [2]. Group 3: Use of Proceeds - Proceeds from the offering will primarily fund continued exploration and development on the Neita Sur Concession in the Dominican Republic, as well as general working capital [2]. Group 4: Company Overview - Unigold is a Canadian mineral exploration company focused on gold deposits in the Caribbean, particularly the Candelones gold deposits within the Neita Sur concession [4]. - The company has been active in the Dominican Republic since 2002 and has received strong local community support for its exploration and development efforts [4]. - The Neita Sur concession is part of a larger area that includes the Neita Norte Exploration Concession, which was awarded in Q2 2023, and has a partnership with Barrick Gold for further exploration [4].