UNIGOLD INC. ("UGD")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: June 29, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced May 11, 2016:
Number of Shares: 16,000,000 common shares
Purchase Price: $0.30 per share
Warrants: 16,000,000 share purchase warrants attached to purchase 16,000,000 shares
Warrant Exercise Price: $0.45 for a three year period
Number of Placees: 30 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Evanachan Limited Y 3,333,334
Joseph Hamilton Y 80,000
Osisko Gold Royalties Ltd. Y 1,628,000
Aggregate Pro Group Involvement P 588,334
[5 Placees]
Brokers' Fees: an aggregate of $343,324 plus 1,120,000 brokers' warrants (each exercisable into one unit at a price of $0.30 for three year period. Each unit is comprised of one share and one warrant at the same terms as above) is payable to M Partners Inc. and Primary Capital Inc.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company has issued a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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