Unigold Inc. Closes $5,000,000 Private Placement with IFC

Unigold Inc. (TSXV:UGD) announced the closing of the previously announced private placement of securities to International Finance Corporation for CAD$5,000,000.

As quoted in the press release:

The Private Placement resulted in the issuance of 20,000,000 units (“Units”) at a price of $0.25 per Unit. Each Unit was composed of one common share of Unigold and three-quarters (¾) of one common share purchase warrant (each whole warrant a “Warrant”). Each Warrant will entitle the holder thereof to purchase one common share of Unigold (a “Warrant Share”) at an exercise price of CAD$0.50 until June 10, 2017, subject to Unigold’s right to accelerate the expiration of the warrants in certain circumstances.

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