International Finance purchases units of one share and 0.75 warrants
By Devika Patel
Knoxville, Tenn., June 11 - Unigold Inc. said it settled a C$5 million private placement of units with International Finance Corp.
The company sold 20 million units of one common share and 0.75 warrants at C$0.25 per unit.
Each whole warrant will be exercisable at C$0.50 until June 10, 2017. The strike price reflects a 284.62% premium to the June 10 closing share price of C$0.13.
Toronto-based Unigold is a gold exploration company.
| Issuer: | Unigold Inc.
|
| Issue: | Units of one common share and 0.75 warrants
|
| Amount: | C$5 million
|
| Units: | 20 million
|
| Price: | C$0.25
|
| Warrants: | 0.75 warrants per unit
|
| Warrant expiration: | June 10, 2017
|
| Warrant strike price: | C$0.50
|
| Investor: | International Finance Corp.
|
| Settlement date: | June 11
|
| Stock symbol: | TSX Venture: UGD
|
| Stock price: | C$0.13 at close June 10
|
| Market capitalization: | C$24.61 million
|
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