Monday, September 23, 2019

Unigold Inc. - UGD.v

Unigold Inc. - UGD.v is focused on the flagship Neita concession in the Dominican Republic.

Unigold has been actively involved in exploration in the Dominican Republic for the past decade and is concentrated within the 75km-wide Cretaceous-age Tireo-formation volcano sedimentary rocks, known for hosting major deposits.
On September 19, 2019 the Company released News

"Unigold Inc. is pleased to announce that it has closed its previously announced private placement of 32,350,000 units of the Company at a price of $0.10 per Unit for gross proceeds of C$3,250,500. The funds will be used for continued exploration on the Neita Concession as the Company seeks to enlarge the known mineralization, and expand on the last results reported in 2016.

The proceeds from the Private Placement will be used to fund the Company's continued exploration and development of its gold assets in the Dominion Republic, and for general working capital purposes.