The only thing I can see keeping this from taking is the final line from the details of the March 8th Private placement....
TORONTO, Ontario: Unigold Inc. (TSXV: UGD) (the "Company" or "Unigold") is pleased to announce the closing of its previously announced private placement of 35,053,300 units of the Company (the "Units") at a price of Cdn
.30 per Unit for aggregate gross proceeds of Cdn$10,515,990 (the "Offering"). The Offering was undertaken by a syndicate of underwriters led by Dundee Securities Ltd. together with Primary Capital Inc. as co-lead, and including Stifel Nicolaus Canada Inc., Clarus Securities Inc. and PowerOne Capital Markets Limited (collectively the "Underwriters").
Each Unit consisted of one common share of the Company and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder thereof to acquire one common share of the Company (the "Warrant Shares") at a price of
.50 until March 8, 2014.
As compensation for the services they rendered in connection with the Offering, the Underwriters received a cash commission in the aggregate amount of Cdn$718,620 and an aggregate of 2,395,400 non-transferable broker warrants of the Company (the "Broker Warrants"), with each Broker Warrant entitling the holder thereof to purchase one common share of the Company at a price of Cdn
.30 at any time until March 8. 2014. The net proceeds of the Offering will be used by the Company to advance the exploration and development of the Company’s gold assets in the Dominican Republic and for general corporate purposes.
All securities issued under or in connection with the Offering are subject to a hold period in Canada until July 9, 2012.
thats alot of shares (at a good profit) to become available.
Eagerly awaiting the next set of results "with visible gold"
Mike