Unigold Inc V.UGD

Alternate Symbol(s): UGDIF

Metals & Mining Gold

Unigold Inc. is a junior natural resource company. The Company is in the business of exploring its mineral concession properties in the Dominican Republic (DR). It is focused on exploring and developing its significant land position in the DR, within the highly prospective Cretaceous-age Tireo Formation. The Company’s Neita Concession encompasses 21,031 hectares (ha) of the Tireo Formation, a thick sequence of intermediate volcanic and volcanoclastic rocks produced by island arc volcanism that are highly prospective for Porphyry Cu and Cu-Au deposits; High to low sulphidation Au and Au-Ag epithermal deposits, and Volcanogenic Hosted Massive Sulphide (VHMS) Au-Ag-Cu-Pb-Zn deposits. Its Candelones Project is located south of the town of Restauracion in the northwestern Dajabon Province of the Dominican Republic. Its Candelones oxide gold deposit is within the 100% owned Neita Fase II exploration concession located in Dajabon province, in the northwest part of the Dominican Republic.

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Unigold Inc

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Post by Troyahorseon Aug 02, 2019 3:52pm

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Post# 29990112

NR

03:08 PM EDT, 07/29/2019 (MT Newswires) -- Unigold (UGD.V) on Monday said it is raising up to $1.5 million through a private placement of share units to fund development at its Neita Concession in the Dominican Republic.

The company said it is selling up to 15-million units, priced at $0.10 and made up of a share and one half of a two-year warrant to buy a second share for $0.15.

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