Each Warrant entitles the holder thereof to acquire one common share of the Company at a price of
A total of 1,075,850 Warrants are held by parties who are considered to be 'related parties' of the Company. Therefore, the amendment of Warrants constitutes a 'related party transaction' as contemplated by Multilateral Instrument 61-101 Protection of Minority Shareholders in Special Transactions, and TSXV Policy 5.9 - Protection of Minority Shareholders in Special Transactions. However, the exemptions from formal valuation and minority approval requirements provided for by these guidelines can be relied upon as the fair market value of the Warrants held by insiders does not exceed 25% of the market capitalization of the Company.
Contact:
Mr.
Tel: (416) 866-8157
Email: jhamilton@unigoldinc.com
Forward-looking Statements
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