Unigold Inc. announced a non-brokered private placement of up to 25,000,000 units of the company at a price of CAD 0.08 per unit for the gross proceeds of CAD 2,000,000 on March 22, 2024. Each unit will consist of one common share of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share at an exercise price of CAD 0.12 until four years following the date of issue.

Finder's fees may be paid in connection with the completion of the offering in accordance with TSX Venture Exchange policies. Closing of the offering may be completed in multiple tranches and is subject to certain closing conditions including, but not limited to, conditional approval from the TSX Venture Exchange and receipt of any other required regulatory approvals. The securities being offered under the Offering will be issued pursuant to applicable exemptions from the prospectus requirements under applicable securities laws and will be subject to a hold period that will expire four months and one day from the date of issue.