Unigold Announces the Appointment of Steve Haggarty to the Board of Directors
June 01 2021 - 6:45AM
Unigold Inc. (“Unigold” or the “Company”) (TSX-V:UGD; OTCQX: UGDIF;
FSE:UGB1) is pleased to announce that the Board of Directors has
appointed Mr. Steve Haggarty to the Board of the Company.
Mr. Steve Haggarty, P.Eng., is the Managing
Director of Haggarty Technical Services Corp., a consulting
engineering company providing project, process and risk management
services to the mining industry. Prior to forming Haggarty
Technical Services, Mr. Haggarty had a lengthy 40 year career with
companies including Barrick Gold, Homestake Mining, International
Corona and Teck Corporation. His metallurgical background and
operational experience includes copper, molybdenum, gold, silver
and PGM group metals at mining operations involving copper SX-EW,
flotation, heap leaching, pressure oxidation, roasting and CIL
recovery plants. Mr. Haggarty is a member of the Professional
Engineers of Ontario and the Canadian Institute of Mining and
Metallurgy. He is a graduate of McGill University with a degree in
Metallurgical Engineering.
Joseph Hamilton, Chairman and CEO of Unigold
commented, “On behalf of the Board, I would like to welcome Steve
to Unigold. His depth of project experience and metallurgical
knowledge enhances the ability of the Board to guide management as
we continue to unlock value at Candelones. Our recent PEA on our
oxide project, and the recent multi-million ounce Mineral Resource
Estimate for the sulphides sets the basis for future planning.
Steve’s innovative experience in both heap leaching and sulphide
processing will help on all fronts as we continue to move our
projects up the value chain.”
The Company also announces that the Board of
Directors has approved the grant of stock options ("Options") to
directors of the Company allowing for the acquisition of an
aggregate of up to 200,000 common shares of the Company ("Shares")
with an exercise price of $0.22 per Share and an expiry date of
June 1, 2026. The options vest immediately. The grant of Options
were issued pursuant and subject to the terms and conditions of the
Company's stock incentive plan and TSX Venture Exchange
policies.
About Unigold Inc. – Discovering Gold in the
CaribbeanUnigold is a Canadian based mineral exploration
company traded on the TSX Venture Exchange under the symbol UGD,
the OTCQX exchange under the symbol UGDIF, and on the Frankfurt
Stock Exchange under the symbol UGB1. The Company is focused
primarily on exploring and developing its gold assets in the
Dominican Republic. The Candelones oxide gold deposit is within the
100% owned Neita Fase II exploration concession located in Dajabón
province, in the northwest part of the Dominican Republic. The
Candelones project area is about 20 kilometers south of the town of
Restauraćion. The oxide deposit occurs at surface as a result of
the tropical weathering of underlying mineralization. Unigold has
been active in the Dominican Republic since 2002 and remains the
most active exploration Company in the country. The Neita Fase II
exploration concession is the largest single exploration concession
covering volcanic rocks of the Cretaceous Tireo Formation. This
island arc terrain is host to Volcanogenic Massive Sulphide
deposits, Intermediate and High Sulphidation Epithermal Systems and
Copper-gold porphyry systems. Unigold has identified over 20 areas
within the concession area that host surface expressions of gold
systems. Unigold has been concentrating on the Candelones
mineralization and continues to expand the deeper sulphide
resources with on-going drilling.
Forward-looking
StatementsCertain statements contained in this document,
including statements regarding events and financial trends that may
affect our future operating results, financial position and cash
flows, may constitute forward-looking statements within the meaning
of the federal securities laws. These statements are based on our
assumptions and estimates and are subject to risk and
uncertainties. You can identify these forward-looking statements by
the use of words like “may”, “interpreted”, “strategy”, “expects”,
“plans”, “believes”, “will”, “estimates”, “intends”, “projects”,
“goals”, “targets”, and other words of similar meaning. You can
also identify them by the fact that they do not relate strictly to
historical or current facts. We wish to caution you that such
statements contained are just predictions or opinions and that
actual events or results may differ materially. The forward-looking
statements contained in this document are made as of the date
hereof and we assume no obligation to update the forward-looking
statements, or to update the reasons why actual results could
differ materially from those projected in the forward-looking
statements. Where applicable, we claim the protection of the safe
harbour for forward-looking statements provided by the (United
States) Private Securities Litigation Reform Act of 1995.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
For further information please visit www.unigoldinc.com or contact:
Mr. Joseph Hamilton
Chairman & CEO
jhamilton@unigoldinc.com
416.866.8157
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