Phoenix Gold Fund Limited acquires shares in Unigold Inc.
August 12 2021 - 11:58AM
Phoenix Gold Fund Limited
(“
Phoenix”) of Kuala Lumpur, Malaysia, announces
it has acquired an aggregate of 11,500,000 common shares at an
average price of $0.13 and 5,750,000 common share purchase warrants
of Unigold Inc (the “
Issuer”) on August 10, 2021
pursuant to a non-brokered private placement (the
“
Offering”). Phoenix acquired the common shares at
a price of C$0.13 per share for a total purchase price of
C$1,495,000. The Issuer’s office is located at One First Canadian
Place, Suite 3400 Toronto, Ontario, M5X 1A4.
Immediately prior to the acquisition, Phoenix
owned 1,002,500 common shares of the Issuer. As a result of the
acquisition, Phoenix now owns 12,502,500 common shares and
5,750,000 common share purchase warrants of the Issuer,
representing approximately 8.02% of all issued and outstanding
shares of the Issuer on an undiluted basis. In the event that the
warrants of the Issuers are fully exercised, the holdings of
Phoenix represent a total of 18,252,500 common shares of the Issuer
or approximately 11.29% of all issued and outstanding shares of the
Issuer on a partially diluted basis and 9.29% of the issued and
outstanding shares of the Issuer on a fully diluted basis. The
holdings above are calculated as of August 10, 2021 assuming no
further common shares of the Issuer have been issued.
Phoenix acquired the securities for investment
purposes. Phoenix may, in the future, participate in financings
and/or acquire or dispose of securities of the Issuer in the
market, privately or otherwise, subject to a number of factors,
including general market conditions and other available investment
and business opportunities.
The disclosure respecting Phoenix’s
shareholdings contained in this press release is made pursuant to
National Instrument 62-104 and a report respecting the above
acquisition will be filed with the applicable securities
commissions using the Canadian System for Electronic Document
Analysis and Retrieval (SEDAR) and will be available for viewing at
www.sedar.com.
For further information please contact: |
|
|
Mr. Joseph HamiltonChairman & CEOUnigold Inc.(416)
866-8157 |
|
Eileen SimCompliance OfficerPhoenix Gold
Fund+60-3-2381-1660 |
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