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To: Andrew~ who wrote (18018)	5/11/2016 8:26:37 AM
From: Goose94	Read Replies (1) \| Respond to of 203644

Unigold (UGD-V) Announces Increase to Brokered PP $2.5 to $4 million May 11, '16 - NR Unigold is pleased to announce that it has increased the size of its previously announced private placement, disclosed in a press release dated May 2, 2016, from C$2,500,000 to C$4,000,000 (the "Increased Offering"). Under the Increased Offering, the Company may issue up to 13,333,333 units of the Company (the "Units") at a price of C$0.30 per Unit. Units issued pursuant to the Increased Offering will be sold by a syndicate of agents appointed by the Company including M Partners Inc., as lead agent, and Primary Capital Inc. (collectively, the "Agents"). Each Unit will consist of one common share of the Company (a "Unit Share") and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one common share of the Company (a "Warrant Share" and together with the Units, Unit Shares, and Warrants, the "Securities") for a period of 24 months from the closing date of the Increased Offering (subject to early expiry as described below) at a price of C$0.45 per Warrant Share. Unigold has also granted the Agents an option, exercisable in whole or in part any time up to 48 hours before the closing of the Increased Offering, to further increase the size of the Increased Offering by up to 20% (the "Upsized Option") based on the number of Units sold pursuant to the Increased Offering on the same terms and conditions as the Increased Offering. In the event that the maximum number of Units is issued under the Increased Offering, and the Upsized Option is exercised in full, an aggregate of 16,000,000 Units will be issued under the Increased Offering resulting in aggregate gross proceeds of C$4,800,000. The proceeds from the Increased Offering will be used to fund the Company's continued exploration and development of its gold assets in the Dominican Republic, and for general working capital purposes. Pursuant to the terms of the Warrants, the Company will have the right to accelerate the expiry date of the Warrants on notice to the Warrant holders if the closing price of the Company's common shares on a stock exchange in Canada is higher than C$0.90 per common share for more than 20 consecutive trading days after four months and one day from the closing date of the Increased Offering, in which case the Warrants will expire 30 days after the date on which such notice is given. The Securities to be issued pursuant to the Increased Offering will be offered pursuant to applicable exemptions from the prospectus requirements under applicable securities laws. Closing of the Increased Offering is anticipated to occur on or about May 18, 2016 and is subject to receipt of all required regulatory approvals including the approval of the TSX Venture Exchange. The Securities issued under the Increased Offering will be subject to a four month hold period which will expire four months and one day from the date of closing of the Increased Offering. About Unigold Inc. - Discovering Gold in the Caribbean Unigold is a Canadian based mineral exploration company traded on the TSX Venture Exchange under the symbol UGD, focused primarily on exploring and developing its gold assets in the Dominican Republic. For further information please visit www.unigoldinc.com. Unigold Inc. Mr. Joseph Del Campo, Interim President & CEO 416.866.8157 jdelcampo@unigoldinc.com