Unigold (TSE:UGD) has released an update.
Unigold Inc. has received approval from the TSX-V to extend the expiry dates of nearly 46 million share purchase warrants until December 31, 2024, maintaining the exercise price at $0.30 per share. These warrants were initially issued across five separate private placements between June 2020 and November 2022. The extension also includes warrants held by related parties, which constitute a related party transaction under certain securities regulations, though the company meets the criteria for exemption from more stringent formal valuation and minority approval requirements.
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