Business News • MarketWire • Evanachan Limited Discloses Holdings in Unigold Inc. |
Evanachan Limited Discloses Holdings in Unigold Inc. |
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Evanachan Limited Discloses Holdings in Unigold Inc.
TORONTO, ONTARIO--(Marketwired - May 25, 2016) - Evanachan Limited ("Evanachan") announces that, pursuant to a subscription agreement (the "Subscription Agreement") dated May 25, 2016 between Evanachan and Unigold Inc. ("Unigold" or the "Company"), it has acquired 3,333,334 units of the Company (the "Units") by way of private placement (the "Private Placement"). Pursuant to the terms and conditions of the Subscription Agreement, Evanachan paid C$0.30 per Unit for an aggregate acquisition cost of C$1,000,000.20. Each Unit acquired by Evanachan pursuant to the Private Placement consists of one common share of the Company and one common share purchase warrant of the Company (a "Warrant"). Each Warrant entitles Evanachan to purchase one common share of the Company until May 25, 2018 at a price of $C0.45. Evanachan is an investment company wholly-owned by Robert R. McEwen.
View More : http://www.marketwired.com/mw/release.do?id=2128573&sourceType=3
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