BRIEF-Unigold increases size of previously announced private placement to c$4 million

Wed May 11, 2016 7:45am EDT
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May 11 (Reuters) - Unigold Inc

* Unigold inc says has increased size of its previously announced private placement, disclosed in a press release dated may 2, 2016, from c$2.5 million to c$4 million

* Proceeds from increased offering will be used to fund company's continued exploration and development of its gold assets in dominican republic

* Under increased offering, company may issue up to about 13.3 million units of company at a price of c$0.30 per unit

* Unigold announces increase to brokered private placement Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)