IFC, member of World Bank Group, proposes to make $5 M investment in Unigold Inc.

(I-Canada-News.Com, April 16, 2013 ) TORONTO, ONTARIO -- Unigold Inc. ("Unigold") (TSX VENTURE:UGD) Highlights:



IFC, a member of the World Bank Group, is proposing to make a $5,000,000 investment in Unigold Inc.

The potential investment will be IFC's first mining sector investment in the Dominican Republic

An investment by IFC would not only be a strong endorsement of the technical strengths, socio-environmental standards and economic potential of Unigold Inc.'s Neita Project, but would also provide ongoing access to IFC's expertise in this area

An IFC equity investment would positively assist with potential future equity financing from IFC, as well as potential debt financing from IFC and other Equator Principle banks for the development of the Neita Property



The terms of the potential investment are that IFC would make a $5-million investment in the Company at a share price of a 20 day VWAP at $0.25 per share, adding to Unigold's existing cash reserves of $5.8-million. Following this investment, IFC would hold approximately 20-million common shares in the Company, representing approximately 8.2% of the issued share capital. IFC would also receive three quarters of a warrant per share subscribed for at a strike price of $0.50 per full warrant, with a 4 year term, with accelerator terms applicable to 50% of the warrants. The investment is subject to the execution of final documentation and the approval by the IFC board of directors.



Andrew Cheatle, President and CEO, said:



"The board and executive management have thoroughly considered the merits of a strategic IFC investment and have unanimously concluded that it is in the best interests of existing Unigold Inc. shareholders. Having IFC's approval to their high standard of technical, environmental and social due diligence in this investment will mark a significant endorsement to the viability of the Candelones deposit and the Neita Property in general."



The possibility that IFC will make its first mining sector investment in the Dominican Republic with Unigold will be a great achievement for the Company. Investment from IFC brings with it not only a technical and environmental endorsement of the project but also support in these areas as we develop an initial mineral resource and look to make and develop new discoveries and longer term, develop mineral reserves - all with access to their experienced team. Longer term, an IFC investment also opens up the potential of future equity financing with their support."



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.



This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities of Unigold in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or unless an exemption from such registration is available.



Cautionary Language and Forward-Looking Statements



This press release includes certain statements that may be deemed "forward-looking statements". All statements in this discussion, other than statements of historical facts, that address future exploration drilling, exploration activities, anticipated metal production, internal rate of return, estimated ore grades, commencement of production estimates and projected exploration and capital expenditures (including costs and other estimates upon which such projections are based) and events or developments that Unigold expects, are forward-looking statements. Although Unigold believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include metal prices, exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Accordingly, readers should not place undue reliance on forward-looking statements.



Neither the TSX Venture Exchange, nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.



Contacts:

Unigold Inc.

Mr. Andrew M. Cheatle, P.Geo.

President & CEO

acheatle@unigoldinc.com



Unigold Inc.

Ms. Amanda Dillon

Investor Relations

416.866.8157

adillon@unigoldinc.com



Visit Unigold Inc. Website: www.unigoldinc.com





The Information in a Stockhouse Publishing Ltd. Stockhouse News Blast is A PAID ADVERTISEMENT and is for the viewers information only. Unigold Inc. has paid a fee not exceeding $2500.00 in cash or stock to have their corporate information featured. The corporate information is purely and solely the responsibility of Unigold Inc. and it is neither commented upon, researched, or in any manner the responsibility of Stockhouse Publishing Ltd., whose only function is as a supplier of media facilities. Any information provided by the advertisers of Stockhouse Publishing Ltd., through its media services, is not to be construed as a recommendation or suggestion or offerto buy or sell securities, but is provided purely as an informational media service. Stockhouse Publishing Ltd. makes no warranties or undertakings as to the accuracy or completeness of this information. All due diligence should be done by the reader or their financial advisor. Investing in securities is speculative and carries risk. Persons who wish to buy or sell securities should only do so in consultation with their registered securities advisers.

Unigold Inc.

Mr. Andrew M. Cheatle, P.Geo.

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acheatle@unigoldinc.com

Source: EmailWire.Com