Unity Energy Corp. Closes First Tranche of Private Placement
#313-515 W est Pender Street, Vancouver, BC Canada V6B 6H5
www.unityenergycorp.com
NEWS RELEASE
UNITY ENERGY CORP. CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT
Vancouver, Canada – October 25, 2018 – Unity Energy Corp. (the “Company”) (TSXV: UTY) is pleased to announce that it has closed an initial tranche of its non-brokered private placement for gross proceeds of $271,800. In connection with closing of this tranche, the Company issued 3,020,000 units (each, a “Unit”) at a price of $0.09 per Unit. Each “Unit” consists of one common share and one transferrable common share purchase warrant exercisable at a price of $0.13 for a period of thirty-six months.
No finders’ fees or commissions were paid in connection with closing of this initial tranche of the placement. All securities issued in connection with the placement are subject to a four-month-and-oneday statutory hold period. The Company anticipates closing a further tranche of the placement and will provide additional information regarding this final tranche as soon as it becomes available.
About the Company
Unity Energy Corp. is a Vancouver- based gold exploration company and for more information, contact the Company at (604) 681-0004 or visit www.unityenergycorp.com.
On behalf of the Company,
Peter Born Peter Born, President
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.