1.68 m to ft

TDG Gold Corp. Closes $1.6M Second Tranche Private Placement

TDG Gold Corp (TSXV:TDG) (the "Company" or "TDG") has closed the second tranche of its non-brokered private placement (the "Offering"), through the issuance of 1,075,000 units (each, a "NFT Unit") at a price of C$0.50 per NFT Unit and 1,993,182 flow-through units (each, a "FT Unit") at a price of C$0.55 per FT Unit raising proceeds totaling C$1,633,750 (the "Offering"). The first tranche closed on December 16, 2021, bringing the total of tranche one and two to 1,716,000 NFT Units and 5,327,182 FT Units for gross proceeds of $3,787,950

As previously announced on November 10 and December 13, 2021, each NFT Unit and each FT Unit are comprised of one common share and one-half of one share purchase warrant (each whole warrant, a "Warrant"). One Warrant entitles the holder thereof to purchase one Share of the Company at a price of C$0.75 per Share for a period of twenty-four months from the closing date of the Offering (the "Closing Date").

To date the Company has paid a total of C$204,900 and issued 361,090 broker warrants ("Broker Warrants") in satisfaction of commissions and finder's fees on the Offering. The non-transferable Broker Warrants entitles the holder thereof to purchase one Share of the Company at a price of C$0.55 per Share for a period of twenty-four months from the issue date.

The Shares issued in connection with the Offering are subject to a four-month and a day hold period.

The Company intends to use the proceeds of the Offering to commission an independent estimation of the mineral resource at the Company's Shasta project, ongoing general exploration at the Company's Toodoggone projects and working capital.

TDG may elect to extend the period of the Offering, subject to TSX Venture Exchange approval.

About TDG Gold Corp.

TDG is a major mineral claim holder in the historical Toodoggone Production Corridor of north-central British Columbia, Canada, with over 23,000 hectares of brownfield and greenfield exploration opportunities under direct ownership or earn-in agreement. TDG's flagship projects are the former producing, high-grade gold-silver Shasta, Baker and Mets mines, which are all road accessible, produced intermittently between 1981-2012, and have over 65,000 m of historical drilling. In 2021, TDG has advanced the projects through compilation of historical data, new geological mapping, geochemical and geophysical surveys, and, for Shasta, drill testing of the known mineralization occurrences and their extensions. The Company has entered into a binding agreement to acquire the Nueva Esperanza silver-gold advanced exploration and development project located in the Maricunga Belt of northern Chile, subject to closing conditions being satisfied. TDG currently has 77,911,085 common shares issued and outstanding.

ON BEHALF OF THE BOARD
Fletcher Morgan
Chief Executive Officer

For further information contact:
TDG Gold Corp.,
Telephone: +1.604.536.2711
Email: info@tdggold.com

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 does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities 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 state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

This news release contains forward looking statements within the meaning of applicable securities laws. The use of any of the words "ambition", "estimate", "concluded", "offers", "objective", "may", "will", "should", "potential" and similar expressions are intended to identify forward looking statements. In particular, this news release contains forward looking statements concerning the completion of the acquisition (the "Acquisition") of the Nueva Esperanza silver-gold advanced exploration and development project (the "Project"), the completion of the Offering, the intended uses of the proceeds of the Offering,regulatory acceptance of the Acquisition, the SR Offering and the Offering, and the potential development of the Project and the Company's existing mineral properties, including the completion of feasibility studies or the making of production decisions in respect thereof. Although the Company believes that the expectations and assumptions on which the forward looking statements are based are reasonable, undue reliance should not be placed on the forward looking statements because the Company cannot give any assurance that they will prove correct. Since forward looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with the completion of other conditions precedent to the Acquisition, including the receipt of regulatory approvals, the state of equity financing markets, and results of future exploration activities by the Company. Management has provided the above summary of risks and assumptions related to forward looking statements in this news release in order to provide readers with a more comprehensive perspective on the Company's future operations. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward looking statements are made as of the date of this news release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward looking statements, whether as a result of new information, future events or results or otherwise.

SOURCE: TDG Gold Corp.



View source version on accesswire.com:
https://www.accesswire.com/679234/TDG-Gold-Corp-Closes-16M-Second-Tranche-Private-Placement

News Provided by ACCESSWIRE via QuoteMedia

TDG:CA
The Conversation (0)
TDG Gold

TDG Gold

Consolidating Permitted, Precious Metals Projects in the Americas

TDG Gold Corp. Intercepts 76.71 g/t Gold and 1,725 g/t Silver 75 metres from Surface at Shasta, Toodoggone District, BC

TDG Gold Corp. Intercepts 76.71 g/t Gold and 1,725 g/t Silver 75 metres from Surface at Shasta, Toodoggone District, BC

TDG Gold Corp. (TSXV:TDG) (the "Company" or "TDG") is pleased to reiterate high grade gold ("Au") and silver ("Ag") assays from results received from SGS Labs Canada ("SGS"). Internal QAQC review by TDG, working with Moose Mountain Technical Services ("MMTS"), is ongoing and therefore results... Keep Reading...
TDG Gold Corp. Samples Up To 32.9 g/t And 27.6 g/t Gold at Mets, Toodoggone, B.C.

TDG Gold Corp. Samples Up To 32.9 g/t And 27.6 g/t Gold at Mets, Toodoggone, B.C.

TDG Gold Corp. (TSXV:TDG) (the "Company" or "TDG") is pleased to announce the results of the 2021 exploration program at its former producing high-grade gold Mets Mining Lease located in the road accessible Toodoggone Production Corridor of north-central, B.C. Highlights include grab samples... Keep Reading...
TDG Gold Corp. Announces Anticipated Termination of the Nueva Esperanza Acquisition

TDG Gold Corp. Announces Anticipated Termination of the Nueva Esperanza Acquisition

TDG Gold Corp. (TSXV:TDG) (the "Company" or "TDG") advises that TDG has notified Kingsgate Consolidated Limited ("Kingsgate") that it anticipates that certain conditions precedent to the acquisition ("Acquisition") of the "Nueva Esperanza" silver-gold project pursuant to the terms of the... Keep Reading...
TDG Gold Corp. Drills 38.0 metres of 3.04 g/t Gold and 101 g/t Silver at Shasta Creek North, Toodoggone, B.C.

TDG Gold Corp. Drills 38.0 metres of 3.04 g/t Gold and 101 g/t Silver at Shasta Creek North, Toodoggone, B.C.

TDG Gold Corp. (TSXV:TDG) (the "Company" or "TDG") is pleased to announce drill results from drillholes SH21-007 and SH21-008 from its 2021 diamond drill program with both holes drilled approximately 150 metres ("m") north of the historical Shasta Creek Zone open pit. Drill intercepts include... Keep Reading...
TDG Gold Corp. Drills 29.0 Metres of 1.78 G/T Gold and 89 G/T Silver at Shasta Creek Zone, Toodoggone, B.C.

TDG Gold Corp. Drills 29.0 Metres of 1.78 G/T Gold and 89 G/T Silver at Shasta Creek Zone, Toodoggone, B.C.

TDG Gold Corp. (TSXV:TDG) (the "Company" or "TDG") is pleased to announce the first composite drill results from its 2021 Shasta diamond drill campaign which include 29.0 metres ("m") of 1.78 grams per tonne ("gt") gold ("Au") with 89 gt silver ("Ag") [2.89 gt AuEq**] in drillhole SH21-005 and... Keep Reading...
Two 3D arrows, one black and one gold, merge and point upwards on a white background.

Predictive Discovery and Robex Merge, Combining West African Gold Projects

Australia-based Predictive Discovery (ASX:PDI) and Canadian company Robex Resources (ASX:RXR,TSXV:RBX,OTC Pink:RSRBF) have agreed on a merger of equals, creating West Africa’s new mid-tier gold producer.In a joint announcement, the companies said that Predictive Discovery will indirectly acquire... Keep Reading...
Gold bars and silver coins scattered on a surface.

Gold Price Breaches US$4,000, Silver Tests US$50

Gold marked a new price milestone on Wednesday (October 8), breaking US$4,000 per ounce. The spot price hit a fresh record, rising as high as US$4,056.14 in midday trading. Future prices for gold breached US$4,000 for the first time on Tuesday (October 7) and have continued to climb higher.The... Keep Reading...
Three gold bars on price chart with magnifying glass.

What Was the Highest Price for Gold?

Gold has long been considered a store of wealth, and the price of gold often makes its biggest gains during turbulent times as investors look for cover in this safe-haven asset.The 21st century has so far been heavily marked by episodes of economic and sociopolitical upheaval. Uncertainty has... Keep Reading...
Physical gold bar and gold Maple Leaf coin with small gold nuggets on top.

A Guide to Investing in Physical Gold

Gold is known as an attractive safe-haven investment and has been used to store wealth during volatile times through history. It has interesting currency-like tendencies, and retains its purchasing power better than paper currencies.For that reason, gold market analysts typically recommend that... Keep Reading...

Latest Press Releases

Related News