Business
TDG Gold Announces C$6.5 Million Financing
VANCOUVER, British Columbia, March 22, 2023 (GLOBE NEWSWIRE) -- TDG Gold Corp. (“TDG” or the “Company”) (TSXV:TDG), is pleased to announce that it has entered i
About this update from Tdg Gold Corp
[{"type":"text","content":" VANCOUVER, British Columbia, March 22, 2023 (GLOBE NEWSWIRE) -- TDG Gold Corp. (“TDG” or the “Company”) (TSXV:TDG), is pleased to announce that it has entered into an agreement with Raymond James Ltd. on behalf of a syndicate of agents (collectively, the “Agents”), pursuant to which the Agents agree to offer for sale on behalf of the Company on a reasonable “best efforts” basis up to 11,111,100 Charity Flow-Through Units (the “Charity Flow-Through Units”), at $0.45 per Charity Flow-Through Unit (the “Charity Flow-Through Unit Offering Price”), up to 3,333,300 hard dollar units (the “Hard Dollar Units”) at $0.30 per Hard Dollar Unit (the “Hard Dollar Unit Offering Price”) and up to 1,428,571 Flow-Through Shares (the “Flow-Through Shares”) at $0.35 per Flow-Through Share (the “Flow-Through Share Offering Price”) of the Company (the “Offering”), for total gross proceeds of approximately $6,500,000 (the “Offering”). The Charity Flow-Through Units will be offered in all Canadian provinces and territories (pursuant to the Listed Issuer Financing Exemption under National Instrument 45-106 - Prospectus Exemptions) and in those jurisdictions, which are agreed to by the Company and the Agents, where the Charity Flow-Through Units can be issued on a private placement basis, exempt from any prospectus, registration or other similar requirements. The Hard Dollar Units and the Flow-Through Shares will be offered in all Canadian provinces and territories on a private placement basis, and to investors in the United States pursuant to available exemptions from the registration requirements of the United States Securities Act of 1933, as amended; and to investors resident in jurisdictions outside of Canada and the United States, in each case, in accordance with all applicable laws, provided that no prospectus, registration statement or similar document is required to be filed in such foreign jurisdiction. There is an offering document related to this Offering that can be accessed under the Company’s profile at www.sedar.com. Prospective investors should read this offering document before making an investment decision. Each Charity Flow-Through Unit will consist of one flow-through common share of the Company and one-half of one non-flow-through common share purchase warrant (the “Charity Warrant”). Each Charity Warrant will entitle the holder to...