Business
TDG Gold Corp. Announces Further Extension of Private Placement
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES WHITE ROCK, BC /...
About this update from Tdg Gold Corp
[{"type":"text","content":"TDG Gold Corp. Announces Further Extension of Private PlacementNOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICESWHITE ROCK, BC / ACCESSWIRE / June 19, 2023 / TDG Gold Corp (TSXV:TDG) (the \"Company\" or \"TDG\") announces that it has further extended the closing of the private placement previously announced on March 22, 2023 (the \"Offering\") to on or around July 7, 2023.As previously described, the Offering is led by Raymond James Ltd. together with its 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 of: (i) up to 11,111,100 charity flow-through units of the Company (each, a \"Charity FT Unit\") at a purchase price of $0.45 per Charity FT Unit, (ii) up to 3,333,300 non-flow-through units of the Company (each, a \"Hard Dollar Unit\") at a purchase price of $0.30 per Hard Dollar Unit (the \"HD Unit Price\"), and (iii) up to 1,428,571 common shares of the Company (each, a \"FT Share\") on a flow-through basis under the Income Tax Act (Canada) at a purchase price of $0.35 per FT Share (the \"FT Share Price\"), for aggregate gross proceeds of up to approximately $6,500,000, subject to the Agents' option as described below. The Company has completed the first tranche of the Offering for total gross proceeds of $1,538,810, as announced in the press release of the Company dated April 26, 2023.The offering of Charity FT Units (the \"Charity FT Offering\") is being conducted under the listed issuance financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions (\"NI 45-106\"), and the securities issued to purchasers in the Charity FT Offering are not subject to a hold period under applicable Canadian securities laws. The Company has withdrawn the previous offering document dated May 5, 2023 in respect of the Charity FT Offering, and has filed a new offering document dated June 19, 2023 that can be accessed under the Company's profile at www.sedar.com and on the Company's website at www.tdggold.com, to constitute a new distribution under Part 5A of NI 45-106. Prospective investors should read this offering document before making an investment decision.The securities issued in connection with the offering of Hard Dollar Units and FT Shares will be subject to a hold pe...