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TDG Gold Corp. Closes $247,500 Third Tranche Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED S...
About this update from Tdg Gold Corp
[{"type":"text","content":"TDG Gold Corp. Closes $247,500 Third Tranche Private PlacementNOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESWHITE ROCK, BC / ACCESSWIRE / December 30, 2021 / TDG Gold Corp (TSXV:TDG) (the \"Company\" or \"TDG\") has closed the third tranche of its non-brokered private placement (the \"Offering\"), through the issuance of 450,000 flow-through units (each, a \"FT Unit\") at a price of C$0.55 per FT Unit raising proceeds totaling C$247,500 (the \"Offering\"). The first tranche closed on December 16, 2021, the second tranche closed on December 22, 2021, bringing the total of tranches one to three, to 1,716,000 NFT Units and 5,777,182 FT Units for gross proceeds of $4,035,450.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.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 p...