Venture Capital
TDG Gold Corp. Announces Closing Of First Tranche Non-Brokered Private Placement - October 10, 2023
October 2023 - Venture Capital
White Rock, British Columbia, October 10, 2023. TDG Gold Corp (TSXV: TDG) (the “Company” or “TDG”) is pleased to announce that it has closed the first tranche of the non-brokered private placement previously announced on October 2, 2023 (the “Offering”), through the issuance of 11,700,000 common shares (each, a “Share”) at a purchase price of C$0.17 per Share, for total gross proceeds of C$1,989,000 (the “First Tranche”).
In connection with the First Tranche, the Company paid a cash finder’s fee of C$19,720 to an arm’s length finder of the Company.
All Shares issued in connection with the First Tranche are subject to a four-month and one day hold period, in accordance with applicable securities laws and the TSX Venture Exchange (the “Exchange”) policies. The Offering is subject to the approval of the Exchange.
The Company intends to use the net proceeds of the Offering for continued exploration on the Company’s mineral properties, and general working capital. Further details regarding the Offering and the proposed use of proceeds are contained in the press release of the Company dated October 2, 2023.
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