Venture Capital
TDG Gold Corp. Announces Private Placement And Welcomes New 9.9% Investor - October 2, 2023
October 2023 - Venture Capital
White Rock, British Columbia, October 2, 2023. TDG Gold Corp (TSXV: TDG) (the “Company” or “TDG”) has arranged a non-brokered private placement of up to 16,176,470 common shares (each, a “Share”) at a price of C$0.17 per Share to raise proceeds of up to C$2.75 million (the “Offering”). TDG has received a firm commitment from a new institutional resource sector investor to acquire 11,600,000 Shares through the Offering and is expected to own approximately 9.9% of TDG’s issued and outstanding common shares upon completion of the Offering.
Dr. Fletcher Morgan, CEO & Director of TDG commented, “TDG is pleased to welcome the investment of our new cornerstone institutional investor and the validation of our systematic evaluation of the potential of our Toodoggone properties. The proceeds from the offering will allow us to follow up on our exciting results from Mets, putting TDG in a strong position to complete our existing field programs at our properties in the Toodoggone mining district, setting us up for an exciting 2024.”
The Shares issued in connection with the Offering will be subject to a four-month and a day hold period. In addition, the Offering is subject to the approval of the TSX Venture Exchange. Finder’s fees may be payable on the Offering.
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