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Tanzanian Gold Corporation Announces Closing of US$21.4 Million Registered Direct Offering


Tanzanian Gold Corporation Announces Closing of US$21.4 Million Registered Direct Offering
February 11, 2021 17:05 ET
| Source:
Tanzanian Gold Corporation
Tanzanian Gold Corporation
Vancouver, British Columbia, CANADA
TORONTO, Feb. 11, 2021 (GLOBE NEWSWIRE) Tanzanian Gold Corporation (TSX:TNX) (NYSE American:TRX) (TanGold, TRX or the Company), today announced that it has successfully closed the previously announced registered direct offering of 32,923,078 shares of its common stock at a purchase price of US$0.65 per share. The Company also issued to the investors warrants to purchase up to an aggregate of 16,461,539 shares of common stock in a concurrent private placement. The common stock warrants will be exercisable six months after the date of issuance, have an exercise price of US$0.80 per share and will expire five years from the date of issuance. ....

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Tanzanian Gold Announces Retirement of Remaining Convertible Debt


sec.gov
Tanzanian Gold Corporation (“TanGold” or the “Company”), has taken all reasonable care in producing and publishing information contained in this press release. TanGold does not warrant or make any representations regarding the use, validity, accuracy, completeness or reliability of any claims, statements or information in this press release. The information is not a substitute for independent professional advice before making any investment decisions. Furthermore, you may not modify or reproduce in any form, electronic or otherwise any information in this press release. Andrew M. Cheatle, P.Geo. is the Qualified Person as defined by the NI 43-101 who has reviewed and assumes responsibility for the technical content of this presentation. The disclosure contained in this press release of a scientific or technical nature relating to the Company’s Buckreef Project has been summarized or extracted from the technical report entitled The “National Instrument 43- ....

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