TDG Gold Corp Closes First Tranche and Increases Non-Brokered Private Placement

Private Placement Closure

TDG Gold Corp (TSXV:TDG) announced the successful closure of the first tranche of its non-brokered private placement on November 14, 2024. The company issued 4,757,715 non-flow-through units and 656,250 flow-through shares, raising total gross proceeds of C$771,080.

Offering Details

The offering, initially set at a total of $1,000,000, has now been increased to $1,250,000. It includes a combination of non-flow-through units, flow-through shares, and charity flow-through units. Each unit consists of common shares and share purchase warrants, allowing holders to acquire additional shares at a set price within a specified timeframe.

Intended Use of Proceeds

TDG Gold Corp plans to utilize the net proceeds from the offering for further exploration of its mineral properties and general working capital purposes.

Insider Participation and Compliance

Fletcher Morgan, a director of the company, participated in the offering by subscribing for flow-through shares. This transaction falls under related party dealings and complies with regulatory requirements.

Caution to US Investors

The securities offered in this placement are not registered under the U.S. Securities Act and may not be sold or offered in the United States without proper registration or exemption.

About TDG Gold Corp

TDG is a significant mineral tenure holder in British Columbia, owning various exploration opportunities within the region. The company’s flagship projects include former producing gold-silver mines and high-grade gold prospects, all of which have undergone extensive historical drilling and modern exploration efforts.