- TDG Gold Corp. (TDG) announces a private placement for gross proceeds of up to $10 million
- The offering includes common shares and charity flow-through shares
- The offering is scheduled to close by April 7th
- TDG’s projects are the high grade gold-silver Shasta, Baker, and Mets mines
- TDG Gold Corp. (TDG) is unchanged and is trading at $0.50 per share as of 3:54 p.m. EST
TDG Gold Corp. (TDG) has announced a private placement agreement for gross proceeds of up to $10 million.
The offering includes charity flow-through (FT) priced at $0.60 per share and common shares priced at $0.42 per share.
The company has granted the agents an option to sell charity FT shares and/or common shares, or a combination of the two, for up to an additional 15 per cent of the offering price. The offer is exercisable in whole or in part at any time for a period of up to 48 hours prior to the closing date.
The agents will receive a cash fee of $650,000, and compensation warrants exercisable to acquire the number of common shares equal to 6.5 per cent of the number of shares issued in the offering. The warrants can be used for 18 months after closing for $0.42 per unit.
The gross proceeds will be used by TDG Gold to incur eligible exploration expenses and for general working capital purposes.
The private placement is scheduled to close by April 7th.
TDG is a major mineral claim holder in north-central British Columbia, and its flagship projects are the former producing, high-grade gold-silver Shasta, Baker, and Mets mines.
TDG Gold Corp. (TDG) is unchanged and is trading at $0.50 per share as of 3:54 p.m. EST.