TDG Gold Corp. Announces Addition of Flow-Through Shares to Private Placement of Mediation, Canadian Business Journal

Unless otherwise stated, all currencies are displayed in Canadian dollars (C $).

White Rock, British Columbia, March 16, 2022 (GLOBE NEWSWIRE) — TDG Gold Corp (TSXV: TDG) (“Company” or “TDG”) We are pleased to announce that we have reached an agreement with Raymond James on behalf of Agent Syndicate (collectively, “Agents”) in connection with the previously announced “Best Effort” Private Placement (“Recruitment”). Add flow-through stock (“FT stock”) to the offering. The offering consists of common stock, including up to $ 10 million in charity flow-through stock, flow-through stock, and a minimum of $ 2 million in common stock.

Offerings are our Charity Flow-Through Shares (“Charity FT Shares”) priced at $ 0.60 per Charity FT Share, FT Shares priced at $ 0.55 per FT Share, and Companies (“Common Shares”) are Common Shares 1. With a price of $ 0.42 per share, total income is up to $ 10 million.

As previously announced, we have granted agents the option to sell charity FT shares, FT shares, and / or common stock (or any combination thereof) (“over-allotment options”). .. This corresponds to a maximum of 15%. At the offering price, you may exercise all or part of it at any time up to 48 hours prior to the closing date, if applicable.

Fletcher Morgan, Chief Executive Officer of TDG, said:

Considering the services associated with the offer, the agent will receive a cash fee equivalent to 6.5% of the total proceeds raised in the offer and will be rewarded with charity FT shares, FT shares and common stock issued at the offering. For 18 months, the strike price of $ 0.42 will reduce the compensation paid for subscriptions by specific subscribers on the president’s list.

Gross revenue from charity FT shares and FT shares offerings is used by us to cover eligible “Canada exploration costs” considered “flow-through mining spending” (such terms are used). Income tax law (Canada))) (“Eligible Expenditure”) relates to our projects prior to December 31, 2023. All Eligible Expenditures will be waived in favor of Charity FT Shares and FT Share Subscribers effective by December 31st. 2022. The remaining net income from the offering of common stock will be used for general work capital purposes.

The offering is expected to end around April 7, 2022 and is subject to certain conditions, including but not limited to the receipt of all required regulations and other approvals, including approvals of the TSX Venture Exchange.

This press release does not constitute an offer to sell or buy securities in the United States. Securities have not been and will not be registered under the Securities Act of 1933 (“US Securities Act”) or the State Securities Act. It may not be offered or sold in the United States, or for that purpose. A US person’s account or interest (as defined in Regulation S of the US Securities Act) unless it is registered under US Securities Act and applicable state securities law or an exemption from such registration is available.

About TDG Gold Corporation

TDG is the leading mineral claim holder of the historic Toodoggone Production Corridor in central and northern British Columbia, Canada, with over 23,000 hectares of brownfield and greenfield exploration opportunities under direct ownership or acquisition contracts. there is. TDG’s flagship project is the once-produced high-grade gold and silver Shasta, Baker, and Mets mines, all road-accessible, intermittently produced between 1981 and 2012, 65,000 m. There are more than historic excavations. In 2021, TDG proceeded with the project through historical data editing, new geological maps, geochemical and geophysical surveys, and, in the case of Shasta, drill tests of known mineralization occurrences and their extensions. .. TDG currently issues and issues 78,361,085 shares of common stock.

On behalf of the board

Fletcher Morgan
Chief executive officer

For more information, please contact:
TDG Gold Corporation,
Phone number: +1.604.536.2711

Neither the TSX Venture Exchange nor its regulatory service provider (the term is defined in the TSX Venture Exchange Policy) is responsible for the validity or accuracy of this release.

This news release contains forward-looking statements based on our current expectations and estimates. Forward-looking statements are characterized by words such as “plan,” “expectation,” “project,” “intention,” “believe,” “expect,” “estimate,” “suggest,” and “show.” Often attached. Or the statement that a particular event or condition “can occur” or “occurs”. The forward-looking statements in this press release include a statement regarding the completion of the offering, the total revenue raised by the offering, and the planned use of the revenue of the offering. Such forward-looking statements may include known and unknown risks, uncertainties, and actual events or consequences that are implied or expressed in such forward-looking statements. It includes other factors that can differ materially from the results. These factors include, among others: Equity finance market conditions in Canada and other jurisdictions. Receipt of regulatory approval. Fluctuations in metal prices, actual results of current exploration activities. Economic valuation conclusions; changes in project parameters as a continuously improved plan. Potential fluctuations in ore grade or recovery. Mining accidents, labor disputes and other risks. Delays in government approval and funding. There may be other factors that cause an action, event, or result to be expected, estimated, or not done as intended. Forward-looking statements are stated only as of the date they were created and, unless required by applicable securities law, we may or may not be the result of new information. , Disclaims any intent or obligation to update any forward-looking statement. , Future events or results or others. Forward-looking statements do not guarantee future performance. Therefore, such statements have inherent uncertainties and should not be overly trusted.

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TDG Gold Corp. Announces Addition of Flow-Through Shares to Private Placement of Mediation, Canadian Business Journal

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