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White Rock, British Columbia, March 15, 2022 (GLOBE NEWSWIRE) — TDG Gold Corp. (TSXV: TDG) (“Company” or “TDG”) On behalf of Agent Syndicate (collectively, “Agents”), we are pleased to announce that we have signed a contract with Raymond James, Inc. (“Raymond James”) in connection with the “Best Effort” Private Placement. Charity flow-through and common stock (“offers”) of up to $ 10 million and common stock of at least $ 2 million.
The offering consists of a combination of our Charity Flow-Through Shares (“Charity FT Shares”) at a price of $ 0.60 per Charity FT Share and our Common Shares (“Common Shares”) at a price. $ 0.42 per common stock, with total revenue of up to $ 10 million.
At the offering, we have given agents an option (“Over-Allotment Option”) to sell charity FT shares and / or common stock (or any combination thereof), which is equivalent to up to 15% of the offering. If applicable, the price at which all or part can be exercised at any time up to 48 hours before the closing price.
In consideration of the services related to the offering, the agent receives a cash fee equivalent to 6.5% of the total income raised in the offering, and the compensation is 0.42 for the charity FT shares and common shares issued at the offering. Issued in dollars for 18 months, the compensation paid for subscriptions by specific subscribers on the president’s list will be reduced.
Gross income from the offering of charity FT shares will be used by us to cover eligible “Canada Exploration Expenses” considered “Flow Through Mining Expenditures” (such conditions are defined by the Income Tax Act (Canada)). I have). (“Eligible Expenditure”) Related to our projects prior to December 31, 2023. All eligible spending will be waived in favor of participants in Charity FT shares effective December 31, 2022. Common stock offerings are 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 necessary 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. American accounts or interests (as defined in Regulation S of US Securities Law) unless registered under US Securities Law 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
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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