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All currencies are quoted in Canadian dollars (CAD $), unless otherwise noted.

WHITE ROCK, BC / ACCESSWIRE / December 14, 2021 / TDG Gold Corp (TSXV: TMD, Financial) (the “Company” or “TDG”) announces an amendment to the terms of a non-brokered private placement announced on November 10, 2021 to raise gross proceeds of up to C $ 5 million (the “”Offer“).

The Offer will now include a combination of:

1. A unit without flow (“NFT unit“) at a price of CA $ 0.50 per NFT Unit – Each NFT Unit will consist of one common share of the Company (each, one”To share“) and a half share purchase warrant (each entire warrant, a”To guarantee“). A warrant allows its holder to purchase one share of the Company at a price of CA $ 0.75 per share for a period of twenty-four months from the closing date of the offering (on “Closing Date“).
2. A circulation unit (“FT unit“) at a price of CA $ 0.55 per FT unit – Each FT unit will consist of one share and half a warrant. A warrant allows its holder to purchase one share of the Company at price of CA $ 0.75 per share for a period of twenty-four months from the Closing Date.
3. A premium flow-through unit (“PFT unit“) at a price of CA $ 0.725 – Each PFT unit will consist of one share and a half warrant. A warrant allows its holder to purchase one share of the Company at a price of CA $ 0.75 per share for a period of twenty-four months from the closing date.

Finder’s Fees will be payable on the Offering, subject to acceptance by the TSX Venture Exchange (the “”Exchange“).

The Company intends to use the proceeds from the FT Units portion of the Offering to commission an independent estimate of the mineral resources of the Company’s Shasta Project and ongoing general exploration on the Company’s Toodoggone projects.

The Offer is subject to acceptance by the Stock Exchange. The Company reserves the right to increase the size of the Offer or to modify the type, nature and / or price of the Offer for any reason whatsoever, subject to acceptance by the Exchange.

About TDG Gold Corp.

TDG is a major mining claim holder in the historic Toodoggone production corridor in north-central British Columbia, Canada, with over 23,000 hectares of brownfield exploration opportunities and new operations. in direct ownership or in an acquisition agreement. TDG’s flagship projects are the former high-grade gold-silver mines Shasta, Baker and Mets, all accessible by road, produced intermittently between 1981 and 2012 and with more than 65,000m of historic drilling. In 2021, TDG moved projects forward through the compilation of historical data, new geological maps, geochemical and geophysical surveys and, for Shasta, drill testing of known mineralization occurrences and their extensions. The Company has entered into a binding agreement to acquire the Nueva Esperanza advanced silver and gold exploration and development project located in the Maricunga belt of northern Chile, subject to the closing conditions being met. TDG currently has 70,867,903 common shares issued and outstanding.

ON BEHALF OF THE BOARD

Fletcher Morgan
Chief executive officer

For more information contact:

TDG Gold Corp.,
Telephone: +1.604.536.2711
E-mail: [email protected]ld.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “US Securities Act”) or any state securities law and may not be offered. or sold in the United States or to US Persons unless registered under the US Securities Act and applicable state securities laws or an exemption from such registration is available.

This press release contains forward-looking statements within the meaning of applicable securities laws. The use of any of the words “ambition”, “estimate”, “concluded”, “offers”, “objective”, “may”, “will”, “should”, “the potential” and similar expressions are intended to identify future looking statements. In particular, this press release contains forward-looking statements regarding the completion of the acquisition (the “Acquisition”) of the Nueva Esperanza silver and gold exploration and advanced development project (the “Project”), the completion of the Offer, the intended uses of the proceeds of the Offering, the regulatory acceptance of the Acquisition, the SR Placement and the Offering, and the potential development of the Project and the Company’s existing mining properties, including the completion feasibility studies or making production decisions in this regard. Although the Company believes that the expectations and assumptions upon which forward-looking statements are based are reasonable, forward-looking statements should not be relied upon because the Company cannot guarantee that they will prove to be correct. Because forward-looking statements deal with future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently expected due to a number of assumptions, factors and risks. These assumptions and risks include, without limitation, the assumptions and risks associated with the fulfillment of other conditions precedent to acquisition, including obtaining regulatory approvals, the state of the equity financing markets and the results of future exploration activities by the Company. Management has provided the above summary of the risks and assumptions relating to forward-looking statements in this press release in order to provide readers with a more complete perspective on the future operations of the Company. The actual results, performance or achievements of the Company could differ materially from those expressed or implied by these forward-looking statements and, therefore, no assurance can be given that any of the events anticipated by the forward-looking statements will occur or occur. will produce, or if one of them does, what benefits the Company will derive from it. These forward-looking statements are made as of the date of this press release, and, except as required by applicable securities laws, the Company disclaims any intention or obligation to publicly update any forward-looking statements, whether at the following new information, future events or results or otherwise.

THE SOURCE: TDG Gold Corp.

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https://www.accesswire.com/677711/TDG-Gold-Corp-Private-Placement-Update