Share
<< View all Deals

TDG Gold Closes $2.2 Million Non-Brokered Private Placement of Flow-Through and Non-Flow Through Securities

Maxis Law represented TDG Gold with a team that included Morgan Hay and Christopher Soo.

On June 14, 2024, TDG Gold Corp. (“TDG Gold”) announced the closing of the third and final tranche of its non-brokered private placement (the “Private Placement”), which in the aggregate, consisted of: (i) 2,400,000 charity flow-through units of TDG Gold (each, a “Charity FT Unit”) at a purchase price of $0.20 per Charity FT Unit, (ii) 7,071,125 flow-through units of TDG Gold (each, a “FT Unit”) at a purchase price of $0.16 per FT Unit, and (iii) 4,512,999 non-flow-through units of TDG Gold (each, a “NFT Unit”) at a purchase price of $0.14 per NFT Unit, for aggregate gross proceeds of $2,243,200.

Each Charity FT Unit and each FT Unit consists of one flow-through common share of TDG Gold and one-half of one non-flow-through common share purchase warrant. Each whole warrant entitles the holder to acquire one common share of TDG Gold for an exercise price of $0.20 per share for a period of 3 years. Each NFT Unit consists of one non-flow-through common share of TDG Gold and one-half of one non-flow-through common share purchase warrant. Each whole warrant entitles the holder to acquire one common share of TDG Gold for an exercise price of $0.20 per share for a period of 3 years.

TDG Gold is a mineral exploration and development company that holds mineral claims in the Toodoggone district of British Columbia, which include the former producing Shasta and Baker mines.

Further details regarding TDG Gold and the Private Placement can be found on TDG Gold’s website. TDG Gold trades under the symbol “TDG” on the TSX Venture Exchange.