TDG Gold Corp. Announces Closing of First Tranche Non-Brokered Private Placement

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WHITE ROCK, BC / ACCESSWIRE / April 11, 2024 / TDG Gold Corp (TSXV:TDG) (the "Company" or "TDG") is pleased to announce that it has closed the first tranche of the non-brokered private placement previously announced on February 22, 2024, and April 4, 2024, (the "Offering"), through the issuance of 2,097,285 non-flow-through units (the "NFT Units") at a purchase price of C$0.14 per NFT Unit (the "NFT Offering Price") and 6,098,625 flow-through units (the "FT Units") at a purchase price of C$0.16 per FT Unit (the "FT Offering Price"), for total aggregate gross proceeds of C$1,269,400 (the "First Tranche").

As previously described, the Company anticipates that, upon the closing of additional tranches, the Offering will consist of a combination of charity flow-through units of the Company (the "Charity FT Units") at a price of $0.20 per Charity FT Unit, FT Units at the FT Offering Price, and NFT Units at the NFT Offering Price, for aggregate gross proceeds of up to $2,000,000.

Each Charity FT Unit and each FT Unit will consist of one flow-through common share of the Company and one-half of one non-flow-through common share purchase warrant. Each whole warrant will entitle the holder to acquire one common share of the Company for an exercise price of $0.20 per share for a period of 3 years following completion of the Offering.

Each NFT Unit will consist of one non-flow-through common share of the Company and one-half of one non-flow-through common share purchase warrant. Each whole warrant will entitle the holder to acquire one common share of the Company for an exercise price of $0.20 per share for a period of 3 years following completion of the Offering.

The Company intends to use the net proceeds of the Offering for continued exploration on TDG's mineral properties, and general working capital.

In connection with the First Tranche, the Company paid aggregate cash finder's fees of C$19,836 and issued 124,275 finder's warrants to certain arm's length finders. Each finder's warrant is exercisable to acquire one common share in the capital of the Company at a price of $0.14 per share for a period of 3 years following completion of the Offering.