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

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WHITE ROCK, BC / ACCESSWIRE / November 14, 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 October 28, 2024, and November 13, 2024, (the "Offering"), through the issuance of 4,757,715 non-flow-through units (the "NFT Units") at a purchase price of C$0.14 per NFT Unit (the "NFT Offering Price") and 656,250 flow-through shares (the "FT Shares") at a purchase price of C$0.16 per FT Share (the "FT Offering Price"), for total aggregate gross proceeds of C$771,080 (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 C$0.20 per Charity FT Unit, FT Shares at the FT Offering Price, and NFT Units at the NFT Offering Price.

The Company also announces that it has increased the Offering to gross proceeds of up to $1,250,000, up from the previously announced gross proceeds of up to $1,000,000.

Each Charity 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 C$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 C$0.20 per share for a period of 3 years following completion of the Offering.

Each FT Share will consist of one flow-through common share of the Company.

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$30,634 and issued 218,820 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 C$0.14 per share for a period of 3 years following completion of the Offering.