The first tranche closed on
As previously announced on
To date the Company has paid a total of
The Shares issued in connection with the Offering are subject to a four-month and a day hold period.
The Company intends to use the proceeds of the Offering to commission an independent estimation of the mineral resource at the Company's Shasta project, ongoing general exploration at the Company's Toodoggone projects and working capital.
About
TDG is a major mineral claim holder in the historical Toodoggone Production Corridor of north-central
Contact:
Tel: +1.604.536.2711
Email: info@tdggold.com
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in
This news 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', 'potential' and similar expressions are intended to identify forward looking statements. In particular, this news release contains forward looking statements concerning the completion of the acquisition (the 'Acquisition') of the Nueva Esperanza silver-gold advanced exploration and development project (the 'Project'), the completion of the Offering, the intended uses of the proceeds of the Offering, regulatory acceptance of the Acquisition, the SR Offering and the Offering, and the potential development of the Project and the Company's existing mineral properties, including the completion of feasibility studies or the making of production decisions in respect thereof. Although the Company believes that the expectations and assumptions on which the forward looking statements are based are reasonable, undue reliance should not be placed on the forward looking statements because the Company cannot give any assurance that they will prove correct. Since forward looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with the completion of other conditions precedent to the Acquisition, including the receipt of regulatory approvals, the state of equity financing markets, and results of future exploration activities by the Company. Management has provided the above summary of risks and assumptions related to forward looking statements in this news release in order to provide readers with a more comprehensive perspective on the Company's future operations. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward looking statements are made as of the date of this news release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward looking statements, whether as a result of new information, future events or results or otherwise.
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