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Stock impact report

Tanzanian Gold Announces Closing of Placement of Common Shares in the amount of $1,111,500

TRX Gold Corporation (TRX) 
NASDAQ:AMEX Investor Relations: tanzanianroyalty.com
Company Research Source: GlobeNewswire
TORONTO, July 01, 2019 (GLOBE NEWSWIRE) -- Tanzanian Gold Corporation (TSX:TNX) (NYSE American:TRX) (the “Company’s”) Board of Directors is pleased to announce the closing of the placement of 1,916,379 common shares at US$0.58 per share raising $1,111,500 in the aggregate with certain investors as previously announced in its press release of June 26, 2019.   The proceeds from the placement of common shares will be used in furtherance of the Company’s Three-Phase Drill Program at the Buckreef Project previously announced. As  Mr. James E. Sinclair,  Executive Chairman (TRX) has previously commented, “The systematic drilling we are doing below the pit bottom has, to date, yielded exceptionally robust results," noted Mr. Sinclair. "We will be using these results to help us formulate a Phase III program that will, in part, be directed at testing what we are calling the Ultra-Deep."  Mr. Sinclair went on to state that, "We will also soon be doing a sophisticated program of down - the - Show less Read more
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