Tanzanian Gold Corp.’s Board of Directors is pleased to announce the entering into subscription agreements for the sale of 5,545,325 common shares and warrants to purchase 2,772,637 common shares raising in $2,993,390 in the aggregate with certain investors. The common shares and warrants were sold at a fixed combination price of $0.5398 for each common share and a one-half purchase warrant with the right of each whole [...]
Tanzanian Gold Corp. is pleased to announce and welcome Mr. Stephen Mullowney, CPA, CA, CFA as Chief Executive Officer of Tanzanian Gold Corp., and he has simultaneously accepted an appointment to the Board of Directors of the Company, pending the approval of the expansion of the Board of Directors at the 2021 Annual General Meeting. Mr. Mullowney is a former Partner and Managing Director of PricewaterhouseCoopers LLP and [...]
Tanzanian Gold Corp. announces that it has filed a "universal shelf" registration statement on Form F-3 with the Securities and Exchange Commission for the registration of common shares, warrants, debt securities or units consisting of the foregoing securities . If the Registration Statement is declared effective by the SEC, up to US$25.0 Million of Securities may be offered, separately or together, from time to time and [...]
Tanzanian Gold Corp. ; is pleased to provide an update on the 5tph test plant. As previously reported the plant reached commercial production of gold on June 17, 2020. Since then the plant has operated continuously 7 days a week with two 12-hour shifts per day and has produced a total of 427.9 oz of gold. Here are some of the key performance metrics in the period June 30, 2020 to October 30,2020: 250,810 tons of waste and [...]
Tanzanian Gold Corp. is pleased to announce the nomination and acceptance by Andrew Cheatle, P.Geo., MBA, ARSM for appointment to the Board of Directors of Tanzanian Gold Corp.. Director Cheatle is a world-renowned purpose driven achiever in the mineral resources industry with significant knowledge and experience in gold mining endeavours. He is respected, admired and highly sought after by mining companies, investors [...]
Tanzanian Gold Corp. ; is pleased to announce an update to its Corporate Presentation and has placed it on the company website, https://www.tangoldcorp.com/. Tanzanian Gold Corp. will participate in the virtual Red Cloud Securities Inc. Oktoberfest Fall Mining Showcase 2020 , with a presentation at 2:40 pm EDT Oct.21. Interested parties can register for the conference at https://www.runtheworld.today/app/c/redcloud. About [...]
Tanzanian Gold Corp. ; is pleased to announce that it has closed the First Closing of US$4 Million of its previously announced financing of up to US$14 million of unsecured convertible debentures with institutional investors Riverfort Global Opportunities PLC. and YA II PN, Ltd. . The proceeds from the Financing will be utilized for a significant expansion of the Buckreef Project oxide mining and processing operation, the [...]
Tanzanian Gold Corp. ; is pleased to announce that it has signed a flexible financing agreement for up to US$14 million of unsecured convertible debentures with institutional investors Riverfort Global Opportunities PLC. and YA II PN, Ltd. . The Company has also strengthened its balance sheet by converting US$8.4 million of outstanding gold loans and convertible loans into common shares. The proceeds from the Financing [...]
Tanzanian Gold Corp. ; is pleased to announce that it has filed a National Instrument 43-101 Independent Technical Report entitled “Updated Mineral Resource Estimate for the Buckreef Gold Mine Project, Tanzania, East Africa” . This Report follows the Company’s release of March 17, 2020 that announced a doubling of Resources in the Measured and Indicated Categories as well as highlighting the upside potential in [...]
Tanzanian Gold Corp. ; is pleased to announce that gold production has reached commercial level at the oxide ore processing plant at the Buckreef Project. First bucket at the oxide open pit was on April 6, 2020. Since then oxide ore has been stockpiled at a ROM pad. Construction of the plant ended on May 28, 2020. The plant successfully completed both cold and hot commissioning and has now reached commercial production [...]
Tanzanian Gold Corp. with gold mining projects at Buckreef in Tanzania, is pleased to announce the engagement of PricewaterhouseCoopers Corporate Finance Inc. to assist in securing project financing for construction of two gold mining projects at Buckreef. In the last 10 years, PwCCF provided financial advice on over 4,000 transactions globally and in 2019, was ranked first by deal count by Mergermarket with over 569 [...]
Tanzanian Gold Corp.’s, Board of Directors is pleased to announce that SGS Canada Lakefield will soon be starting comprehensive metallurgical testing on the primary or “sulphide” gold mineralization in order to finalize a flow-sheet for the design of a large gold processing plant that will be the basis for the Final Feasibility Study of the Buckreef Project. The company has shipped fresh core from three metallurgical test [...]
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