Tanzanian Gold Corporation is pleased to announce that it has closed a flexible financing agreement for up to US$14 million with RiverFort Global Capital Ltd. (“RiverFort”) and [Yorkville Advisors] (the “Financing”).

Buckreef Gold production

Gold Production started at Buckreef

The Financing will be structured in multiple tranches (i) US$7.0 million will be advanced between close and the filing of a registration statement with the Securities Exchange Commission (“SEC”), and (ii) US$7.0 million will be advanced over time at the company’s election upon reaching certain milestones.

The proceeds of the Financing will be utilized for a significant expansion of the Buckreef Project oxide mining and processing operation, general corporate purposes, the advancement of a Feasibility Study for the larger sulphide mining complex, and the continuation of multiple drilling programs.

Press release here

Buckreef Gold Mine Project Independent Technical Report June, 2020 (Click Here)


PRESS & MEDIA

courtesy of :

JSmineset Weekly interview


Presentation Slide  AGM 2020

by Ulli Rath:Tanzanian Gold Corporation Presentation

        Buckreef Gold Mine Project Independent Technical Report June, 2020 (Click Here)