“Observing Cycle Times with Enthusiasm at Buckreef Oxide Open Pit”

 

 

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)


Tanzanian Gold Corporation Presentation

Presentation Slide  AGM 2020

by Ulli Rath:Tanzanian Gold Corporation Presentation

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