TDG Gold Corp. announced a non-brokered private placement of up to 16,176,470 common shares at a price of CAD 0.17 per share for the gross proceeds of CAD 2,749,999.9 on October 2, 2023. The company has received a firm commitment from a new institutional resource sector investor to acquire 11,600,000 shares through the offering and is expected to own approximately 9.9% of TDG?s issued and outstanding common shares upon completion of the offering.

The shares issued in connection with the offering will be subject to a four-month and a day hold period. The transaction is subject to the approval of the TSX Venture Exchange. Finder?s fees may be payable on the offering.