TDG Gold Corp. Engages BMO Capital Markets and RBC Capital Markets
White Rock, British Columbia, July 27, 2021. TDG Gold Corp (TSXV: TDG) (the “Company” or “TDG”) is pleased to announce that it has engaged BMO Capital Markets (“BMO”) and RBC Capital Markets (“RBC”) as co-lead agents on a best-efforts basis for a proposed private placement (the “Offering”) of subscription receipts of the Company (the “Subscription Receipts”). The pricing and terms of the Offering will be determined in the context of the market.
On June 29, 2021, the Company announced that it had entered into a non-binding letter of intent with ASX-listed Kingsgate Consolidated Limited (“Kingsgate”), an arm’s length party to TDG, to acquire Kingsgate’s “Nueva Esperanza” silver-gold advanced exploration and development project, located in the Maricunga Belt of the Atacama Region of Northern Chile (the “Acquisition”). The Subscription Receipts will be convertible into equity securities of the Company, and the proceeds of the Offering will be used to fund the closing purchase price payment to Kingsgate, to conduct an initial exploration program on the Nueva Esperanza property, and for general working capital purposes.
The Acquisition will be transformative for TDG, creating a leading silver-focused precious metals company with the strategic objective of accelerating both Nueva Esperanza in the Maricunga and TDG’s Shasta project in BC’s Toodoggone Production Corridor to production decisions by the end of 2024.
About TDG Gold Corp.
TDG is a major holder of mineral claims and mining leases in the historical Toodoggone Production Corridor of north-central British Columbia, Canada, with over 23,000 hectares of brownfield and greenfield exploration opportunities under direct ownership or earn-in agreement. TDG’s flagship projects in the Toodoggone are the former producing, high-grade gold-silver Shasta, Baker and Mets mines which are all road accessible, produced intermittently between 1981-2012, and have over 65,000 metres of historical drilling. In 2021, TDG proposes to advance the projects through compilation of historical data, new geological mapping, geochemical and geophysical surveys, and drill testing of the known mineralization occurrences and their extensions. The proposed acquisition of the Nueva Esperanza project would add a second, more advanced project to TDG’s portfolio. TDG currently has 64,423,459 common shares issued and outstanding.
ON BEHALF OF THE BOARD
Chief Executive Officer
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