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Stock impact report

Tanzanian Gold Corporation Announces Public Offering of Common Shares

TRX Gold Corporation (TRX) 
NASDAQ:AMEX Investor Relations: tanzanianroyalty.com
Company Research Source: GlobeNewswire
TORONTO, Aug. 09, 2019 (GLOBE NEWSWIRE) -- Tanzanian Gold Corporation, (TSX:TNX) (NYSE American:TRX) (the “Company”) announced today that it has commenced an underwritten public offering of up to 4,000,000 Common Shares at $0.75 per share.  R.F. Lafferty Co., Inc. is acting as underwriter to offer and sell the Common Shares on a “best efforts” basis.  The Company intends to use the net proceeds from the offering in furtherance of a deep underground geophysical survey and the continuation and completion of Phase II drilling at the Buckreef Project.  Importantly, proceeds will also be used for the further construction of the resource-geology model and overall gold resource assessment at the Buckreef Project. Finally, and to a significantly lesser extent, proceeds will be used for working capital and other general corporate expenses.  The offering will be made pursuant to the Company's existing effective shelf registration statement, previously filed with the Securities and Exchange C Show less Read more
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