Tanzanian Royalty Announces $5 Million Financing for Mining Development

September 2nd, 2016

Buckreef – Short Video
Screen Shot 2016-09-02 at 9.10.19 AMBuckreef – Short Video

September 1, 2016: Tanzanian Royalty Exploration Corporation (TSE: TNX; NYSE MKT: TRX) (the “Company”) is pleased to announce that it has closed the first tranche of a $5 Million private placement of securities with Crede CG III, Ltd, a wholly-owned subsidiary of Crede Capital Group, LLC, a long-only family office that invests in emerging growth companies. Funds will be used by the Company’s to expand its production team necessary to bolster development of the Company’s Buckreef gold mine in Tanzania.160901 TNX NR – Financing