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Tanzanian Royalty Completes Second Tranche of $5 Million Financing for Mining Development

Posted By TRX Admin On September 28, 2016 @ 3:45 AM In Front Page News Releases,News Releases - Menu | Comments Disabled

Tanzanian Royalty Exploration Corporation (TSE: TNX; NYSE MKT: TRX) (the “Company”) is pleased to announce that it has closed the second 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.

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Article printed from Tanzanian Royalty Exploration Corporation: http://www.tanzanianroyalty.com

URL to article: http://www.tanzanianroyalty.com/2016/09/28/news-release-28-09-2016/

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[1] Please click here for full releasse: http://www.tanzanianroyalty.com/wp-content/uploads/2016/09/160927-TNX-News-Release.pdf

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