Tanzanian Royalty Completes Second Tranche of $5 Million Financing for Mining Development
TORONTO, ONTARIO--(Marketwired - Sept. 27, 2016) - Tanzanian Royalty Exploration Corporation (TSX: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.
