 TORONTO, Feb. 11, 2021 GLOBE NEWSWIRE -- Tanzanian Gold Corporation TSX:TNX NYSE American:TRX TanGold, TRX or the Company, today announced that it has successfully closed the previously announced registered direct offering of 32,923,078 shares of its common stock at a purchase price of US0.65 per share. The Company also issued to the investors warrants to purchase up to an aggregate of 16,461,539 shares of common stock in a concurrent private placement. The common stock warrants will be exercisable six months after the date of issuance, have an exercise price of US0.80 per share and will expire five years from the date of issuance. 