 VANCOUVER, British Columbia, Dec. 21, 2020 GLOBE NEWSWIRE -- Tanzanian Gold Corporations TSX:TNX NYSE American:TRX the Companys Board of Directors is pleased to announce the entering into subscription agreements for the sale of 5,545,325 common shares and warrants to purchase 2,772,637 common shares raising in 2,993,390 in the aggregate with certain investors. The common shares and warrants were sold at a fixed combination price of 0.5398 for each common share and a one-half purchase warrant with the right of each whole warrant to purchase one common share at 1.50 for a period of three years. 