Tanzanian Gold Corporation

10:34 AM EST - Tanzanian Gold Corporation : Says its Board of Directors is pleased to announce the entering into subscription agreements for the sale of 606,165 common shares at $0.5774 per share raising $350,000 in the aggregate with three investors.The proceeds from the sale of common shares will be used in furtherance of the Company’s Three-Phase Drill Program at the Buckreef Project previously announced. Tanzanian Gold Corporation

shares T.TNX are trading up $0.02 at $1.10.