TORONTO, March 04, 2019 (GLOBE NEWSWIRE) -- Tanzanian Royalty Exploration Corporation's (TSX:TNX) (NYSE AMERICAN:TRX) (the "Company’s”) Board of Directors is pleased to announce that it has completed the sale of 625,557 common shares raising $281,000 in the aggregate previously announce in its press release of February 27, 2019.
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.
Respectfully Submitted,
"James E. Sinclair"
James E. Sinclair
Executive Chairman
For further information, please contact Michael Martin, Investor Relations, m.martin@tanzaninaroyalty.com, 860-248-0999, or visit the Company website at www.tanzanianroyalty.com
| CONNECTICUT OFFICE: | TORONTO OFFICE: |
| PO Box 577 | 82 Richmond Street West |
| Sherman, CT | Suite 208 |
| U.S.A. 06784 | Toronto, Ontario M5C 1P1 |
| Fax: (860) 799-0350 | Toll Free (844) 364-1830 |
| investors@TanzanianRoyalty.com | www.TanzanianRoyaltyExploration.com |