04:52 PM EDT, 07/14/2025 (MT Newswires) -- TDG Gold ( TDGGF ) after trade Monday said it closed a bought-deal financing of common and flow-through shares that raised $28.76 million and completed the acquisition of Anyox Copper.

Following the transaction, Anyox shareholders now own 20% of TDG's outstanding shares, the company said, adding that it has appointed Paul Geddes as vice president of corporate development.

"We can finally explore the full potential of our district-scale mineral tenures in the Toodoggone; and we are truly excited to become a first mover back into the former producing Anyox District," Chief Executive Fletcher Morgan said.

The Anyox Project, located at the southern edge of B.C.'s Golden Triangle, includes the high-grade Hidden Creek copper mine and several near-surface mineral occurrences along a 12-=kilometer corridor with tidewater access. The project "represents an accessible district with both rediscovery and new discovery potential," the company added.

The company raised gross proceeds of nearly $28.8 million via the offering. The issued securities are subject to a hold period until November 15, and the offering is pending final TSX Venture Exchange approval.

TDG shares closed down $0.01 to $0.61 on the TSX Venture Exchange.