BRIEF-Tanzanian Royalty announces $5 mln financing for mining development

Thu Sep 1, 2016 7:25pm EDT
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Sept 1 (Reuters) - Tanzanian Royalty Exploration Corp

* Tanzanian Royalty announces $5 million financing for mining development

* Funds will be used to expand production team necessary to bolster development of co's Buckreef Gold mine in Tanzania

* In second round of financing, company is expected to issue a convertible note and warrants for US$3.75 million Source text for Eikon: Further company coverage: