VANCOUVER, March 30, 2015 /CNW/ - Tanzania Minerals Corp.
(the "Company" or "TZM") (TSX-V: TZM.V) (FRANKFURT: TM0.F) is pleased to
announce that the TSX Venture Exchange has accepted for expedited
filing, documentation of an Asset Purchase Agreement dated
October 21, 2014 between between
Tanzania Minerals Corp. (the "Company") and Twigg Gold Limited (the
"Vendor".)
Acquisition of Gold Assets
The Company is pleased to confirm that the TSX Venture Exchange
has accepted the agreement for expedited filing whereby the Company
may acquire a 75% interest in the Igurubi project and 90% interest
in the Msasa project located in Tanzania (collectively, the "Properties"). The
consideration payable to the Vendor consists of U.S. $350,000.00 cash and 7,000,000 common shares of
the Company.
The Company continues to work with Twigg Gold Ltd. to bring the
closing conditions of the transaction to completion and bring the
transaction to a close. The Company will provide additional updates
in a timely matter.
For further information please refer to the Company's news
release dated October 21, 2014.
About Tanzania Minerals Corp.
Tanzania Minerals Corp. is an emerging junior exploration
company trading on the TSX Venture Exchange. The Company has an
extensive portfolio of projects in Tanzania. Additional information on Tanzania
Minerals Corp., including technical reports and other public
documents are available on SEDAR at www.sedar.com or on the
Company's website at www.tanzaniaco.com.
Additional information on Tanzania Minerals Corp., including
technical reports and other public documents is available on SEDAR
at www.sedar.com or on the Company's website at
www.tanzaniaco.com.
On behalf of the Board of Directors of Tanzania Minerals
Corp.
"James Walchuck"
James Walchuck,
Chairperson
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Statements included in this announcement, including statements
concerning our plans, intentions and expectations, which are not
historical in nature are intended to be, and are hereby identified
as, "forward looking statements". Forward looking statements may be
identified by words including "anticipates", "believes", "intends",
"estimates", "expects" and similar expressions. The Company
cautions readers that forward looking statements, including without
limitation those relating to the Company's future operations and
business prospects are subject to certain risks and uncertainties
that could cause actual results to differ materially from those
indicated in the forward looking statements.
SOURCE Tanzania Minerals Corp