TRX Gold Announces US ATM Offering

TORONTO, May 12, 2023 (GLOBE NEWSWIRE) — TRX Gold Corporation (TSX:TNX) (NYSE American: TRX) (the “Company” or “TRX Gold”) today announced that it has entered into an At The Market Offering Agreement with H.C. Wainwright & Co., LLC as Lead Agent and Roth Capital Partners, LLC as Co-Agent, pursuant to which the Company, at its discretion, may offer and sell, from time to time, through the Lead Agent, common shares without par value (the “Shares”) having an aggregate offering price of up to US$10,000,000 (the “Offering”). The Offering is being made in the United States pursuant to a registration statement on Form F-3 (File No. 333-255526) filed under the Securities Act of 1933, as amended (the “Securities Act”), with the Securities and Exchange Commission (the “Commission”) and declared effective on May 21, 2021 (the “Registration Statement”), and the related Prospectus dated April 27, 2021, (the “Base Prospectus”) and the Prospectus Supplement dated May 12, 2023 (“Prospectus Supplement”, together with Base Prospectus, the “Prospectus”) filed with the Commission.

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