Tanzanian Royalty Exploration (TRX) Jumps on Private Placement

Tanzanian Royalty Exploration Corporation (NYSE MKT:TRX) shares rocketed 18.5% to 94 cents, on closing the first tranche of a $5 Million private placement of securities with Crede CG III, Ltd, a wholly-owned subsidiary of Crede Capital Group, LLC, a long-only family office that invests in emerging growth companies. Share volume was 261,000, compared to an all-day average of 537,000