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CORRECTION: Tudor Gold Updates Information Respecting Non-brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - July 16, 2018) - Tudor Gold Corp. (TSXV: TUD) ...
About this update from Tudor Gold Corp.
[{"type":"text","content":"CORRECTION: Tudor Gold Updates Information Respecting Non-brokered Private PlacementVancouver, British Columbia--(Newsfile Corp. - July 16, 2018) - Tudor Gold Corp. (TSXV: TUD) (FSE: TUC) (the \"Company\" or \"Tudor Gold\") provides a correction as to the number of Units issuable under its planned non-brokered private placement to raise gross proceeds of up to $1,000,000. Under the private placement, up to 2,857,142 Units may be issued (not 1,000,000 Units as previously disclosed in the Company's July 13, 2018 news release). A complete and corrected version of the original news release follows:***Vancouver, British Columbia — July 13, 2018 - Tudor Gold Corp. (TSXV: TUD) (FSE: TUC) (the \"Company\" or \"Tudor Gold\") is pleased to announce that it plans to arrange for a non-brokered private placement to raise gross proceeds of up to $1,000,000, including anticipated insider participation of up to $200,000.The private placement will be comprised of up to 2,857,142 units of the Company (the \"Units\") at a price of $0.35 per Unit. Each Unit will be comprised of one common share and one transferable common share purchase warrant (each, a \"Warrant\"). Each Warrant will entitle the holder to purchase one additional common share of the Company at an exercise price of $0.55 for a period of two years from closing of the private placement.The proceeds from the sale of the Units will be used to advance exploration of the Company's mineral properties in the Golden Triangle of northwestern B.C. and for general corporate and working capital purposes.All securities to be issued pursuant to the private placement will be subject to a four month hold period from the closing date under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada. The private placement is subject to all necessary regulatory approvals including from the TSX Venture Exchange.About Tudor Gold Tudor Gold is a precious and base metals explorer in British Columbia's Golden Triangle, an area which hosts multiple past-producing mines and several large world-class deposits that are approaching potential development. The Company has a 60% interest in both the Electrum and Treaty Creek properties, and a 100% interest in several other mineral properties, all of which are locate...