Business
Tudor Closes First Tranche of Flow-Through Financing
Vancouver, British Columbia--(Newsfile Corp. - December 4, 2025) - Tudor Gold Corp. (TSXV: TUD) (FSE: H56) (the "Company" or "Tudor") reports that it has...
About this update from Tudor Gold Corp.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - December 4, 2025) - Tudor Gold Corp. (TSXV: TUD) (FSE: H56) (the "Company" or "Tudor") reports that it has closed the first tranche (the "First Tranche") of its non-brokered private placement (previously announced on November 18, 2025 and November 25, 2025) of up to 12.75 million flow-through units (the "Units") at a price of $0.95 per Unit for gross proceeds of up to approximately $12 million (the "Offering"). The First Tranche consisted of 11,919,709 Units for gross proceeds of $11,323,724.","length":594,"tagName":"p"},{"type":"text","content":"Each Unit will consist of one flow-through common share in the capital of the Company (a "Share") and one-half of one non-flow-through common share purchase warrant (a "Warrant"). The Shares will qualify as "flow-through shares" for purposes of the Income Tax Act (Canada) (the "Tax Act"). Each whole Warrant will entitle the holder to purchase one additional non-flow-through common share in the capital of the Company at an exercise price of $1.20 per common share for a period of two years from the date of issue.","length":556,"tagName":"p"},{"type":"text","content":"The gross proceeds from the issue and sale of the Units will be used for Canadian exploration expenses as defined in paragraph (f) of the definition of "Canadian exploration expense" in subsection 66.1(6) of the Tax Act, "flow through mining expenditures" as defined in subsection 127(9) of the Tax Act that will qualify as "flow-through mining expenditures", and "BC flow-through mining expenditures" as defined in subsection 4.721(1) of the Income Tax Act (British Columbia) (the "Qualifying Expenditures"), which will be incurred on or before December 31, 2026 and renounced with an effective date no later than December 31, 2025 to the initial purchasers of Units, and, if the Qualifying Expenditures are reduced by the Canada Revenue Agency, the Company will indemnify each Unit subscriber for any additional taxes payable by such subscriber as a result of the Company's failure to fully renounce the Qualifying Expenditures as agreed.","length":994,"tagName":"p"},{"type":"text","content":"In connection with the First Tranche, the Company paid fin...