Business
Tudor Gold Announces Closing of $11.5 Million Brokered LIFE Offering, with Participation by Eric Sprott
Vancouver, British Columbia--(Newsfile Corp. - December 15, 2025) - Tudor Gold Corp. (TSXV: TUD) (FSE: H56) (the "Company" or "Tudor Gold") is pleased to...
About this update from Tudor Gold Corp.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - December 15, 2025) - Tudor Gold Corp. (TSXV: TUD) (FSE: H56) (the "Company" or "Tudor Gold") is pleased to announce that it has closed its previously announced brokered, best-efforts private placement offering (the "Offering") of 14,375,000 units of the Company (the "Units") at a price of $0.80 per Unit for aggregate gross proceeds of $11.5 million, including the full exercise of the over-allotment option. The Offering was led by Research Capital Corporation, as the lead agent and sole bookrunner and Roth Canada, Inc. (collectively, the "Agents").","length":650,"tagName":"p"},{"type":"text","content":"Each Unit consists of one common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each whole Warrant entitles the holder thereof to purchase one Common Share at an exercise price of $1.20 per Common Share for a period of 24 months following the closing of the Offering.","length":365,"tagName":"p"},{"type":"text","content":"The Offering was completed by way of the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions ("Listed Issuer Financing Exemption"). The Units offered under the Listed Issuer Financing Exemption will be immediately "free-trading" upon closing of the Offering under applicable Canadian securities laws.","length":370,"tagName":"p"},{"type":"text","content":"The net proceeds from the Offering will be used for working capital and general corporate purposes.","length":99,"tagName":"p"},{"type":"text","content":"A related party of the Company acquired 2,500,000 Common Shares and 1,250,000 Warrants pursuant to the Offering. The issuance of such securities to this related party is considered to be a related party transaction within the meaning of TSXV Policy 5.9 and Multilateral Instrument 61-101 ("MI 61-101"). The Company has relied on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 (and Policy 5.9) as the fair market value of the securities issued to such party does not exceed 25% of the Company's market capitalization. The Company did not file a material change report in respect of the related party tra...