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Tudor Gold Announces Date of Annual General and Special Meeting and Entering into of Amended and Restated Arrangement Agreement
Vancouver, British Columbia--(Newsfile Corp. - July 8, 2022) - Tudor Gold Corp. ( TSXV: TUD ) ...
About this update from Tudor Gold Corp.
[{"type":"text","content":"Tudor Gold Announces Date of Annual General and Special Meeting and Entering into of Amended and Restated Arrangement AgreementVancouver, British Columbia--(Newsfile Corp. - July 8, 2022) - Tudor Gold Corp. (TSXV: TUD) (FSE: TUC) (the \"Company\" or \"Tudor Gold\") is pleased to announce that its annual general and special meeting of the shareholders of the Company (the \"Meeting\") will be held on September 7, 2022.Additionally, further to the Company's news releases dated July 13, 2021 and February 1, 2022 (the \"Initial News Releases\"), Tudor Gold has entered into an amended and restated arrangement agreement dated July [8], 2022 (the \"Amended Agreement\") with Goldstorm Metals Corp. (\"Goldstorm\"), its wholly-owned subsidiary, in connection with the proposed spin-off of the Company's six contiguous mineral properties located in the Golden Triangle Area in northwestern British Columbia (collectively, the \"Crown Property\") by way of plan of arrangement (the \"Arrangement\"). Pursuant to the Amended Agreement, among other things:Tudor Gold shareholders will receive approximately 0.251 of a common share of Goldstorm for every one common share of Tudor Gold held; andGoldstorm will acquire the Crown Property in consideration for Goldstorm issuing 49,847,967 Goldstorm Shares to Tudor Gold.At the Meeting, the Company's shareholders will be asked to approve, among other things, the aforementioned spin-off transaction.For more information on the Arrangement, please refer to the Initial News Releases. Additional details on the Arrangement will be included in the information circular to be mailed to shareholders of Tudor Gold in connection with the upcoming Meeting.About Tudor GoldTUDOR GOLD Corp. is a precious and base metals exploration and development company with properties in British Columbia's Golden Triangle (Canada), an area that hosts producing and past-producing mines and several large deposits that are approaching potential development. The 17,913 hectare Treaty Creek project (in which TUDOR GOLD has a 60% interest) borders Seabridge Gold Inc.'s KSM property to the southwest and borders Pretium Resources Inc.'s Brucejack property to the southeast. In April 2021 Tudor published their 43-101 technical report, \"Technical Report and Initial Mineral Resource Estimate of the Treaty Creek Gold Property, Skeena Mining Division,...