Business
Tudor Gold Announces $10 Million Financing with Participation by Eric Sprott
Base Shelf Prospectus Accessible and Prospectus Supplement to be Accessible on SEDAR+ within 2 Bu...
About this update from Tudor Gold Corp.
[{"type":"text","content":"Tudor Gold Announces $10 Million Financing with Participation by Eric SprottBase Shelf Prospectus Accessible and Prospectus Supplement to be Accessible on SEDAR+ within 2 Business DaysNOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.Vancouver, British Columbia--(Newsfile Corp. - May 14, 2025) - Tudor Gold Corp. (TSXV: TUD) (FSE: H56) (the \"Company\" or \"Tudor Gold\") announces that it has entered into an agreement with Research Capital Corporation, as the lead agent and sole bookrunner (the \"Lead Agent\"), on behalf of a syndicate of agents (collectively, the \"Agents\"), in connection with a best efforts offering of securities of the Company (the \"Offered Securities\") for aggregate gross proceeds to the Company of approximately $10,000,000 in a combination of:non-flow-through units of the Company (the \"NFT Units\") at a price of $0.50 per NFT Unit, to be issued under a prospectus supplement to the Company's final short form base shelf prospectus dated August 2, 2023 (\"Prospectus Offering\"). Each NFT Unit will consist of one common share of the Company (a \"Common Share\") and one-half of one Common Share purchase warrant (each whole warrant, a \"Warrant\");flow-through units of the Company to be sold to charitable purchasers (the \"Charity FT Units\") at a price of $0.75 per Charity FT Unit, to be issued pursuant to the Prospectus Offering. Each Charity FT Unit will consist of one Common Share that will qualify as \"flow-through share\" within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the \"Tax Act\") that will be issued as part of a charity arrangement and one-half of one Warrant; andflow-through units of the Company (the \"FT Units\") at a price of $0.60 per FT Unit, to be issued under a private placement pursuant to applicable prospectus exemptions in accordance with National Instrument 45-106 - Prospectus Exemptions (\"NI 45-106\") (\"Private Placement Offering\", and together with the Prospectus Offering, the \"Offerings\"). Each FT Unit will consist of one Common Share that will qualify as \"flow-through shares\" within the meaning of subsection 66(15) of the Tax Act and one-half of one Warrant.Each whole Warrant shall entitle the holder thereof to purchase one Common Share (a \"Warrant Share\") at an exercise price of $0.75 per Warrant Share ...