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Tudor Gold Announces Increase of Non-Brokered Private Placement for Proceeds of Up to $2.3 Million
Vancouver, British Columbia--(Newsfile Corp. - June 5, 2019) - Tudor Gold Corp. (TSXV: TUD) (F...
About this update from Tudor Gold Corp.
[{"type":"text","content":"Tudor Gold Announces Increase of Non-Brokered Private Placement for Proceeds of Up to $2.3 MillionVancouver, British Columbia--(Newsfile Corp. - June 5, 2019) - Tudor Gold Corp. (TSXV: TUD) (FSE: TUC) (the \"Company\" or \"Tudor Gold\") is pleased to announce that due to significant investor interest, it will increase the size of its non-brokered private placement (the \"Offering\") of flow-through units of the Company (\"FT Units\") and non-flow-through units of the Company (\"Non-FT Units\"), originally announced in the Company's press release dated May 28, 2019, by a further $300,000 of FT Units, such that aggregate gross proceeds of the Offering will be up to $2,300,000. The Company will now issue up to 5,625,000 FT Units at a purchase price of $0.32 per FT Unit, for gross proceeds of up to $1,800,000, and up to 1,666,667 Non-FT Units under the Offering, at a purchase price of $0.30 per Non-FT Unit for gross proceeds of up to $500,000. The Offering, which remains subject to the approval of the TSX Venture Exchange, is anticipated to close on or about June 6, 2019 (the \"Closing Date\"). For further details on the FT Units and the Non-FT Units, please see the Company's press release dated May 28, 2019.All securities to be issued pursuant to the Offering will be subject to a four month hold period commencing on the Closing Date, in accordance with applicable Canadian securities laws, in addition to any other restrictions applicable under the policies of the Exchange or securities laws of jurisdictions outside Canada where the FT Units and Non-FT Units are sold.The Company may pay finder's fee to arm's length finders for the sale of the FT Units and Non-FT Units. The Offering is subject to all necessary regulatory approvals, including the approval of the Exchange. About Tudor GoldTudor Gold is a precious and base metals explorer with properties in British Columbia's Golden Triangle, an area that hosts 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. The Company also has a 60% interest in the Electrum project, and 100% interests in other prospective projects located in the G...