Business
Tudor Gold Announces Non-Brokered Private Placement of Flow-Through Shares
Vancouver, British Columbia--(Newsfile Corp. - November 29, 2019) - Tudor Gold Corp. (TSXV: TU...
About this update from Tudor Gold Corp.
[{"type":"text","content":"Tudor Gold Announces Non-Brokered Private Placement of Flow-Through SharesVancouver, British Columbia--(Newsfile Corp. - November 29, 2019) - Tudor Gold Corp. (TSXV: TUD) (FSE: TUC) (the \"Company\" or \"Tudor Gold\") is pleased to announce that the Company intends to complete a non-brokered private placement of up to 6,000,000 flow-through common shares at a price of $0.50 per share (the \"FT Shares\") for aggregate gross proceeds of up to $3,000,000 (the \"Offering\"). The proceeds from the sale of the FT Shares will be used to fund the exploration of the Company's Treaty Creek properties in the Golden Triangle of Northwestern B.C.The Company has agreed to pay certain finder's fee equal to 6% of the gross proceeds raised from the sale of the FT Shares to purchasers introduced to the Company by such finders as well as non-transferrable warrants (\"Finder Warrants\") equal to 4% of the total number of FT Shares sold to purchasers introduced to the Company by such finders. Each Finder Warrant entitles the holder to acquire one common share of Tudor Gold at $0.50 for a period of two years from closing. All securities to be issued pursuant to the above referenced Offering will be subject to a statutory four-month hold period. The Offering is subject to regulatory approval, including the approval of the TSXV.About Tudor Gold Tudor Gold is a precious and base metals explorer with properties in British Columbia's Golden Triangle, 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. The Company also has a 60% interest in the Electrum project, earn in options and 100% interests in other prospective projects located in the Golden Triangle area.\"Walter Storm\"Walter StormPresident and Chief Executive OfficerFor further information, please visit the company's website at www.tudor-gold.com or contact: Catalin KilofliskiDirector Corporate Development and CommunicationsTel. 604-559-8092Email: [email protected] Statements regarding Forward-Looking InformationCertain statements contained in this press release constitute forward-looking information...