Business
Tudor Gold Closes Acquisition of American Creek
Vancouver, British Columbia--(Newsfile Corp. - September 4, 2025) - Tudor Gold Corp. (TSXV: TUD...
About this update from Tudor Gold Corp.
[{"type":"text","content":"Tudor Gold Closes Acquisition of American CreekVancouver, British Columbia--(Newsfile Corp. - September 4, 2025) - Tudor Gold Corp. (TSXV: TUD) (FSE: H56) (\"Tudor\" or the \"Company\") is pleased to report the completion of the acquisition (the \"Transaction\") of American Creek Resources Ltd. (\"American Creek\" or \"AMK\") to increase its interest to 80% in the Treaty Creek Project, located in the Golden Triangle in northwest British Columbia.The Transaction was completed pursuant to the arrangement agreement (\"Arrangement Agreement\") previously announced on June 26, 2025. Under the terms of the Arrangement Agreement, Tudor has acquired all of the issued and outstanding common shares of American Creek, which is now a wholly-owned subsidiary of Tudor. Each American Creek shareholder received 0.238 of a common share of Tudor for each American Creek share held (the \"Exchange Ratio\"). Each AMK option was replaced with replacement options pursuant to the Arrangement Agreement, exercisable for Tudor Shares at the Exchange Ratio. All other terms and conditions of the replacement options, including the term of expiry, vesting, conditions to and manner of exercising, are the same as the AMK options for which they were exchanged. Warrants to purchase common shares of AMK, will continue to remain outstanding as warrants of AMK which, upon exercise, will entitle the holder thereof to receive the Tudor Shares at the Exchange Ratio in lieu of a common share of AMK for each warrants so exercised.\"We welcome the American Creek shareholders to Tudor and are pleased with the increase in our interest to 80% in the Treaty Creek Project, which hosts one of the largest gold discoveries in Canada with excellent potential for expansion and high-grade mineralization,\" commented Joe Ovsenek, President and CEO of Tudor Gold. \"With our increased ownership of the Treaty Creek Project, Tudor is now positioned to attract a wider range of potential investors as we continue to strengthen the company to build on our exploration success and advance Treaty Creek on the path toward production.\"Tudor settled $1,000,000 in severance payments in cash and issued an aggregate of 2,273,244 common shares in the capital of Tudor at a per share price of $0.537 in settlement of $1,220,733 in severance payments to certain former insiders of AMK (the \"Settlement Sh...