Business
Tudor Gold Closes $350,000 Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - July 5, 2018) - Tudor Gold Corp. (TSXV: TUD) (...
About this update from Tudor Gold Corp.
[{"type":"text","content":"Tudor Gold Closes $350,000 Non-Brokered Private PlacementVancouver, British Columbia--(Newsfile Corp. - July 5, 2018) - Tudor Gold Corp. (TSXV: TUD) (FSE: TUC) (the \"Company\" or \"Tudor Gold\") is pleased to announce that it has closed a non-brokered private placement under which it has raised gross proceeds of $350,000. The private placement was comprised of 1,000,000 units of the Company (the \"Units\") at a price of $0.35 per Unit, with each Unit comprised of one common share and one transferable common share purchase warrant (each, a \"Warrant\"). Each Warrant entitles the holder to purchase one additional common share of the Company at an exercise price of $0.55 for a period of two years.The proceeds from the sale of the Units will be used to advance exploration of the Company's Treaty Creek properties in the Golden Triangle of northwestern B.C. and for general corporate and working capital purposes.In connection with the private placement, the Company paid a cash finder's fee of $21,000 (equal to 6% of the gross proceeds of the private placement) and issued 60,000 non-transferable finder's warrants, with each finder's warrant exercisable for a common share of the Company at an exercise price of $0.45 for a period of two years.All securities issued pursuant to the private placement are subject to a four month hold period under applicable Canadian securities laws.About Tudor Gold Tudor Gold is a precious and base metals explorer in British Columbia's Golden Triangle, an area which hosts multiple past-producing mines and several large world-class deposits that are approaching potential development. The Company has a 60% interest in both the Electrum and Treaty Creek properties, and a 100% interest in several other properties 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: Aris MorfopoulosChief Financial Officer & Corporate SecretaryTel: 604-721-2650Email: [email protected] Capital MarketsCathy HumeCEOTel: 416-868-1079 x 231Email: [email protected] Statements regarding Forward-Looking InformationCertain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use o...