Tudor Gold Corp. Announces $1,080,000 Non-Brokered Private Placement

Tudor Gold Corp. Announces $1,080,000 Non-Brokered Private Placement

Vancouver, BC – August 31, 2018 – Tudor Gold Corp. (TSXV: TUD) (FSE: TUC) (the "Company" or "Tudor Gold") is pleased to announce that it plans to arrange for a non-brokered private placement to raise gross proceeds of up to $1,080,000.

Private Placement

The private placement will be comprised of up to 4,000,000 units of the Company (the "Units") at a price of $0.27 per Unit. Each Unit will be comprised of one common share of the Company (each, a "Share") and one transferable common share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder to purchase one additional Share of the Company at an exercise price of $0.40 for a period of one year from closing of the private placement.

The proceeds from the sale of the Units will be used to increase working capital and to advance exploration of the Company's mineral properties in the Golden Triangle of northwestern B.C.

All securities to be issued pursuant to the private placement will be subject to a four month hold period from the closing date under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada. The private placement is subject to all necessary regulatory approvals including from the TSX Venture Exchange (the "TSXV").

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 mineral properties, all of which are located in the Golden Triangle area.

 

"Walter Storm"

Walter Storm

President and Chief Executive Officer

 

 

For further information, please visit the Company's website at www.tudor-gold.com or contact: 

 

CHF Capital Markets

Cathy Hume

CEO

Tel: 416-868-1079 x 231

Email: cathy@chfir.com

 

Cautionary Statements regarding Forward-Looking Information:

 Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially.

All statements including, without limitation, statements relating to the anticipated use of proceeds from the Offering and receipt of final regulatory approvals with respect to the Offering as well as any other future plans, objectives or expectations of the Company are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) 

accepts responsibility for the adequacy or accuracy of this release.