Vancouver, BC – December 6, 2019 – Tudor Gold Corp. (TSX.V: TUD) (Frankfurt: TUC) (the “Company” or “Tudor Gold”) is pleased to announce that the Company has closed its previously announced non-brokered private placement consisting of 6,000,000 flow-through common shares (the “FT Shares”) at a price of $0.50 per FT Share (the “Offering“) for aggregate gross proceeds of $3,000,000.

The proceeds from the sale of the FT Shares will be used to fund exploration on the Company’s Treaty Creek Project.

In connection with the Offering, the Company paid certain finders an aggregate total cash finder’s fee of 6% of the gross proceeds of the Offering and issued an aggregate total of 240,000 non-transferrable finder’s warrants.  Each finder’s warrant entitles the holder to acquire one common share of Tudor Gold for an exercise price of $0.50 per share for a period of two years from closing.

All securities issued pursuant to the Offering is subject to a statutory four-month hold period. The Offering is subject to receipt of final approval of the TSX Venture Exchange.

Contact Information

Catalin Kilofliski

Director Corporate Development and Communications
Phone:+1 604 559 8092
Email:[email protected]