July 28, 2020
Vancouver, B.C.

TUDOR GOLD to rely on extended filing deadline for annual audited and quarterly financial statements and MD&A

TUDOR GOLD Corp. (TSXV: TUD) (Frankfurt: TUC) (the “Company” or “TUDOR GOLD”) has provided an update on the status of the filing of its:
  • Annual audited financial statements, the accompanying management’s discussion and analysis, and related chief executive officer and chief financial officer certifications for the filings ended March 31st, 2020, due July 29th, 2020 (the “Annual Statements”).
  • Quarterly financial statements, the accompanying management’s discussion and analysis, and related chief executive officer and chief financial officer certifications for the filings for the first quarter ended June 30th, 2020, due August 29th, 2020 (the “Interim Statements” and together with the Annual Statements, the “Filings”).

 

As a result of the COVID-19 pandemic, the Company will not be filing the Annual Statements by the statutory deadline of July 29, 2020, and may not be able to file the Interim Statements by the statutory deadline of August 29, 2020.  On May 20th, 2020 the British Columbia Securities Commission provided issuers with a temporary exemption from certain corporate finance requirements with deadlines during the period from June 2nd to August 31st, 2020. The Company will rely on this exemption with respect to the Filings in accordance with BC Instrument 51-517 –Temporary Exemption from Certain Corporate Finance Requirements with Deadlines during the Period from June 2 to August 31, 2020. The Company is continuing to work diligently and expeditiously to complete and file the Filings and currently expects to have them filed on or prior to the extended 45 day filing deadline.

 

Until the Filings are filed, management and other insiders of the Company continue to be subject to a trading black-out policy that reflects the principles in section 9 of National Policy 11-207 – Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions.  An update on material business developments since the filing of the Company’s last financial reports has been provided in prior press releases.

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 100% interest in the Electrum Project, earn in options and 100% interests in other prospective projects located in the Golden Triangle area.

Contact Information

Director Corporate Development and Communications

Catalin Kilofliski, Director Corporate Development and Communications
Phone: +1 604 559 8092
E-Mail: catalin@tudor-gold.com

Manager Investor Relations

Carsten Ringler, Manager Investor Relations
Phone: +49 1726918274
E-Mail: carsten.ringler@tudor-gold.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 other than statements of historical fact included in this release, including, without limitation, statements regarding analysis and re-interpretation of data, and potential mineralization and geological merits of the Treaty Creek Project and 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. Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Company’s expectations include actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements. 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.