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

Catalin Kilofliski

Director Corporate Development and Communications

Phone:+1 604 559 8092

Carsten Ringler

Head of Investor Relations and Communications

Phone:+1 604 559 8092 or +49 151 55362000

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.

Cautionary Statements regarding Forward-Looking Information

This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. “Forward-looking information” includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including  the completion and anticipated results of planned exploration activities. Generally, but not always, forward-looking information and statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connation thereof.

Such forward-looking information and statements are based on numerous assumptions, including among others, that the Company’s planned exploration activities will be completed in a timely manner. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.

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.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.

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.