TUDOR GOLD announces Investor Relation Agreement
Vancouver, British Columbia – June 19, 2019 – Tudor Gold Corp. (TSXV: TUD) (Frankfurt: TUC) (the “Company” or “Tudor Gold”) is pleased to announce that, subject to regulatory approval, it has retained Ringler Consulting and Research GmbH (“Ringler“) to provide investor relations consulting services in Europe to the Company in compliance with the policies and guidelines of the TSX Venture Exchange (“TSXV”) and other applicable legislation.
Under the terms of the agreement, Ringler will receive an average of 2,000€ per month, based on number of hours worked. The agreement is effective June 11, 2019 and will continue for a period of 12 months, with an option for renewal, unless terminated by either party providing one-month’s written notice. There are no performance factors contained in the agreement.
Pursuant to the Agreement, the Company will also grant 150,000 incentive stock options (the “Options”) to Ringler under the Company’s stock option plan (the “Stock Option Plan”). Subject to the policies of the TSX Venture exchange and the terms and conditions of the Stock Option Plan, the Options will have an exercise price equal $0.38 and shall expire five years from the date of issuance and shall vest as follows: (i) 37,500 options shall vest on the date that is 3 months after the grant date; (ii) an additional 37,500 options shall vest on the date that is 6 months after the grant date; (iii) an additional 37,500 options shall vest on the date that is 9 months after the grant date; and (iv) an additional 37,500 options shall vest on the date that is 12 months after the grant date.
Ringler and the Company are unrelated and unaffiliated entities. Ringler is owned by Carsten Ringler. The entering into of the Agreement and the grant of the Options thereunder are subject to the approval of the TSX Venture Exchange.
Shares for Debt Agreement
Tudor Gold also announces that it has entered into a debt settlement agreement whereby the Company will issue 79,365 Common Shares at a per share price of $0.315 (the “Settlement Shares”) to settle a debt in the amount of $25,000 to Greenwood Environmental Inc. as compensation for providing certain permitting services to the Company. The issuance of the Settlement Shares has been approved the TSX Venture Exchange. The Settlement Shares are subject to a statutory four-month hold period in accordance with applicable securities laws.
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 earn in options and 100% interests in other prospective projects located in the Golden Triangle area.
Director Corporate Development and Communications
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.