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 $1,000,000, including anticipated insider participation of up to $200,000.
The private placement will be comprised of up to 2,857,142 units of the Company (the “Units”) at a price of $0.35 per Unit. Each Unit will be comprised of one common share and one transferable common share purchase warrant (each, a “Warrant”). Each Warrant will entitle the holder to purchase one additional common share of the Company at an exercise price of $0.55 for a period of two years from closing of the private placement. The proceeds from the sale of the Units will be used to advance exploration of the Company’s mineral properties in the Golden Triangle of northwestern B.C. and for general corporate and working capital purposes. 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.
Contact Information
Aris Morfopoulos
Financial Relations
Phone:604-721-2650
Email:[email protected]
Cathy Hume
CHF Capital Markets
Phone:416-868-1079 Ex 231
Email:[email protected]