TUDOR GOLD Corp. (“TUDOR” or the “Company”) (TSXV: TUD) (FSE: TUC) announces that it has entered into an agreement (the “Amending Agreement”) with John Bot (the “Optionor”) amending certain payment terms of the original option agreement (the “ Original Option Agreement”) to acquire a 100% interest in the Doc Property (the “Property”).
The Amending Agreement provides for the issuance of 150,000 common shares (the “Shares”) of the Company at $0.30 per Share in lieu of a cash payment of $50,000 due on September 15, 2018 as well as an extension of the remaining scheduled payments. The balance of payments and all other terms of the Original Option Agreement remain as set out in the Original Option Agreement. Payment schedule per the Amending Agreement as follows: $50,000 due on or before November 20, 2018 has been extended to August 29, 2019; and $1,825,000 due on or before November 20, 2019 has been extended to August 29, 2020
Contact Information
Cathy Hume
CHF Capital Markets
Phone:416-868-1079 Ex 231
Email:[email protected]
