TUDOR GOLD Corp. (TSXV: TUD) (FSE: TUC) (the “Company” or “TUDOR GOLD”) is pleased to announce that the Company has closed the second tranche of a previously announced non-brokered private placement (the “Offering”), consisting of 925,000 flow-through common shares of the Company (the “FT Shares”) at a price of $0.80 per FT Share, through an exclusive agreement with Secutor Capital Management Corp. (“Secutor”) as the selling agent, for aggregate gross proceeds of $740,000.
The proceeds from the sale of the FT Shares will be used to fund the significant drill program underway at the Company’s properties and other Canadian eligible expenditures in the Golden Triangle of Northwestern B.C. In connection with the Offering, the Company paid Secutor a cash finder’s fee equal to 6% of the gross proceeds raised through the sale of the FT Shares to purchasers introduced to the Company by Secutor, as well as non-transferrable warrants (“Finder Warrants”) equal to 6% of the total number of FT Shares sold to purchasers introduced to the Company by Secutor, each Finder Warrant entitling Secutor to acquire one common share of TUDOR GOLD at $0.85 for a period of two years from closing. All securities to be issued pursuant to the above referenced Offering will be subject to a statutory four-month hold period. The Offering is subject to final regulatory approval, including the final approval of the TSXV.
ON BEHALF OF THE BOARD OF DIRECTORS OF
TUDOR GOLD CORP.
For further information, please visit the Company’s website at www.tudor-gold.com or contact:
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