VANCOUVER, BC, July 8, 2022 – Tudor Gold Corp. (TSXV: TUD) (Frankfurt: TUC) (the “Company” or “Tudor Gold“) is pleased to announce that its annual general and special meeting of the shareholders of the Company (the “Meeting”) will be held on September 7, 2022.
Additionally, further to the Company’s news releases dated July 13, 2021 and February 1, 2022 (the “Initial News Releases”), Tudor Gold has entered into an amended and restated arrangement agreement dated July [8], 2022 (the “Amended Agreement”) with Goldstorm Metals Corp. (“Goldstorm”), its wholly-owned subsidiary, in connection with the proposed spin-off of the Company’s six contiguous mineral properties located in the Golden Triangle Area in northwestern British Columbia (collectively, the “Crown Property”) by way of plan of arrangement (the “Arrangement”). Pursuant to the Amended Agreement, among other things:
- Tudor Gold shareholders will receive approximately 0.251 of a common share of Goldstorm for every one common share of Tudor Gold held; and
- Goldstorm will acquire the Crown Property in consideration for Goldstorm issuing 49,847,967 Goldstorm Shares to Tudor Gold.
At the Meeting, the Company’s shareholders will be asked to approve, among other things, the aforementioned spin-off transaction.
For more information on the Arrangement, please refer to the Initial News Releases. Additional details on the Arrangement will be included in the information circular to be mailed to shareholders of Tudor Gold in connection with the upcoming Meeting.
For further information, please visit the Company’s website at www.tudor-gold.com or contact:
Chris Curran
Head of Corporate Development and Communications
Phone: (604) 559 8092
E-Mail: [email protected]
Carsten Ringler
Head of Investor Relations and Communications
Phone: +49 151 55362000
E-Mail: [email protected]