VANCOUVER, BC, August 10, 2022 – Tudor Gold Corp. (TSXV: TUD) (Frankfurt: TUC) (the “Company” or “Tudor Gold“) announces that, further to the Company’s news releases dated July 13, 2021, February 1, 2022, July 8, 2022 and August 4, 2022 (the “Initial News Releases”), the Company has entered into an amended and restated arrangement agreement dated August 10, 2022 (the “AmendedAgreement”) 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”).
Further to the Company’s news release dated August 4, 2022 and pursuant to the Amended Agreement, the Company clarifies that August 3, 2022 is only the record date for voting at the Company’s annual general and special meeting to be held on September 7, 2022 (the “Meeting”) and that all Tudor Gold shareholders (as at a separate record date to be determined by the board of directors after the Arrangement has been approved by shareholders of the Company) will receive approximately 0.251 of a common share of Goldstorm for every one common share of Tudor Gold held.
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]