Vancouver, British Columbia–(Newsfile Corp. – March 11, 2019) – Tudor Gold Corp. (TSXV: TUD) (FSE: TUC) (the “Company” or “Tudor Gold”) is pleased to announce that due to strong investor interest, the Company intends to increase the size of its non-brokered private placement of units (the “Units”) to up to 12,000,000 Units for total gross proceeds of up to $3,000,000 (the “Offering”).

As disclosed in the Company’s press release dated February 6, 2019 the Units will be sold at a price of $0.25 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 $0.40 for a period of one year from closing of the private placement, provided that commencing on the date that is four months and one day after closing of the offering, if the closing price of the Company’s common shares on the TSX Venture Exchange, or any other stock exchange on which the Company’s common shares are listed, is at a price greater than $1.00 per share for a period of ten (10) consecutive trading days, the Company will have the right to accelerate the expiry date of the Warrants by giving written notice to the holders of the Warrants that the Warrants will expire on the date that is not less than 30 days from the date of such notice.

The proceeds from the sale of the Units will be used to reduce liabilities and improve the Company’s working capital, for general corporate purposes and to advance exploration of the Company’s mineral properties in the Golden Triangle of northwestern B.C. In connection with the Offering and in accordance with the policies of the TSX Venture Exchange, the Company may pay cash finders’ fees to eligible parties who have introduced subscribers to the Offering.

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]

Maria Da Silva

Marketsmart Communications Inc.
Phone:604-261-4466
Email:[email protected]