(Not for distribution to United States newswire services or for dissemination in the United States) Vancouver, Canada – June 5, 2019 – Tudor Gold Corp. (TSXV: TUD) (Frankfurt: TUC) (the “Company” or “Tudor Gold”) is pleased to announce that due to significant investor interest, it will increase the size of its non-brokered private placement (the “Offering”) of flow-through units of the Company (“FT Units”) and non-flow-through units of the Company (“Non-FT Units”), originally announced in the Company’s press release dated May 28, 2019, by a further $300,000 of FT Units, such that aggregate gross proceeds of the Offering will be up to $2,300,000. The Company will now issue up to 5,625,000 FT Units at a purchase price of $0.32 per FT Unit, for gross proceeds of up to $1,800,000, and up to 1,666,667 Non-FT Units under the Offering, at a purchase price of $0.30 per Non-FT Unit for gross proceeds of up to $500,000. The Offering, which remains subject to the approval of the TSX Venture Exchange, is anticipated to close on or about June 6, 2019 (the “Closing Date”). For further details on the FT Units and the Non-FT Units, please see the Company’s press release dated May 28, 2019. All securities to be issued pursuant to the Offering will be subject to a four month hold period commencing on the Closing Date, in accordance with applicable Canadian securities laws, in addition to any other restrictions applicable under the policies of the Exchange or securities laws of jurisdictions outside Canada where the FT Units and Non-FT Units are sold. The Company may pay finder’s fee to arm’s length finders for the sale of the FT Units and Non-FT Units. The Offering is subject to all necessary regulatory approvals, including the approval of the Exchange.
Contact Information
Catalin Kilofliski
Director Corporate Development and Communications
Phone:+1 604 559 8092
Email:[email protected]