Vancouver, British Columbia – June 19, 2019 – Tudor Gold Corp. (TSXV: TUD) (Frankfurt: TUC) (the “Company” or “Tudor Gold”) is pleased to announce that, subject to regulatory approval, it has retained Ringler Consulting and Research GmbH (“Ringler“) to provide investor relations consulting services in Europe to the Company in compliance with the policies and guidelines of the TSX Venture Exchange (“TSXV”) and other applicable legislation.
Under the terms of the agreement, Ringler will receive an average of 2,000€ per month, based on number of hours worked. The agreement is effective June 11, 2019 and will continue for a period of 12 months, with an option for renewal, unless terminated by either party providing one-month’s written notice. There are no performance factors contained in the agreement.
Pursuant to the Agreement, the Company will also grant 150,000 incentive stock options (the “Options”) to Ringler under the Company’s stock option plan (the “Stock Option Plan”). Subject to the policies of the TSX Venture exchange and the terms and conditions of the Stock Option Plan, the Options will have an exercise price equal $0.38 and shall expire five years from the date of issuance and shall vest as follows: (i) 37,500 options shall vest on the date that is 3 months after the grant date; (ii) an additional 37,500 options shall vest on the date that is 6 months after the grant date; (iii) an additional 37,500 options shall vest on the date that is 9 months after the grant date; and (iv) an additional 37,500 options shall vest on the date that is 12 months after the grant date.
Ringler and the Company are unrelated and unaffiliated entities. Ringler is owned by Carsten Ringler. The entering into of the Agreement and the grant of the Options thereunder are subject to the approval of the TSX Venture Exchange.
Shares for Debt Agreement
Tudor Gold also announces that it has entered into a debt settlement agreement whereby the Company will issue 79,365 Common Shares at a per share price of $0.315 (the “Settlement Shares”) to settle a debt in the amount of $25,000 to Greenwood Environmental Inc. as compensation for providing certain permitting services to the Company. The issuance of the Settlement Shares has been approved the TSX Venture Exchange. The Settlement Shares are subject to a statutory four-month hold period in accordance with applicable securities laws.
Contact Information
Catalin Kilofliski
Director Corporate Development and Communications
Phone:+1 604 559 8092
Email:catalin@tudor-gold.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements regarding Forward-Looking Information
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. “Forward-looking information” includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including the completion and anticipated results of planned exploration activities. Generally, but not always, forward-looking information and statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connotation thereof.
Such forward-looking information and statements are based on numerous assumptions, including among others, that the Company’s planned exploration activities will be completed in a timely manner. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.
There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.
The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
