Vancouver, BC – November 29, 2019 – Tudor Gold Corp. (TSX.V: TUD) (Frankfurt: TUC) (the “Company” or “Tudor Gold”) is pleased to announce that the Company intends to complete a non-brokered private placement of up to 6,000,000 flow-through common shares at a price of $0.50 per share (the “FT Shares”) for aggregate gross proceeds of up to $3,000,000 (the “Offering”).

The proceeds from the sale of the FT Shares will be used to fund the exploration of the Company’s Treaty Creek properties in the Golden Triangle of Northwestern B.C.

The Company has agreed to pay certain finder’s fee equal to 6% of the gross proceeds raised from the sale of the FT Shares to purchasers introduced to the Company by such finders as well as non-transferrable warrants (“Finder Warrants”) equal to 4% of the total number of FT Shares sold to purchasers introduced to the Company by such finders.  Each Finder Warrant entitles the holder to acquire one common share of Tudor Gold at $0.50 for a period of two years from closing.

All securities to be issued pursuant to the above referenced Offering will be subject to a statutory four-month hold period. The Offering is subject to regulatory approval, including the approval of the TSXV.

Contact Information

Catalin Kilofliski

Director Corporate Development and Communications
Phone:+1 604 559 8092
Email:[email protected]