TUDOR GOLD Corp. (TSXV: TUD) (FSE: TUC) (the “Company” or “TUDOR GOLD”) is pleased to announce that it has closed a non-brokered private placement under which it has raised gross proceeds of $861,700. The private placement was comprised of 3,191,481 units of the Company (the “Units”) at a price of $0.27 per Unit, with each Unit comprised of one common share and one transferable common share purchase warrant (each, a “Warrant”). Each Warrant entitles the holder to purchase one additional common share of the Company at an exercise price of $0.40 for a period of one year.
The proceeds from the sale of the Units will be used to advance exploration of the Company’s mineral properties in the Golden Triangle of northwestern B.C., for general corporate and working capital purposes and repayment of existing liabilities. All securities issued pursuant to the private placement are subject to a four month hold period under applicable Canadian securities laws.
Contact Information
Aris Morfopoulos
Financial Relations
Phone:604-721-2650
Email:[email protected]
Cathy Hume
CHF Capital Markets
Phone:416-868-1079 Ex 231
Email:[email protected]