TUDOR GOLD Corp. (the “Company” or “TUDOR GOLD”) is pleased to announce that it has closed its previously announced non-brokered private placement, which has been fully subscribed.
The Company raised gross proceeds of $3,000,000 through the issuance of 3,000,000 common shares at a price of $1.00 per common share (the “Shares”). Finders in connection with the private placement will receive finders’ fees totaling $186,066.35 in cash. TUDOR GOLD intends to expend the proceeds raised from the private placement primarily on further exploration of its Treaty Creek property and for general working capital purposes. The Shares issued under the private placement are subject to a hold period under applicable Canadian securities laws expiring on December 10, 2016.
ON BEHALF OF THE BOARD OF DIRECTORS OF
TUDOR GOLD CORP.
For further information, please visit the Company’s website at www.tudor-gold.com or contact:
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.