On June 7, 2019, Tudor Gold Corp. (“Tudor Gold”) announced the closing of its non-brokered private placement of flow-through units (“FT Units”) and non-flow through units (“Non-FT Units”). Tudor Gold issued 5,625,000 FT Units at a purchase price of C$0.32 per FT Unit for gross proceeds of C$1.8 million. Each FT Unit is comprised of one flow-through common share of Tudor Gold and one-half of one transferable non-flow-through common share purchase warrant. Each warrant entitles the holder thereof to purchase one additional common share at an exercise price of C$0.50 for a period of one year from the closing of the private placement, subject to Tudor Gold’s right to accelerate the expiry date of the warrants. In addition, Tudor Gold has issued 1,673,784 Non-FT Units at a purchase price of C$0.30 per Non-FT Unit for gross proceeds of C$502,135. Each Non-FT Unit is comprised of one common share and one warrant, having the same attributes as the warrants comprising the FT Units.
Tudor Gold is a mineral exploration company engaged in the exploration and development of several properties in the Skeena Mining Division, north-western British Columbia. Tudor Gold’s principal projects are joint ventures on the Electrum property and the Treaty Creek property in the “Golden Triangle” area north of Stewart, British Columbia. Tudor Gold also has a 100% interest in the Mackie, Eskay North, Orion, Fairweather, Delta and the High North properties, all of which are located in the Golden Triangle area.
Further details regarding Tudor Gold and the financing can be found on Tudor Gold’s website. Tudor Gold trades under the symbol “TUD” on the TSX Venture Exchange.