Tudor Gold Announces Closing of Non- Brokered Private Placement
Tudor Gold Announces Closing of Non-
Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - February 16, 2023) - Tudor Gold Corp.
(TSXV: TUD)
("
Tudor Gold
" or the "
Company
") is pleased to announce it has closed a non-brokered private
placement (the "
Private
Placement
"), raising gross proceeds of $400,000 through the issuance of
320,000 units of the Company (the "
Units
") at an issue price of $1.25 per Unit. The Units are comprised
of one common share of the Company (a "
Share
"), and one common share purchase warrant (a
"
Warrant
").
Each Warrant will entitle the holder thereof to purchase one additional common share of the Company at
an exercise price of $1.75 for a period of two (2) years from the date of issuance of the Warrants.
The proceeds of the Private Placement will be used for general operating expenses.
The securities comprising each of the Units will have a hold period of until June 15, 2023. The closing of
the Private Placement is subject to the final approval of the Exchange.
About Tudor Gold Corp.
Tudor Gold Corp. is a precious and base metals exploration and development company with properties
in British Columbia's Golden Triangle (Canada), an area that hosts producing and past-producing mines
and several large deposits that are approaching potential development. The 17,913 hectare Treaty
Creek project (in which TUDOR GOLD has a 60% interest) borders Seabridge Gold Inc.'s KSM property
to the southwest and borders Newcrest Mining Limited's Brucejack property to the southeast. In April
2021 Tudor published their 43-101 technical report, "Technical Report and Initial Mineral Resource
Estimate of the Treaty Creek Gold Property, Skeena Mining Division, British Columbia Canada" dated
March 1, 2021 on the Company's SEDAR profile.
ON BEHALF OF THE BOARD OF DIRECTORS OF TUDOR GOLD CORP.
"Ken Konkin"
Ken Konkin
President and Chief Executive Officer
For further information, please visit the Company's website at
www.tudor-gold.com
or contact:
Chris Curran
Head of Corporate Development and Communications
Phone: (604) 559 8092
E-Mail:
or
Carsten Ringler
Head of Investor Relations and Communications
Phone: +49 151 55362000
E-Mail:
Cautionary Note Regarding Forward-looking Information
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.
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 expectations regarding the Company's use of the proceeds from the sale
of the Units, and expectations regarding the receipt of the requisite regulatory approvals for the
Private Placement.
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 connation thereof.
Such forward-looking information and statements are based on numerous assumptions, including
among others, that the Company will be able to use the proceeds from the sale of the Units as
anticipated by management, and that the Company will receive the requisite regulatory approvals for
the Private Placement.
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 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 that the Company
is not able to use the proceeds from the sale of the Units as anticipated by management, and risks
that the Company does not receive the requisite regulatory approvals for the Private Placement.
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/155029