Tudor Gold Announces Date of Annual General and Special Meeting and Entering into of Amended and Restated Arrangement Agreement
Tudor Gold Announces Date of Annual
General and Special Meeting and Entering into
of Amended and Restated Arrangement
Agreement
Vancouver, British Columbia--(Newsfile Corp. - July 8, 2022) - Tudor Gold Corp. (
TSXV: TUD
) (
FSE:
TUC
) (the "
Company
" or "
Tudor Gold
") is pleased to announce that its annual general and special
meeting of the shareholders of the Company (the "
Meeting
") will be held on September 7, 2022.
Additionally, further to the Company's news releases dated July 13, 2021 and February 1, 2022 (the
"
Initial News Releases
"), Tudor Gold has entered into an amended and restated arrangement
agreement dated July [8], 2022 (the "
Amended
Agreement
") with Goldstorm Metals Corp.
("
Goldstorm
"), its wholly-owned subsidiary, in connection with the proposed spin-off of the Company's
six contiguous mineral properties located in the Golden Triangle Area in northwestern British Columbia
(collectively, the "
Crown Property
") by way of plan of arrangement (the "
Arrangement
"). Pursuant to
the Amended Agreement, among other things:
Tudor Gold shareholders will receive approximately 0.251 of a common share of Goldstorm for
every one common share of Tudor Gold held; and
Goldstorm will acquire the Crown Property in consideration for Goldstorm issuing 49,847,967
Goldstorm Shares to Tudor Gold.
At the Meeting, the Company's shareholders will be asked to approve, among other things, the
aforementioned spin-off transaction.
For more information on the Arrangement, please refer to the Initial News Releases. Additional details
on the Arrangement will be included in the information circular to be mailed to shareholders of Tudor
Gold in connection with the upcoming Meeting.
About Tudor Gold
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 Pretium Resources Inc.'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. The Company also has a
100% interest in the Crown project and a 100% interest in the Eskay North project, all located in the
Golden Triangle area.
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:
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.
Cautionary Statements regarding Forward-Looking Information
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 Company's intention to complete the Arrangement and hold the Meeting as anticipated
by management and the activities, events or developments that the Company expects or anticipates
will or may occur in the future. 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 complete the Arrangement and hold the Meeting as anticipated
by management. 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.
There can be no assurance that such statements 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 the
risk that the Company will not complete the Arrangement as anticipated by management or at all, that
the TSX Venture Exchange or the Supreme Court of British Columbia will not provide final approval to
complete the Arrangement, and other risks detailed herein and from time to time in the filings made
by the Company with securities regulators.
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.
The Company expressly disclaims any intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or otherwise except as otherwise
required by applicable securities legislation.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/130305