Tudor GOLD Announces Increase IN Non-Brokered Private Placement ___________________________________________________________________________
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TUDOR GOLD ANNOUNCES INCREASE IN
NON-BROKERED PRIVATE PLACEMENT
___________________________________________________________________________
(Not for distribution to United States newswire services or for dissemination in the United States)
VANCOUVER, BC , March 11, 201 9 - Tudor Gold Corp. (TSXV: TUD) (Frankfurt : TUC) (the
"Company" or " Tudor Gold ") is pleased to announce that due to strong investor interest, the
Company intends to increase the size of its non-brokered private placement of units (the “Units”) to up
to 12,000,000 Units for total gross proceeds of up to $3,000,000 (the “Offering”).
As disclosed in the Company’s press release dated February 6, 2019 the Units will be sold at a price
of $0.25 per Unit. Each Unit will be comprised of one common share and one transferable common
share purchase warrant (each, a " Warrant"). Each Warrant will entitle the holder to purchase one
additional common share of the Company at an exercise price of $0. 40 for a period of one year from
closing of the private placement, provided that commencing on the date that is four months and one
day after closing of the offering, if the closing price of the Company's common shares on the TSX
Venture Exchange, or any other stock exchange on which the Company's common shares are listed,
is at a price greater than $1.00 per share for a period of ten (10) consecutive trading days, the
Company will have the right to accelerate the expiry d ate of the Warrants by giving written notice to
the holders of the Warrants that the Warrants will expire on the date that is not less than 30 days from
the date of such notice.
The proceeds from the sale of the Units will be used to reduce liabilities and improve the Company’s
working capital, for general corporate purposes and to advance exploration of the Company's mineral
properties in the Golden Triangle of northwestern B.C. In connection with the Offering and in
accordance with the policies of the TSX Venture Exchange, the Company may pay cash finders’ fees
to eligible parties who have introduced subscribers to the Offering.
All securities to be issued pursuant to the private placement will be subject to a four month hold period
from the closing date under applicable Canadian securities laws, in addition to such other restrictions as
may apply under applicable securities laws of jurisdictions outside Canada. The private placement is
subject to all necessary regulatory approvals including from the TSX Venture Exchange.
About Tudor Gold
Tudor Gold is a precious and base metals explorer in British Columbia's Golden Triangle, an area that
hosts past -producing mines and several large deposits that are approaching potential development.
The 17,913 hectare Tr eaty Creek project (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. The Company also has a 60% interest in the Electrum project, and a 100 % interest in the
18,300 hectare Crown project, all of which are located in the Golden Triangle area.
"Walter Storm"
Walter Storm
President and Chief Executive Officer
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For further information, please visit the Company's website at www.tudor-gold.com or contact:
Aris Morfopoulos
Chief Financial Officer & Corporate Secretary
Tel: 604-721-2650
Email: [email protected]
or:
Marketsmart Communications Inc.
Tel: 604-261-4466
Toll-Free: 877-261-4466
Email: [email protected]
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the
securities in the United States. The securities have not been and will not be registered under the United
States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and
may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption from such registration is available.
Cautionary Statements regarding Forward-Looking Information
Certain statements contained in this press release constitute forward -looking information. These
statements relate to future events or future performance. The use of any of the words "could", "intend",
"expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to
matters that are not historical facts are intended to identify forw ard-looking information and are based
on the Company's current belief or assumptions as to the outcome and timing of such future events.
Actual future results may differ materially.
All statements including, without limitation, statements relating to the ability to complete the offering on
the proposed terms or at all, anticipated use of proceeds from the offering and receipt of regulatory
approvals with respect to the offering as well as any other future plans, objectives or expectations of the
Company are forward-looking statements that involve various risks and uncertainties. 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. Impo rtant factors that could cause actual
results to differ materially from the Company's plans or expectations include risks relating to the actual
results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and
delays, exploration cost overruns, availability of capital and financing, general economic, market or
business conditions, regulatory changes, timeliness of government or regulatory approvals and other
risks detailed herein and from time to time in the filing s made by the Company with securities
regulators. 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.
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.