Tudor GOLD Announces Proposed Shares FOR Debt Transaction
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NEWS RELEASE
TUDOR GOLD ANNOUNCES PROPOSED SHARES FOR DEBT TRANSACTION
VANCOUVER, BC, June 1, 2020 - Tudor Gold Corp. (TSXV: TUD) (Frankfurt: TUC) (the " Company" or "Tudor
Gold") announces that the Company has agreed to issue 481,927 common shares of the Company (the
“Settlement Shares”) at a price of C$0.664 per share in settlement of an outstanding debt totalling $320,000
(the “Debt”) owing to Teuton Resources Corp. (“Teuton”).
The Debt was incurred in connection with the Company’s acquisition of the Orion property, Fairweather
property, Delta property and High North property (collectively, the “ Properties”), and forms part of the
purchase price owing to Teuton pursuant to certain option purchase agreements, as amended from time to
time (the “ Option Agreements”). Pursuant to the Option Agreements, the Company will acquire a 100%
interest in the Properties in consideration of the payment of an additional $1,490,000 and the issuance of
additional 600,000 common shares of the Company over three years. Please see the Company’s news release
dated August 6, 2019 on the Company’s profile on www.sedar.com for further details relating to the Option
Agreements.
The Settlement Shares are being issued to settle $320,000 of the $1,490,000 cash portion of the purchase
price for the Properties. The Company is proposing to issue the Settlement Shares in order to preserve cash
to fund future operations.
The shares for debt settlement was carried out pursuant to prospectus exemptions of applicable securities
laws. The issuance of the Settlement Shares are subject to a hold period of eight months from the date of
issue and the approval of the TSX Venture Exchange.
About Tudor Gold
Tudor Gold is a precious and base metals explorer with properties in British Columbia's Golden Triangle, 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. The Company also has acquired a 100% interest in the Electrum Project, earn in
options and 100% interests in other prospective projects located in the Golden Triangle area.
"Walter Storm"
Walter Storm
President and Chief Executive Officer
For further information, please visit the Company's website at www.tudor-gold.com or contact:
Catalin Kilofliski
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Director Corporate Development and Communications
Tel. 604-559-8092
Email: [email protected]
or
Carsten Ringler
Manager Investor Relations
Phone: +49 1726918274
E-Mail: [email protected]
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 activities, events or developments that the Company expects or anticipates will or may occur in the
future, including the completion and anticipated results of planned exploration activities, and plans to derive
mineral resource estimates. 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 ’s planned exploration activities will be completed in a timely manner. 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 risks relating to the actual
results of current exploration activities; fluctuating gold prices; possibility of equipment breakdowns and
delays; exploration cost overruns; risks associated with the interpretation of data regarding the geology,
grade and continuity of mineral deposits; the uncertainty of the geology, grade and continuity of mineral
deposits and the risk of unexpected variations in any mineral resources, grade and/or recovery rates;
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 filings made by the Company with securities regulators.
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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.