Tudor Gold Announces Sixth Amended and Restated Arrangement Agreement
Tudor Gold Announces Sixth Amended and
Restated Arrangement Agreement
Vancouver, British Columbia--(Newsfile Corp. - September 23, 2022) - Tudor Gold Corp. (
TSXV: TUD
)
(
FSE: TUC
) (the "
Company
" or "
Tudor Gold
") announces that, further to the Company's news
releases dated July 13, 2021, February 1, 2022, July 8, 2022, August 4, 2022, August 10, 2022 and
August 30, 2022 (the "
Initial News Releases
"), the Company has entered into an amended and
restated arrangement agreement dated September 23, 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
").
Further to the Initial News Releases and pursuant to the Amended Agreement, the Company has
amended the terms of Goldstorm's non-brokered private placement (the "
Goldstorm Private
Placemen
t"), to be completed in connection with the Arrangement, to consist of the issuance of units of
Goldstorm (each, a "
Goldstorm Unit
") at a price of $0.26 per Goldstorm Unit. Each Goldstorm Unit will
consist of one common share of Goldstorm (a "
Goldstorm Share
") and one common share purchase
warrant (each, a "
Goldstorm Warrant
"). Each Goldstorm Warrant will be exercisable to purchase one
Goldstorm Share at a price of $0.60 for a period of two years from the date of issuance. In connection
with the Goldstorm Private Placement, Goldstorm may also pay finder's fees of up to 8% of the gross
proceeds raised and may issue finder's warrants of up to 8% of the Goldstorm Units offered.
For more information on the Arrangement, please refer to the Initial News Releases.
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 Goldstorm's intention to
complete the Goldstorm Private Placement 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 or that Goldstorm will complete the
Goldstorm Private Placement 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 or Goldstorm will not complete the
Goldstorm Private Placement 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/138281