Tudor Gold Receives $1,100,000 from the Exercise of Warrants and Tudor Holdings Ltd. Files Updated Early Warning Report
TUDOR GOLD CORP.
900 – 1021 West Hastings Street
Vancouver, British Columbia, V6E 0C3
Telephone: (604) 721-2650 Fax: (604) 608-3878
PRESS RELEASE
TSX-V: TUD
Tudor Gold Receives $1,100,000 from the Exercise of Warrants and Tudor Holdings Ltd.
Files Updated Early Warning Report
April 10, 201 7 - Vancouver, British Columbia: Tudor Gold Corp. (TSX.V: TUD) (Frankfurt:
TUC) (the “Company” or “Tudor Gold”) announces that it has received $1,100,000 from the
exercise of 11,000,000 share purchase warrants at $0.10 per warrant (the "Warrants"). The funds
will be used by the Company for exploration work on the Treaty Creek property and for general
working capital.
The 11,000,000 common shares of the Company issued on the exercise of the Warrants were
acquired by Tudor Holdings Ltd. (the “Acquisition”). Tudor Holdings Ltd. is controlled by Mr.
Walter Storm, the President, CEO and a director of the Company. Tudor Holdings Ltd.'s head
address is located at 900 – 1021 West Hastings Street, Vancouver, British Columbia, V6E 0C3.
Immediately prior to the Acquisition, in addition to the 11,000,000 Warrants, Tudor Holdings
Ltd. directly and indirectly held 41,250,000 common shares, representing 6 2.9% of the
Company's then issued and outstanding shares . Zoe Storm, the spouse of Walter Storm, who
controls Tudor Holdings Ltd., beneficially owns 2,000,000 common shares of the Company. Zoe
Storm is an associate of Walter Storm and, pursuant to the provisions of Multilateral Instrument
62-104, is deemed to be acting jointly or in concert with Tudor Holdings Ltd. In addition, Walter
Storm also holds stock options to purchase an aggregate of 1,000,000 common shares of the
Company with an exercise price of $0.10 per share that expire on April 19, 2026. Collectivel y,
immediately prior to the Acquisition, the common shares, Warrants and stock options over which
Walter Storm and Zoe Storm collectively had beneficial ownership of, or control or direction
over, represented 75.55% of issued and outstanding common shares of the Company on a
partially diluted basis assuming the exercise of the Warrants and stock options held by Walter
Storm.
After giving effect to the Acquisition, Tudor Holdings Ltd. directly and indirectly holds
52,250,000 common shares, representing 68.2% of the Company's issued and outstanding shares.
The other holdings of each of Walter Storm and Zoe Storm have remained unchanged post-
Acquisition. Collectively, immediately after the Acquisition , the common shares and stock
options over which Walter Storm and Zoe Storm collectively have beneficial ownership of, or
control or direction over continues to represent 75.55% of the issued and outstanding common
shares of the Company on a partially diluted basis assuming t he exercise of the sto ck options
held by Walter Storm, and taking into account the 11,000, 0000 common shares of the Company
issued pursuant to the Acquisition.
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Tudor Holdings Ltd. has advised the Company that it acquired the common shares under the
Acquisition for investment purposes, and that Tudor Holdings Ltd. intends to evaluate the
investment in the Company and to increase or decrease its shareholdings from time to time as
Tudor Holdings Ltd. may determine appropriate.
A copy of the early warning report of Tudor Holdings Ltd. corresponding to this press release
can be obtained from Aris Morfopoulos, CFO of the Company, at 604-721-2650 or on SEDAR
at www.sedar.com. The early warning report updates T udor Holding Ltd.'s prior early warning
report that was filed on SEDAR on June 14, 2016.
About Tudor Gold
Tudor Gold is a significant explorer in British Columbia's Golden Triangle, an area which hosts
multiple past -producing mines and several large deposits that are approaching potential
development. The Company has a 60% interest in both the Electrum and Treaty Creek
properties, and a 100% interest in the Mackie, Eskay North, Orion, Fairweather, Delta and the
High North properties, all of which are located in the Golden Triangle area.
"Aris Morfopoulos"
Aris Morfopoulos
Chief Financial Officer
For further information, please visit the company's website at www.tudor-gold.com or
contact:
Aris Morfopoulos
Chief Financial Officer and Corporate Secretary
Tel: 604-721-2650
Email: [email protected]
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 forward -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 exploration of the Treaty Creek project and
other future plans, objectives or expectat ions of the Company are forward -looking statements that involve various
risks and uncertain ties. 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 m aterially from the Company's plans or expectations include risks relating to the act u-
al 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
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to time in the filings made by the Company with securities regulators. The Company expressly disclaims any inte n-
tion 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.
Note: Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the pol i-
cies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.