Tudor Gold to Rely on Extended Filing Deadline for Annual Audited and Quarterly Financial Statements and MD&A
Tudor Gold to Rely on Extended Filing
Deadline for Annual Audited and Quarterly
Financial Statements and MD&A
Vancouver, British Columbia--(Newsfile Corp. - July 28, 2020) - Tudor Gold Corp. (TSXV: TUD) (FSE:
TUC) (the "Company" or "Tudor Gold") has provided an update on the status of the filing of its:
Annual audited financial statements, the accompanying management's discussion and analysis,
and related chief executive officer and chief financial officer certifications for the filings ended
March 31
st
, 2020, due July 29
th
, 2020 (the "
Annual Statements
").
Quarterly financial statements, the accompanying management's discussion and analysis, and
related chief executive officer and chief financial officer certifications for the filings for the first
quarter ended June 30
th
, 2020, due August 29
th
, 2020 (the "
Interim Statements
" and together
with the Annual Statements, the "
Filings
").
As a result of the COVID-19 pandemic, the Company will not be filing the Annual Statements by the
statutory deadline of July 29, 2020, and may not be able to file the Interim Statements by the statutory
deadline of August 29, 2020.
On May 20
th
, 2020 the British Columbia Securities Commission provided
issuers with a temporary exemption from certain corporate finance requirements with deadlines during
the period from June 2
nd
to August 31
st
, 2020. The Company will rely on this exemption with respect to
the Filings in accordance with BC Instrument 51-517 -
Temporary Exemption from Certain Corporate
Finance Requirements with Deadlines during the Period from June 2 to August 31, 2020
. The
Company is continuing to work diligently and expeditiously to complete and file the Filings and currently
expects to have them filed on or prior to the extended 45 day filing deadline.
Until the Filings are filed, management and other insiders of the Company continue to be subject to a
trading black-out policy that reflects the principles in section 9 of National Policy 11-207 -
Failure-to-File
Cease Trade Orders and Revocations in Multiple
Jurisdictions
.
An update on material business
developments since the filing of the Company's last financial reports has been provided in prior press
releases.
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 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
Director Corporate Development and Communications
Tel. 604-559-8092
Email:
or
Carsten Ringler
Manager Investor Relations
Phone: +49 1726918274
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.
Forward looking information
Certain statements contained in this news release constitute "forward-looking information" as such
term is used in applicable Canadian securities laws, including statements relating to the expected
timing of filing the Filings. Forward-looking information is based on plans, expectations and estimates
of management at the date the information is provided and is subject to certain factors and
assumptions. In making the forward-looking statements included in this news release, the Company
has applied several material assumptions, including that the Company's financial condition and
development plans do not change as a result of unforeseen events, and that future metal prices and
the demand and market outlook for metals will remain stable or improve. Forward-looking information
is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates
and actual results to vary materially from those projected in such forward-looking information. Factors
that could cause the forward-looking information in this news release to change or to be inaccurate
include, but are not limited to, the risk that any of the assumptions referred to above prove not to be
valid or reliable; market conditions and volatility and global economic conditions, including delays,
increased volatility and potentially negative capital raising conditions resulting from the continued
COVID-19 pandemic and risks relating to the extent and duration of such pandemic and its impact on
global markets; risk of delay and/or cessation in planned work or changes in the Company's financial
condition and development plans; risks associated with the interpretation of data (including in respect
of the third party mineralized material) 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 mineral resources, grade and/or recovery rates; risks related to gold, silver,
base metal and other commodity price fluctuations; risks relating to environmental regulation and
liability; the possibility that results will not be consistent with the Company's expectations, as well as
the other risks and uncertainties applicable to mineral exploration and development activities and to
the Company as set forth in the Company's continuous disclosure filings filed under the Company's
profile at
www.sedar.com
. There can be no assurance that any forward-looking information will prove to
be accurate, as actual results and future events could differ materially from those anticipated in such
statements. Accordingly, the reader should not place any undue reliance on forward-looking
information or statements. The Company undertakes no obligation to update forward-looking
information or statements, other than as required by applicable law.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/60685