Now Set At C$11.5 Million With Participation By Eric Sprott
Due to strong demand, Tudor Gold Corp. (TSXV:TUD) has agreed with Research Capital Corporation, as lead agent and sole bookrunner, on behalf of a syndicate, to increase the size of its previously announced Offering for C$7 million to up to C$11,500,000.
The net proceeds from the sale of Common Shares will be used for the company’s ongoing exploration drilling programme, working capital requirements and other general corporate purposes. The gross proceeds from the sale of FT Common Shares will be used to incur eligible “Canadian exploration expenses” (CEE) that are “flow-through mining expenditures” related to exploration expenses on the company’s Treaty Creek flagship property, located in Golden Triangle of north-western British Columbia
The Agents will have an option to increase the size of the Offering by up to an additional 15% of the number of Common Shares and FT Common Shares sold in the Offering, which is exercisable, in whole or in part, at any time up to 48 hours prior to the closing of the Offering.
The Common Shares and FT Common Shares to be issued under the Offering will be offered by way of private placement in each of the provinces of Canada, and such other jurisdictions as may be determined by the Company, in each case, pursuant to applicable exemptions from the prospectus requirements under applicable securities laws.
The Offering is scheduled to close on or about the week of November 1, 2021, or such other date as agreed upon between the vompany and the Agents and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals (including the approval of the TSX Venture Exchange). The Common Shares and FT Common Shares to be issued under the Offering will have a hold period of four months and one day from the Closing.
About Tudor Gold Corp.
Tudor Gold Corp. is a precious and base metals exploration and development company with properties in British Columbia’s Golden Triangle.
For further information please visit: https://tudor-gold.com/
