Tudor Gold Corp. (TSXV: TUD) has announced 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 company has entered into an amended and restated arrangement agreement dated September 23, 2022.
The amended agreement with Goldstorm Metals Corp., is with its wholly-owned subsidiary, and is in connection with the proposed spin-off of the company’s six contiguous mineral properties located in the Golden Triangle Area in north-western British Columbia (collectively, the “Crown Property”) by way of plan of arrangement.
The Company has amended the terms of Goldstorm’s non-brokered private placement, to be completed in connection with the Arrangement, to consist of the issuance of units of Goldstorm at a price of $0.26 per Goldstorm Unit.
Each Goldstorm Unit will consist of one common share of Goldstorm and one common share purchase warrant.c 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 further information please visit: https://tudor-gold.com/
