Tudor Gold Corp. (TSXV:TUD) has closed its previously announced brokered private placement offering, with a non-brokered portion of the offering for aggregate gross proceeds to the company of approximately $12.9 million.
The Offering was led by Research Capital Corporation as the lead agent and sole bookrunner, on behalf of a syndicate of agents, including, PI Financial Corp., Roth Canada, ULC, and Canaccord Genuity Corp.
Eric Sprott, through 2176423 Ontario Ltd, a corporation beneficially owned by him, subscribed for 1,250,000 Units in the Offering for gross proceeds of $2.5 million to the company.
The net proceeds from the sale of Units will be used for the company’s ongoing exploration drilling program, working capital requirements and other general corporate purposes. The gross proceeds from the sale of FT Units 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, as permitted under the Tax Act to qualify as CEE. purchasers of the FT Units with an effective date of no later than December 31, 2023.
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 (Canada), an area that hosts producing and past-producing mines and several large deposits that are approaching potential development.
For further information please visit: https://tudor-gold.com/
