Tudor Gold Corp. (TSXV:TUD) has entered into an agreement with Research Capital Corporation, as lead agent and sole bookrunner, on behalf of a syndicate of agents, in connection with a best efforts, private placement offering for aggregate gross proceeds of up to $20 million.
Eric Sprott, through 2176423 Ontario Ltd, a corporation beneficially owned by him, is expected to participate in the Offering.
The net proceeds from the sale of Units will be used for its ongoing exploration drilling programme, working capital requirements and other general corporate purposes. The net proceeds from the sale of FT Units and Charity FT Units will be used to incur eligible “Canadian exploration expenses” 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 Offering is scheduled to close on or about March 30, 2022, or such other date as agreed upon between the Company and the Agents.
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.
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.
For further information please visit: https://tudor-gold.com/
