Tudor Gold Corp. (TSXV: TUD), together with Tudor Holdings Ltd. and Walter Storm, a Director of the Company, have entered into a termination agreement with Richard Mill, pursuant to which the parties have agreed to terminate certain Purchase Agreements.
In consideration for Tudor’s issuance, Mill will receive 115,000 common shares in the capital of Tudor. The Consideration Shares shall be subject to the statutory foour month and a day restriction on trading.
Pursuant to purchase and sale agreements between Mill and the Company dated (i) September 2015, as amended on April 6, 2016 and July 19, 2019, and (ii) May 10, 2016, Tudor acquired from Mill certain mineral claims located in the Skeena Mining District.
As partial consideration for the acquisition of the mineral claims pursuant to the Purchase Agreements, Tudor agreed to grant to Mill two separate 2.5% net smelter returns royalties on such acquired claims.
In addition, pursuant to the Termination Agreement, each of the Company Parties and Mill have agreed to mutually release any and all claims such parties may have against the others with respect to any matters existing up to the present time.
About Tudor Gold
Tudor Gold Corp. 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/
