Closes C$1.5M First Tranche Flow Through Financing
Tudor Gold Corp. (TSXV: TUD) is undertaking a non-brokered private placement aiming to raise for aggregate gross proceeds of C$6 million.
The placement will consist of 555,555 flow-through common shares at a price of C$3.60 per FT Share and 1,333,334 non-flow-through common shares at a price of C$3.00 per NFT Share.
The company has also closed the first tranche of the Private Placement through the issuance of 426,500 FT Shares at a price of $3.60 per share for gross proceeds of approximately C$1,535,000.
Net proceeds of the Private Placement will be used to advance exploration of the Treaty Creek Project as well as for general working capital purposes.
Tudor Gold Corp. is a precious and base metals exploration and development company with properties in British Columbia’s Golden Triangle, 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 the company 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. The company also has a 100% interest in the Crown project and a 100% interest in the Eskay North project, all located in the Golden Triangle area.
For further information please visit: https://tudor-gold.com/