Tudor Gold Corp. (TSXV: TUD) has closed a bought-deal, private placement offering for aggregate gross proceeds to the company of approximately $18.5M, including the full exercise of the over-allotment option.
The Offering was led by Research Capital Corporation, as the lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters, including Red Cloud Securities Inc. and Roth Canada, Inc.
Eric Sprott, through 2176423 Ontario Ltd, a corporation beneficially owned by him, subscribed for approximately $2M in the Offering.
The entire gross proceeds from the issue and sale of the FT Units and Charity FT Units will be used for Canadian Exploration.
About Tudor Gold Corp.
Tudor Gold Corp. is a precious and base metals exploration and development company with claims 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 17,913ha Treaty Creek project (in which Tudor Gold Corp. has a 60% interest) borders Seabridge Gold Inc.’s KSM property to the southwest and borders Newcrest Mining’s Brucejack Mine property to the southeast.
For further information please visit: https://tudor-gold.com/
