Funds To Support BC Exploration Drilling Programme
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, in connection with a best efforts, private placement offering for aggregate gross proceeds of $7 million,
The net proceeds from the sale of Common Shares will be used for its ongoing exploration drilling program, working capital requirements and other general corporate purposes. The net proceeds from the sale of FT Common Shares will be used to incur eligible “Canadian exploration expenses” related to exploration expenses on the Company’s Treaty Creek flagship property, located in Golden Triangle of northwestern British Columbia.
The Offering is scheduled to close on or about the week of November 1, 2021.
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 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.
In April 2021 Tudor published their 43-101 technical report, “Technical Report and Initial Mineral Resource Estimate of the Treaty Creek Gold Property, Skeena Mining Division, British Columbia Canada” dated March 1, 2021 on the Company’s Sedar profile. 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/