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Tudor Gold Corp. Closes $3,000,000 Private Placement Financing

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Tudor Gold Corp. Closes $3,000,000 Private Placement Financing

 

 

 

 

 

Tudor Gold Corp. (TSX-V:TUD) is pleased to announce that it has closed its previously announced non-brokered private placement, which has been fully subscribed. The Company raised gross proceeds of $3,000,000 through the issuance of 3,000,000 common shares at a price of $1.00 per common share.

 

 

Finders in connection with the private placement will receive finders’ fees totaling $186,066.35 in cash. Tudor Gold intends to expend the proceeds raised from the private placement primarily on further exploration of its Treaty Creek property and for general working capital purposes.

 

 

The Shares issued under the private placement are subject to a hold period under applicable Canadian securities laws expiring on December 10, 2016.

 

About Tudor Gold

 

 

Tudor Gold is focused on being a significant explorer in British Columbia’s Golden Triangle, an area which hosts multiple past-producing mines and several large deposits that are approaching potential development. The Company has a 60% interest in both the Electrum and Treaty Creek properties, and a 100% interest in the Mackie, Eskay North, Orion, Fairweather, Delta and the High North properties, all of which are located in the Golden Triangle area. There are no known resources or reserves on any of the Company’s mineral properties, and the presence of mineral deposits on properties adjacent to or in close proximity to the Company’s mineral properties is not necessarily indicative of mineralization on the Company’s properties.

 

Posted August 10, 2016

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