Tudor Gold Corp.
TSX VENTURE : TUD

June 20, 2016 13:56 ET

Tudor Gold Announces $3,000,000 Non-Brokered Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 20, 2016) -

(NOT FOR DISTRIBUTION IN THE U.S.A. OR TO U.S. RESIDENTS)

Tudor Gold Corp. (the "Company") (TSX VENTURE:TUD) is pleased to announce that it plans to undertake a non-brokered private placement of up to 3,000,000 shares at a price of $1.00 per shares for estimated aggregate gross proceeds of $3,000,000. Finder's fees may be payable in accordance with TSX Venture Exchange policies and approvals.

The Company reserves the right for up to a 25% over-subscription, subject to regulatory approval.

This financing is subject to the approval of the TSX Venture Exchange.

The proceeds from the financing will be used primarily for exploration of the Company's Treaty Creek property and for general working capital.

About the Company

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, as well as a 100% interest in the Mackie and the Eskay North properties, all of which are located in the Golden Triangle area. The Company also recently announced agreements to acquire four other properties in the region (Fairweather, High North, Delta and Orion properties), which are pending regulatory approval and closing of the transactions. 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.

Walter Storm, President and Chief Executive Officer

Cautionary statements

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Corporation's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. The forward-looking information contained in this release is made as of the date hereof and the Corporation is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.

The common shares have not been and will not be registered under the United States Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Contact Information

  • Tudor Gold Corp.
    Aris Morfopoulos
    Chief Financial Officer and
    Corporate Secretary
    604-721-2650