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Gold/Mining/Energy : Golden Triangle

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To: Clark Kent who wrote (491)7/13/2018 6:40:02 PM
From: Clark Kent   of 493
 
Tudor Gold arranges $1-million private placement

2018-07-13 16:18 ET - News Release



Mr. Walter Storm reports

TUDOR GOLD ANNOUNCES $1,000,000 NON-BROKERED PRIVATE PLACEMENT

Tudor Gold Corp. plans to arrange for a non-brokered private placement to raise gross proceeds of up to $1-million, including anticipated insider participation of up to $200,000.

The private placement will comprise up to one million units of the company at a price of 35 cents per unit. Each unit will comprise one common share and one transferable common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share of the company at an exercise price of 55 cents for a period of two years from closing of the private placement.

The proceeds from the sale of the units will be used to advance exploration of the company's mineral properties in the Golden Triangle of northwestern British Columbia and for general corporate and working capital purposes.

All securities to be issued pursuant to the private placement will be subject to a four-month hold period from the closing date under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada. The private placement is subject to all necessary regulatory approvals, including from the TSX Venture Exchange.

About Tudor Gold Corp.

Tudor Gold is a precious and base metals explorer in British Columbia's Golden Triangle, an area which hosts multiple past-producing mines and several large world-class deposits that are approaching potential development. The company has a 60-per-cent interest in both the Electrum and Treaty Creek properties, and a 100-per-cent interest in several other mineral properties, all of which are located in the Golden Triangle area.

We seek Safe Harbor.
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