Tudor Gold investor Sprott acquires 15.47M shares

Executive Summary

• Eric Sprott, via 2176423 Ontario Ltd., acquired an additional 15.47 million Tudor Gold Corp. common shares following the closing of a statutory plan of arrangement that resulted in Tudor Gold acquiring all outstanding American Creek Resources Ltd. shares.
• The transaction eliminated Mr. Sprott’s holdings in American Creek and increased his Tudor Gold stake to 57,018,069 shares (≈15.1 % non‑diluted), while slightly reducing his overall percentage ownership relative to the prior early warning report.
• No cash consideration or financing terms were disclosed; the deal was executed as a share‑for‑share exchange under the plan of arrangement.

Key Details

• Acquisition: 2176423 Ontario Ltd., owned by Eric Sprott, purchased 15.47 million Tudor Gold common shares at closing of the statutory plan of arrangement.
• Exchange Ratio: Holders of American Creek received 0.238 Tudor Gold share for each American Creek share held.
• Pre‑transaction Holdings – American Creek: Mr. Sprott owned 65,000,000 American Creek shares (≈13.7 % non‑diluted). Post‑transaction, he holds no American Creek securities and is no longer an insider of that company.
• Pre‑transaction Holdings – Tudor Gold: 41,548,069 Tudor Gold shares + 2,355,550 warrants (≈15.9 % non‑diluted; ≈16.6 % partially diluted).
• Post‑transaction Holdings – Tudor Gold: 57,018,069 Tudor Gold shares + 2,355,550 warrants (≈15.1 % non‑diluted; ≈15.6 % partially diluted), representing a ~1.9 % decrease in percentage ownership versus the last early warning report.
• Future Intent: Mr. Sprott indicated a long‑term view and may acquire or dispose of additional Tudor Gold securities based on market conditions and strategic considerations.

Notable Quotes

(No direct quotes were provided in the release.)