Tudor Announces Flow-Through Financing

Executive Summary

• Tudor Gold Corp. announced a non‑brokered private placement of up to 8.5 million flow‑through units at $0.95 per unit, targeting gross proceeds of approximately $8 million.
• Proceeds will be used for Canadian exploration expenses on the Treaty Creek Project and other qualifying flow‑through mining expenditures through December 2026.
• The offering includes one flow‑through common share and half a non‑flow‑through warrant per unit; each full warrant allows purchase of an additional share at $1.20 for two years.

Key Details

• Units Offered: Up to 8,500,000 flow‑through units.
• Unit Composition: 1 flow‑through common share + ½ non‑flow‑through common share purchase warrant.
• Pricing: $0.95 per unit → Gross proceeds: up to ~ $8,075,000.
• Warrant Terms: Whole warrant exercisable at $1.20 per share; valid for two years from issuance.
• Use of Proceeds: Fund Canadian exploration expenses (including “flow‑through mining expenditures” and BC flow‑through mining expenditures) on the Treaty Creek Project and other qualifying projects, to be incurred by 31 Dec 2026 and renounced by 31 Dec 2025.
• Regulatory Conditions: Closing subject to receipt of all required approvals, including TSX Venture Exchange consent; securities will have a four‑month hold period.
• Insider Participation: Insiders may subscribe for units (≤25 % of fair market value), qualifying as a related‑party transaction under MI 61‑101 with reliance on exemption provisions.
• Finder’s Fees: May be paid in accordance with Exchange policies.
• Offering Restrictions: Units not registered under the U.S. Securities Act; cannot be offered or sold in the United States absent registration or an applicable exemption.

Notable Quotes

(No direct quotes were provided in the release.)