Tudor Upsizes Flow-Through Financing

Executive Summary

• Tudor Gold Corp. announced an increase in its non‑brokered private placement to up to 12.75 million flow‑through units at $0.95 per unit, targeting gross proceeds of approximately $12 million.
• Each unit consists of one flow‑through common share and half of a non‑flow‑through common share purchase warrant (exercise price $1.20, two‑year term).
• Proceeds will be used for Canadian exploration expenses on the Treaty Creek Project and other qualifying flow‑through mining expenditures, with renunciation required by 31 Dec 2025.

Key Details

• Offering Size: Up to 12.75 million units (previously announced 8.5 million).
• Price per Unit: $0.95 → Gross proceeds ≈ $12 million.
• Unit Composition:
• 1 flow‑through common share (eligible for Canadian tax renunciation).
• ½ of a non‑flow‑through common share purchase warrant; each whole warrant allows purchase of one additional common share at $1.20 per share, exercisable for 2 years from issue date.
• Use of Proceeds:
• Fund Canadian exploration expenses on the Treaty Creek Project and other qualifying flow‑through mining expenditures under the Income Tax Act (Canada) and British Columbia legislation.
• Expenditures must be incurred by 31 Dec 2026 and renounced by 31 Dec 2025; indemnification provision if CRA reduces renunciation amounts.
• Regulatory Conditions: Closing subject to receipt of all required approvals, including TSX Venture Exchange consent.
• Investor Eligibility: Offered to accredited investors throughout Canada; securities will carry a four‑month hold period.
• Related Party Transaction: Insiders may subscribe for units; transaction qualifies for exemption under Multilateral Instrument 61‑101 (insider participation ≤ 25 % of market cap). A material change report will be filed within 21 days prior to closing.
• Finders’ Fees: May be paid in accordance with Exchange policies.
• U.S. Offering Restrictions: Units are not and will not be registered under the U.S. Securities Act; cannot be offered or sold in the United States absent exemption or registration.

Notable Quotes

(No direct quotes were provided in the release.)