Tudor Closes First Tranche of Flow-Through Financing

Executive Summary

• Tudor Gold Corp. closed the first tranche of its non‑brokered private placement, issuing 11,919,709 flow‑through units at $0.95 per unit for gross proceeds of $11,323,724.
• Each unit consists of one flow‑through common share and half of a non‑flow‑through common share purchase warrant (full warrant exercisable at $1.20 per share for two years).
• Proceeds are earmarked for Canadian exploration expenses on the Treaty Creek Project, with qualifying expenditures to be incurred by 31 Dec 2026 and renounced by 31 Dec 2025; the company will indemnify subscribers against any additional taxes if CRA reduces the renunciation.

Key Details

• Units Offered: Up to 12.75 million flow‑through units; first tranche comprised 11,919,709 units.
• Pricing: $0.95 per unit → gross proceeds of $11,323,724 for the first tranche (up to ~$12 M total).
• Unit Composition:
• 1 flow‑through common share (eligible for Canadian tax deductions).
• ½ of a non‑flow‑through common share purchase warrant; each whole warrant allows purchase of one additional common share at $1.20, exercisable for two years from issuance.
• Finder’s Fees: $479,638 paid to finders; 504,880 warrants issued to arm’s‑length finders (representing 6 % of proceeds and 6 % of units issued to certain placees).
• Hold Period: Securities subject to a four‑month hold period expiring 4 Apr 2026.
• Use of Proceeds: Dedicated to Canadian exploration expenses, flow‑through mining expenditures, and BC flow‑through mining expenditures on the Treaty Creek Project, incurred by 31 Dec 2026 and renounced by 31 Dec 2025.
• Indemnification Clause: Company will indemnify unit subscribers for any additional taxes if CRA reduces the qualifying expenditures.
• Regulatory Status: Units not registered under U.S. securities laws; cannot be offered or sold in the United States absent exemption or registration.

Notable Quotes

(No direct quotes were provided in the release.)