Tudor Gold arranges $10-million private placement

Executive Summary

• Tudor Gold Corp. has entered into an agreement for a brokered, best-effort private placement offering of up to $10 million in gross proceeds.
• The offering consists of units priced at $0.80 per unit, with each unit comprising one common share and one-half of one common share purchase warrant.
• Net proceeds are designated for working capital and general corporate purposes, with closing expected around the week of December 15, 2025, subject to regulatory approvals.

Key Details

• Offering Size: Up to $10 million in aggregate gross proceeds.
• Price: $0.80 per unit.
• Structure: Each unit consists of one common share and one-half of one common share purchase warrant.
• Warrant Terms: Each warrant entitles the holder to purchase one common share at an exercise price of $1.20 per share for a period of 24 months following closing.
• Agent Option: Agents have an option to increase the size of the offering by up to 15% of the units sold, exercisable via written notice up to two business days prior to closing.
• Use of Proceeds: Working capital and general corporate purposes.
• Regulatory Basis: Listed issuer financing exemption under National Instrument 45-106 (Part 5A) and CSA Coordinated Blanket Order 45-935.
• Jurisdiction: All Canadian provinces except Quebec, and other qualifying jurisdictions including the United States.
• Trading Status: Units will be immediately free trading upon closing under applicable Canadian securities laws.
• Closing Date: Expected on or about the week of December 15, 2025, or as agreed by agents and company.
• Conditions: Closing is subject to receiving all necessary regulatory approvals, including conditional approval from the TSX Venture Exchange.
• Agent Compensation:
  • Cash commission of 6.0% of aggregate gross proceeds.
  • Broker warrants equal to 6.0% of the number of units sold (subject to reduction for certain president's list subscribers).
  • Broker warrant exercise price: $1.20 per share.
  • Broker warrant term: 24 months following closing.
• Lead Agent: Research Capital Corp. (Sole Bookrunner).
• Syndicate Agents: Roth Canada Inc. and others.

Notable Quotes

• None provided in the text.