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 merged American Creek Resources Ltd. into Tudor Gold.
• As a result of the transaction, Mr. Sprott ceased to be an insider of American Creek and now holds approximately 57.0 million Tudor Gold shares (≈15.1% non‑diluted), representing a modest decrease in his overall Tudor Gold ownership percentage.
• The arrangement also converted American Creek shareholders into Tudor Gold shareholders at a ratio of 0.238 Tudor Gold share per American Creek share.

Key Details

• Acquisition: 2176423 Ontario Ltd. purchased 15,470,000 common shares of Tudor Gold Corp. on the closing date of the plan of arrangement.
• Plan of Arrangement: Tudor Gold acquired 100% of the outstanding common shares of American Creek Resources Ltd.; American Creek shareholders received 0.238 Tudor Gold share for each American Creek share held.
• Pre‑arrangement Holdings – American Creek: Mr. Sprott beneficially owned 65,000,000 American Creek shares (≈13.7% non‑diluted). Post‑arrangement, he holds no American Creek securities and is no longer an insider of that company.
• Pre‑arrangement Holdings – Tudor Gold: Mr. Sprott beneficially owned 41,548,069 Tudor Gold shares and 2,355,550 Tudor Gold warrants (≈15.9% non‑diluted; ≈16.6% partially diluted).
• Post‑arrangement Holdings – Tudor Gold: After the acquisition, Mr. Sprott now beneficially owns 57,018,069 Tudor Gold shares and retains 2,355,550 warrants (≈15.1% non‑diluted; ≈15.6% partially diluted). This reflects a ~1.9% decrease in his percentage ownership relative to the last early warning report for Tudor Gold.
• 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.)