- Tudor Gold Corp. (TUD) has signed an agreement with Research Capital Corporation in connection with a best efforts, private placement offering
- The offering has aggregate gross proceeds of up to $7,000,000
- The offering has 3 parts: units, flow-through units, and charity flow-through units
- The company plans to use the net proceeds from the offering for its ongoing exploration drilling program, working capital requirements, etc
- Tudor Gold Corp. is a precious and base metals exploration and development company
- Tudor Gold Corp. was down 2.532 per cent, trading at $1.54 at 9:45 AM ET
Tudor Gold Corp. (TUD) has announced a private placement for gross proceeds of up to $7,000,000.
The company signed an agreement with Research Capital Corporation, as lead agent and sole bookrunner, on behalf of a syndicate of agents, in connection with the placement.
The offering has three components.
The first are units of the company offered at a price of $1.44 per unit. Each unit will consist of one common share of the company and one-half of one common share purchase warrant.
The second are flow-through units offered at a price of $1.70 per FT unit. Each FT unit will incorporate one common share that will qualify as flow-through shares and one-half of one warrant.
The third are flow-through units which will be sold to charitable purchasers (charity FT units) at a price of $2.05 per charity FT unit. Each charity FT unit will consist of one common share that will qualify as flow-through shares that will be issued as part of a charity arrangement and one-half of one warrant.
Each warrant entitles the holder to purchase one common share at an exercise price of $2.00 per warrant share at any time up to 24 months following the closing.
Net proceeds from the sale of units will be used to fund ongoing exploration drilling program, working capital requirements and other general corporate purposes.
The offering is scheduled to close on or about August 25, 2022.
Tudor Gold Corp. is a precious and base metals exploration and development company with properties in British Columbia’s Golden Triangle, Canada.
Tudor Gold Corp. was down 2.532 per cent, trading at $1.54 at 9:45 AM ET.