- Tudor Gold Corp. (TUD) has signed an amended and restated arrangement agreement with Goldstorm Metals Corp. for a spin-off proposal
- Tudor is a precious and base metals exploration and development company, Goldstorm is its subsidiary
- The spin-off includes six contiguous mineral properties and is anticipated to be completed through a plan of arrangement
- A shareholders meeting is scheduled for September 7th to approve the spin-off
Tudor Gold Corp. (TUD) has signed an amended and restated arrangement agreement with Goldstorm Metals Corp. for a spin-off proposal.
Tudor is a precious and base metals exploration and development company with properties in British Columbia’s Golden Triangle and Goldstorm is its subsidiary.
According to Tudor, the spin-off includes its six contiguous mineral properties and is anticipated to be completed through a plan of arrangement.
The amended agreement summaries include shareholders receiving approximately 0.251 of a common share Goldstorm for every one common share of Tudor Gold held and Goldstorm acquiring the Crown Property in exchange for 49.8 million of its shares to Tudor Gold.
Tudor stated that a shareholders meeting has been scheduled for September 7th where the company’s shareholders will be asked if they will approve the spin-off transaction.
Tudor Gold Corp. (TUD) is down 3.17 per cent and is trading at $1.22 per share as of 11:54 a.m. ET.