- Tudor Gold Corp. (TUD) has signed an amended and restated arrangement agreement with Goldstorm Metals Corp
- Goldstorm Metals Corp., is Tudor Gold’s wholly-owned subsidiary
- This relates to the proposed spin-off of the company’s six contiguous mineral properties located in the Golden Triangle Area in BC by way of plan of arrangement
- The company clarifies that all Tudor Gold shareholders will receive approximately 0.251 of a common share of Goldstorm for every one common share of Tudor Gold held
- Tudor Gold Corp. is a Canadian precious and base metals exploration and development company with properties in British Columbia’s Golden Triangle
- Tudor Gold Corp. opened the day’s trading at $1.30 per share
Tudor Gold Corp. (TUD) has signed an amended and restated arrangement agreement with subsidiary Goldstorm Metals Corp.
The agreement is in connection with the proposed spin-off of the company’s six contiguous mineral properties located in the Golden Triangle Area in northwestern British Columbia (the Crown Property) by way of a plan of arrangement.
In accordance with the amended agreement, Tudor Gold has clarified that August 3, 2022, is only the record date for voting at the company’s annual general and special meeting on September 7, 2022.
The company also confirms that all Tudor Gold shareholders will receive approximately 0.251 of a common share of Goldstorm for every common share of Tudor Gold held.
The company will include additional details on the arrangement in the information circular it plans to mail to shareholders of Tudor Gold in connection with the upcoming meeting.
Tudor Gold Corp. is a Canadian precious and base metals exploration and development company with properties in British Columbia’s Golden Triangle, which hosts producing and past-producing mines and several extensive deposits approaching potential development.
Tudor Gold Corp. opened the day’s trading at $1.30 per share.