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Tudor Gold Announces $10 Million Financing with Participation by Eric Sprott
SIISprott(SII) Newsfile·2025-05-14 21:46

Core Viewpoint - Tudor Gold Corp. has announced a financing agreement to raise approximately 10millionthroughabesteffortsofferingofsecurities,withparticipationfromnotableinvestorEricSprott[2][3].FinancingDetailsThefinancingwillconsistofacombinationofnonflowthroughunits(NFTUnits)pricedat10 million through a best efforts offering of securities, with participation from notable investor Eric Sprott [2][3]. Financing Details - The financing will consist of a combination of non-flow-through units (NFT Units) priced at 0.50, flow-through units (FT Units) priced at 0.60,andcharityflowthroughunits(CharityFTUnits)pricedat0.60, and charity flow-through units (Charity FT Units) priced at 0.75 [7][9]. - Each NFT Unit will include one common share and one-half of a warrant, while each FT Unit and Charity FT Unit will consist of one common share and one-half of a warrant [7][9]. - The offering is expected to close around May 29, 2025, subject to necessary approvals [5]. Use of Proceeds - The net proceeds from the sale of NFT Units will be allocated for working capital and general corporate purposes [6]. - The gross proceeds from FT Units and Charity FT Units will be directed towards exploration expenses on the Treaty Creek flagship property in British Columbia [8][9]. Agent and Fees - Research Capital Corporation is acting as the lead agent for the offering, with an option to sell an additional 15% of the offered securities [4][12]. - The agents will receive a cash fee of 6.0% of the gross proceeds and non-transferable broker warrants equal to 6.0% of the total number of offered securities sold [12]. Company Background - Tudor Gold Corp. is focused on precious and base metals exploration and development, particularly in British Columbia's Golden Triangle, which is known for its significant mineral deposits [14]. - The company holds a 60% interest in the Treaty Creek project, which is strategically located near other major mining properties [14].