Core Viewpoint - Tudor Gold Corp. has announced a financing agreement to raise approximately 0.50, flow-through units (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].
Tudor Gold Announces $10 Million Financing with Participation by Eric Sprott