Deal funds exploration of the Treaty Creek property, working capital
By Devika Patel
Knoxville, Tenn., June 20 – Tudor Gold Corp. said it plans a C$3 million non-brokered private placement of stock.
The company will sell 3 million common shares at C$1.00 apiece, which is a 20% discount to the June 17 closing share price of C$1.25.
Proceeds will be used for exploration of the Treaty Creek property and general working capital.
The gold explorer is based in Vancouver, B.C.
| Issuer: | Tudor Gold Corp.
|
| Issue: | Common shares
|
| Amount: | C$3 million
|
| Shares: | 3 million
|
| Price: | C$1.00
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | June 20
|
| Stock symbol: | TSX Venture: TUD
|
| Stock price: | C$1.25 at close June 17
|
| Market capitalization: | C$2.37 million
|
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