Tudor Gold Corp. announced a non-brokered private placement of non-flow-through units at a price of CAD 0.90 per unit and flow-through units at a price of CAD 1.05 per unit for the gross proceeds of CAD 4,000,000 on November 29, 2023. Both the units will consist of one common share and CAD 0.5 share purchase warrant.

Each warrant will entitle the holder to purchase one non-flow-through common share of the company at a price of CAD 1.35 at any time on or before that date which is 24 months after the closing date of the offering. All securities to be issued pursuant to the above referenced offering will be subject to a statutory four month hold period. The offering is subject to regulatory approval, including the approval of the TSXV.

In connection with the offering, the company may pay certain finders a fee comprised of cash, finder's warrants, or both, based on the proceeds raised from the sale of securities to purchasers introduced to the company by such finders.