On December 13, 2023, Tudor Gold Corp. closed the transaction. The company has received aggregate gross proceeds of CAD 9,530,000.7. The company has issued 700,000 non-flow-through common shares at a price of CAD 0.90 per non-flow-through common share for a gross proceeds of CAD 630,000, 4,253,948 non-flow-through units at a price of CAD 0.90 per non-flow-through unit for a gross proceeds of CAD 3,828,553.2 and 4,829,950 flow-through units at a price of CAD 1.05 per flow-through unit for a gross proceeds CAD 5,071,447.5. Each Warrant entitles 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 date of issuance.

A total of 4,191,946 Warrants were issued under the Private Placement. In connection with the Private Placement, the Company issued 373,950 warrants and paid commissions of CAD 407,734.70 ($6,000.12) to certain finders. Each Finder's Warrant entitles the holder to purchase an additional common share of the Company at a price of CAD 1.35 for a period of 24 months from the date of issuance.

All securities issued pursuant to the Private Placement are subject to a hold period expiring on April 14, 2024, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada. Certain insiders of the company purchased an aggregate of 1,111,100 Non flow-through units under the Private Placement, constituting, to that extent, a "related party transaction" as defined under Multilateral Instrument 61-101. The company has received $368,700 (CAD 491,115.774) from single investor pursuant to exemption provided under Regulation D. The TSX Venture Exchange has accepted for filing documentation with respect to anon-brokered private placement announced on November 29, 2023.

The transaction included participation from 55 placees and 1 insider with total existing insider involvement of 1,111,100 shares