Tudor Gold to Extend Warrants

Rhea-AI Summary

Tudor Gold Corp. (TSXV: TUD) has announced its intention to extend the term of 2,576,000 common share purchase warrants. These warrants, originally issued as part of a private placement that closed on September 22, 2022, are currently set to expire on September 22, 2024. Subject to approval from the TSX Venture Exchange, Tudor Gold plans to extend the expiration date to September 22, 2025. The warrants remain exercisable at a price of $1.75 per share, with all other terms remaining unchanged. This extension could provide warrant holders with an additional year to exercise their rights to purchase Tudor Gold shares at the predetermined price.

Positive

• Extension of warrant expiration date by one year, potentially providing more time for favorable market conditions
• Maintenance of $1.75 exercise price, which could be beneficial if share price increases

Negative

• Potential dilution of existing shareholders if warrants are exercised
• Extension subject to TSX Venture Exchange approval, introducing uncertainty

Vancouver, British Columbia--(Newsfile Corp. - September 11, 2024) - Tudor Gold Corp. (TSXV: TUD) (FSE: H56) (the "Company" or "Tudor") announces that it intends to extend the term of an aggregate of 2,576,000 common share purchase warrants (the "Warrants") issued as part of the Company's private placement that closed on September 22, 2022. The Warrants are exercisable at a price of $1.75 and currently expire on September 22, 2024.

Subject to the approval of the TSX Venture Exchange (the "Exchange"), the term of the Warrants will be extended to September 22, 2025. All other terms of the Warrants will remain the same.

About Tudor Gold

TUDOR GOLD CORP. is a precious and base metals exploration and development company with claims in British Columbia's Golden Triangle (Canada), an area that hosts producing and past-producing mines and several large deposits that are approaching potential development. The 17,913-hectare Treaty Creek project (in which TUDOR GOLD has a 60% interest) borders Seabridge Gold Inc.'s KSM property to the southwest and borders Newmont Corporation's Brucejack property to the southeast.

ON BEHALF OF THE BOARD OF DIRECTORS OF
TUDOR GOLD CORP.

"Ken Konkin"

Ken Konkin
President and Chief Executive Officer

For further information, please visit the Company's website at www.tudor-gold.com or contact:
Chris Curran
Head of Corporate Development and Communications
Phone: (604) 559 8092
E-Mail: chris.curran@tudor-gold.com

Neither Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements regarding Forward-Looking Information

This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to, among other things, the proposed extension of the Warrants.

These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, market uncertainty and the risk that the Exchange will not approve the extension of the Warrants.

In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, that the Company will receive approval from the Exchange to extend the Warrants.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/223078

FAQ

How many warrants is Tudor Gold Corp (TSXV: TUD) extending?

Tudor Gold Corp is extending 2,576,000 common share purchase warrants.

What is the new expiration date for Tudor Gold's extended warrants?

Subject to TSX Venture Exchange approval, the new expiration date for the warrants will be September 22, 2025.

What is the exercise price of Tudor Gold's warrants being extended?

The exercise price of the warrants being extended remains at $1.75 per share.

When were the original warrants issued by Tudor Gold Corp (TSXV: TUD)?

The original warrants were issued as part of a private placement that closed on September 22, 2022.