Teuton Resources Corp V.TUO

News out

[CobraShelby]

TUDOR GOLD Announces Closing of  $ 4.9 Million Non-Brokered
Private Placement of Flow-Through Shares

Vancouver, British Columbia – December 1, 2020 - Tudor Gold Corp. (TSXV: TUD) (Frankfurt: TUC) (the "Company" or "Tudor Gold") is pleased to announce that Tudor Gold has completed a non-brokered private placement of 1,448,623 flow-through common shares (the “FT Shares”) at a price of $3.40 per FT Share, for aggregate gross proceeds of approximately $4,925,318.20 (the “Private Placement”).  

The proceeds from the sale of the FT Shares will be used to fund exploration on the Company’s Treaty Creek Project.

All securities issued pursuant to the Private Placement is subject to a statutory four-month hold period. The Private Placement is subject to receipt of final approval of the TSX Venture Exchange.

In connection with the Offering, the Company paid certain finders an aggregate total cash finder’s fee of 6% of the gross proceeds of the Offering and issued an aggregate total of 57,945 non-transferrable finder’s warrants BlackBridge Capital Management Corp. and certain other arm’s length registered dealers. Each finder’s warrant entitles the holder to acquire one common share of Tudor Gold for an exercise price of $3.40 per share for a period of 12 months from closing.

[stockzorg]

Whenever Tudor issues shares to pay for exploration, Teuton and American Creek stocks do well, as they are today.  The realization that TUO and AMK are not responsible for Treaty Creek costs sends investors back into those stocks. That said, $3.40 is a pretty good premium for the Flow Through shares that were issued, which should be a positive for all three Amigos. redrum is quite correct

[Countrygent]

If you look back at the last truly massive global waste of money, the Second World War, it showed the capacity for sovereign credit is very high.  And we are in new territory where years of Kensyian economics has flooded the world with accomatative liquidity to support balance sheet expansion. Ben Benanke set the tune ... just try and test how far we can go even in a zero or negative rate