Tudor Gold Corp V.TUD

RE:Agents smiling

[Larry60]

I dont mind that they paid a crazy fee.  Its that the deal was done at an effective discount to market of 25%++ when you factor in warrant value..............and on FT, tax benefits......

tud was around 60 cents in days leading up to deal....................now theres 13 million warrants at 75 cents!!!!!!!!!!!!!  we can see the overhang already...................BUT, better than NO DEAL..........................TUD NEEDED MONEY DESPITE WHAT THE RUMPERS CLAIMED>>>>>>>>>>>>>>>>>>

TELEMARKER wrote: In connection with the Offerings, the Company paid to the Agents a cash commission of approximately $885,436 and issued to the Agents 1,450,505 non-transferable broker warrants (the "Broker Warrants"). Each Broker Warrant entitles the holder thereof to purchase one Common Share at an exercise price of .50 per Common Share for a period of 36 months from the date of issuance.