Vancouver, British Columbia--(Newsfile Corp. - July 13, 2018) - Tudor Gold Corp. (TSXV: TUD) (FSE: TUC) (the "Company" or
"Tudor Gold") is pleased to announce that it plans to arrange for a non-brokered private placement to raise gross proceeds of up to
$1,000,000, including anticipated insider participation of up to $200,000.
The private placement will be comprised of up to 1,000,000 units of the Company (the "Units") at a price of $0.35 per Unit. Each
Unit will be comprised of one common share and one transferable common share purchase warrant (each, a "Warrant"). Each Warrant
will entitle the holder to purchase one additional common share of the Company at an exercise price of $0.55 for a period of two
years from closing of the private placement.
The proceeds from the sale of the Units will be used to advance exploration of the Company's mineral properties in the Golden
Triangle of northwestern B.C. and for general corporate and working capital purposes.
All securities to be issued pursuant to the private placement will be subject to a four month hold period from the closing date
under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of
jurisdictions outside Canada. The private placement is subject to all necessary regulatory approvals including from the TSX Venture
Exchange.
About Tudor Gold
Tudor Gold is a precious and base metals explorer in British Columbia's Golden Triangle, an area which hosts multiple
past-producing mines and several large world-class deposits that are approaching potential development. The Company has a 60%
interest in both the Electrum and Treaty Creek properties, and a 100% interest in several other mineral properties, all of which
are located in the Golden Triangle area.
"Walter Storm"
Walter Storm
President and Chief Executive Officer
For further information, please visit the Company's website at www.tudor-gold.com or contact:
Aris Morfopoulos
Chief Financial Officer & Corporate Secretary
Tel: 604-721-2650
Email: aris@tudor-gold.com
Or
CHF Capital Markets
Cathy Hume
CEO
Tel: 416-868-1079 x 231
Email: cathy@chfir.com
Cautionary Statements regarding Forward-Looking Information
Certain statements contained in this press release constitute forward-looking information. These statements relate to future
events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated"
and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking
information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual
future results may differ materially.
All statements including, without limitation, statements relating to the ability to complete the offering on
the proposed terms or at all, anticipated use of proceeds from the offering and receipt of regulatory
approvals with respect to the offering as well as any other future plans, objectives or expectations of the
Company are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such
statements will prove to be accurate and actual results and future events could differ materially from those anticipated in
such statements. Important factors that could cause actual results to differ materially from the Company's plans or
expectations include risks relating to the actual results of current exploration activities, fluctuating gold prices,
possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general
economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other
risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company
expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as
a result of new information, future events or otherwise except as otherwise required by applicable securities
legislation.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
