Precious and Base Metals Exploration and Development

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American Creek Resources Announces Closing of Approval of Plan of Arrangement with Tudor Gold Corp.
Newsfile· 2025-09-04 18:15
Core Points - American Creek Resources Ltd. has successfully closed the statutory plan of arrangement with Tudor Gold Corp., making American Creek a wholly-owned subsidiary of Tudor as of September 4, 2025 [1][5]. Group 1: Transaction Details - Under the arrangement, Tudor acquired all issued and outstanding common shares of American Creek, with each shareholder receiving 0.238 of a common share of Tudor for each share held [2]. - American Creek options were replaced with replacement options exercisable for Tudor shares at the same exchange ratio, maintaining the same terms and conditions as the original options [2]. - Warrants for American Creek shares will remain outstanding and can be exercised for Tudor shares at the same exchange ratio [2]. Group 2: Delisting and Reporting - American Creek shares are expected to be delisted from the TSX Venture Exchange and OTCQB at the close of trading on September 5, 2025 [3]. - The company plans to apply to cease being a reporting issuer and terminate its public reporting obligations [3]. Group 3: Company Background - Tudor Gold Corp. is involved in precious and base metals exploration and development, with claims in British Columbia's Golden Triangle, an area known for its mining potential [6].
Tudor Gold Closes Acquisition of American Creek
Newsfile· 2025-09-04 09:30
Core Viewpoint - Tudor Gold Corp. has successfully completed the acquisition of American Creek Resources Ltd., increasing its ownership interest in the Treaty Creek Project to 80% [1][2][3]. Transaction Details - The acquisition was executed under an arrangement agreement announced on June 26, 2025, where Tudor acquired all issued and outstanding common shares of American Creek, making it a wholly-owned subsidiary [2]. - American Creek shareholders received 0.238 of a common share of Tudor for each share held, establishing the exchange ratio [2]. - AMK options were replaced with Tudor options at the same exchange ratio, while AMK warrants will remain outstanding and can be exercised for Tudor shares at the same ratio [2]. Strategic Implications - The acquisition positions Tudor to attract a broader range of potential investors and enhances its exploration capabilities in the Treaty Creek Project, which is noted for its significant gold discovery potential [3]. - The company has settled $1,220,733 in severance payments to former insiders of AMK, issuing 2,273,244 common shares at a price of $0.537 per share [3]. Market Impact - AMK shares are expected to be delisted from the TSX Venture Exchange and OTCQB on September 5, 2025, as Tudor plans to cease American Creek's public reporting obligations [4]. Company Background - Tudor Gold Corp. is focused on precious and base metals exploration and development in British Columbia's Golden Triangle, an area known for its rich mineral deposits [7].
Tudor Gold Announces Closing of $14.95 Million Financing, with Participation by Eric Sprott
Newsfile· 2025-05-29 17:34
Core Viewpoint - Tudor Gold Corp. has successfully closed a financing round, raising approximately $14.95 million through a brokered offering and private placement, with participation from notable investor Eric Sprott [1][2]. Financing Details - The financing included the issuance of 10,158,045 non-flow-through units at a price of $0.50 per unit, 8,333,500 flow-through units for charitable purchasers at $0.75 per unit, and 6,034,752 flow-through units at $0.60 per unit [6]. - The net proceeds from the sale of NFT Units will be allocated for working capital and general corporate purposes, while the gross proceeds from FT Units and Charity FT Units will be directed towards exploration expenses on the Treaty Creek property [3][4]. Investor Participation - Eric Sprott, through his corporation, acquired 2,000,000 Common Shares and 1,000,000 Warrants as part of the financing [2]. - Related parties purchased a total of 2,227,000 Common Shares and 1,113,500 Warrants, which are classified as related party transactions [10]. Use of Proceeds - The funds raised will be utilized for exploration activities on the Treaty Creek project, which is located in British Columbia's Golden Triangle [4][11]. - The Company has committed to indemnifying subscribers for any additional taxes resulting from the Canada Revenue Agency's potential reduction of Qualifying Expenditures [4]. Regulatory Compliance - The Offerings are subject to final approval from the TSX Venture Exchange and adhere to Canadian securities laws, including a four-month hold period for the FT Units and underlying securities [8].
Tudor Gold Announces Upsize of Financing and Full Exercise of Over-Allotment Option for a Total of $14.95 Million, with Participation by Eric Sprott
Newsfile· 2025-05-15 20:53
Core Viewpoint - Tudor Gold Corp. has announced an upsized financing deal totaling $14.95 million, including the full exercise of the over-allotment option, with participation from Eric Sprott [2][3]. Financing Details - The financing consists of approximately $11.3 million from a Prospectus Offering and about $3.65 million from a Private Placement Offering [2]. - The Offered Securities include 10,158,045 non-flow-through units priced at $0.50 each, 8,333,500 flow-through units for charitable purchasers at $0.75 each, and 6,034,752 flow-through units at $0.60 each [5][6]. Use of Proceeds - Net proceeds from the sale of non-flow-through units will be allocated for working capital and general corporate purposes [6]. - Gross proceeds from flow-through units will be directed towards exploration expenses on the Treaty Creek property in British Columbia [6][7]. Closing and Regulatory Approval - The Offerings are expected to close around May 29, 2025, pending necessary approvals, including from the TSX Venture Exchange [4][10]. Agent Compensation - Agents involved in the Offerings will receive a cash fee of 6.0% of the gross proceeds and non-transferable broker warrants equal to 6.0% of the total number of Offered Securities sold [10]. Company Overview - Tudor Gold Corp. is focused on precious and base metals exploration and development, particularly in British Columbia's Golden Triangle, with significant interests in the Treaty Creek project [12].
TUDOR GOLD Appoints Joe Ovsenek as President and CEO and Augments Its Executive Team
Newsfile· 2025-05-12 08:00
Core Viewpoint - Tudor Gold Corp. has appointed Joe Ovsenek as President and CEO, enhancing its executive team to drive growth and development in the mining sector [1][2][3] Executive Team Augmentation - The new executive team includes Joe Ovsenek as President and CEO, Ken McNaughton as Vice President of Project Development, and Michelle Romero as Vice President of External Affairs [1][2] - Joe Ovsenek has a proven track record in advancing mining projects, notably leading the Brucejack Mine from discovery to commercial production in under eight years [2] Strategic Focus - The company aims to leverage its experienced team to advance the Goldstorm Deposit at Treaty Creek, which is seen as a cornerstone asset with strategic advantages such as excellent infrastructure access and strong community relationships [3] - The Treaty Creek project spans 17,913 hectares and is located in British Columbia's Golden Triangle, an area known for its rich mineral deposits [4]