- Tudor Gold (TUD) obtained an interim order from the Supreme Court of B.C. yesterday
- The order is regarding the approval of a spin-out transaction with Goldstorm Metals Corp.
- Tudor Gold (TUD) is a precious and base metals exploration and development company with properties in British Columbia’s Golden Triangle, an area that hosts producing and past-producing mines and several large deposits that are approaching potential development
- Tudor Gold (TUD) is down today, trading at C$1.60 at 3:30 pm ET
Tudor Gold (TUD) recently obtained an interim order from the Supreme Court of B.C.
This order authorizes the company to hold its annual general and special meeting to discuss a spin-out transaction in accordance with the arrangement agreement with Goldstorm Metals Corp.
Pursuant to the arrangement, among other things:
- Shareholders as of August 3, 2022 will receive .25 of a common share of Goldstorm for every one common share of Tudor Gold held
- Goldstorm will acquire the company’s 6 contiguous Golden Triangle Area mineral properties, being the Mackie East, Mackie West, Fairweather, High North, Delta and Orion and Electrum properties in consideration for Goldstorm issuing 49,847,967 Goldstorm shares to the shareholders as of Aug 3rd.
Additional information on the arrangement will be distributed directly to shareholders. Completion of this arrangement is expected for the week of September 12, 2022.
Tudor Gold (TUD) is a precious and base metals exploration and development company with properties in British Columbia’s Golden Triangle, an area that hosts producing and past-producing mines and several large deposits that are approaching potential development.
Tudor Gold (TUD) is down today, trading at C$1.60 at 3:30 pm ET.
