Thunder Mountain arranges $3.5M private placement

Executive Summary

• Thunder Mountain Gold Inc. announced a non‑brokered private placement of up to 1,000,000 units at $0.25 USD per unit (gross proceeds up to $2.5 M USD).
• Each unit consists of one common share and one half‑share purchase warrant exercisable at $0.40 USD for 24 months.
• Proceeds will be used to fund exploration activities on its South Mountain and Trout Creek projects and for general working capital.

Key Details

• Placement Size: Up to 1,000,000 units.
• Pricing: $0.25 USD per unit (equivalent to $0.35 USD per unit when including warrant value).
• Gross Proceeds: Up to $2.5 M USD (or $3.5 M USD inclusive of warrant component).
• Unit Composition: 1 common share + ½ common share purchase warrant.
• Warrant Terms: Right to purchase one additional common share at $0.40 USD (or $0.55 USD) per share; exercisable for 24 months from issuance.
• Closing Structure: May be completed in one or more tranches, subject to regulatory approval and TSX Venture Exchange conditions.
• Use of Proceeds: Primarily for exploration on the South Mountain and Trout Creek projects and for general working capital.
• Regulatory Status: Conditional approval received from the TSX Venture Exchange; closing pending satisfaction of exchange conditions.

Notable Quotes

(No direct quotes were provided in the release.)