Thunder Mountain Gold Clarifies Private Placement Financing

Executive Summary

• Thunder Mountain Gold clarifies that its private placement will consist of up to 10,000,000 units (not 1,000,000) at US $0.25 per unit, targeting gross proceeds of up to US $2.5 million (CAD $3.5 million).
• Each unit includes one common share and half a warrant; the warrant allows purchase of an additional share at US $0.40 for 24 months.
• Proceeds are earmarked for exploration activities and general working capital.

Key Details

• Offering Size: Up to 10,000,000 units (each = 1 common share + ½ warrant).
• Price per Unit: US $0.25 (CAD $0.35).
• Total Gross Proceeds Target: Up to US $2,500,000 (CAD $3,500,000).
• Warrant Terms: One‑half warrant per unit; each whole warrant permits purchase of one additional common share at US $0.40 (CAD $0.55) for 24 months from issuance.
• Closing Structure: May occur in one or more tranches, subject to regulatory approval and TSX Venture Exchange conditions.
• Use of Proceeds: Primarily for exploration programs and general working capital needs.
• Regulatory Status: Conditional approval received from the TSX Venture Exchange; closing remains contingent on satisfying exchange conditions.
• Investor Eligibility: Private placement limited to accredited investors under applicable securities law exemptions; securities are “restricted” and subject to a four‑month hold period per TSX Venture Exchange policy.

Notable Quotes

(No direct quotes provided in the release.)