Thunder Mountain clarifies number of placement units

Executive Summary

• Thunder Mountain Gold clarifies that its private placement will consist of up to 10 million units (not 1 million) at $0.25 US / $0.35 CAD per unit, targeting gross proceeds of up to $2.5 M US ($3.5 M CAD).
• Each unit includes one common share and a half‑share purchase warrant; warrants allow purchase of additional shares at $0.40 US ($0.55 CAD) for 24 months.
• Proceeds are earmarked for exploration activities and general working capital.

Key Details

• Offering Size: Up to 10 million units (each = 1 common share + ½ warrant).
• Pricing: $0.25 US ($0.35 CAD) per unit.
• Gross Proceeds Target: Up to $2.5 M US ($3.5 M CAD).
• Warrant Terms: One‑half warrant per unit; each warrant gives the right to buy one additional common share at $0.40 US ($0.55 CAD) exercisable for 24 months from issuance.
• Closing Structure: May occur in one or more tranches, subject to regulatory approval.
• Use of Proceeds: Funding exploration programs and providing general working capital for the company.
• 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.)