Financings

Thunderbird Minerals arranges $500,000 financing

By The Northwire Desk — AI Analysis Aug 21, 2025 · 18:30 BIRD · 0.05 Thunderbird Minerals Corp.

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Thunderbird Minerals Corp. announced a non‑brokered private placement of 10 million units at $0.05 per unit, targeting gross proceeds of $500,000.
Each unit consists of one common share and one warrant to purchase an additional share at $0.10 for up to 12 months after closing (with acceleration provisions tied to the TSX‑V price).
Net proceeds are earmarked for general working capital, including settlement of liabilities, ongoing exploration expenditures, option payments on mineral properties, and other corporate expenses.

Units Offered: 10 million units @ $0.05 per unit → Gross Proceeds: $500,000.
Unit Composition: 1 common share + 1 common‑share purchase warrant.
Warrant Terms: Right to buy one additional common share at $0.10 per share; exercisable for 12 months post‑closing.
Accelerated Expiry Clause: If, after the statutory hold period, TSX‑V price ≥ $0.20 for 21 consecutive trading days, issuer may give notice and set new expiry to 30 calendar days after notice.
Insider Participation: Insiders may subscribe; transaction qualifies as a related‑party transaction but is expected to be exempt from MI 61‑101 valuation/approval thresholds (insider interest < 25 % of market cap).
Use of Proceeds: General working capital – settlement of current liabilities, continuing exploration expenditures, option payments for mineral properties, and other corporate/administrative expenses.
Statutory Hold Period: Securities subject to a hold period of 4 months + 1 day from issuance.
Finder’s Fees: Company may pay finder’s fees on a portion of the offering, subject to securities legislation.
Closing Conditions: Closing subject to TSX Venture Exchange approval.

(No executive quotes provided in the release.)

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