Thunder Mountain Gold Announces Private Placement Financing

Executive Summary

• Thunder Mountain Gold, Inc. announced board approval for a non‑brokered private placement of up to 1,000,000 units at US$0.25 per unit, targeting gross proceeds of up to US$2.5 million (CAD$3.5 million).
• Each unit consists of one common share and half of a common‑share purchase warrant; the warrant allows purchase of an additional share at US$0.40 for 24 months.
• Proceeds will be used to fund exploration activities and general working capital, supporting advancement of the South Mountain and Trout Creek projects.

Key Details

• Units Offered: Up to 1,000,000 units (each = 1 common share + ½ warrant).
• Pricing: US$0.25 per unit (CAD$0.35 per unit).
• 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 a 24‑month period from issuance.
• Closing Structure: Placement may close in one or more tranches, subject to TSX Venture Exchange conditional approval and satisfaction of required conditions.
• Use of Proceeds: Primarily for exploration programs on the South Mountain Mine (Idaho) and Trout Creek Project (Nevada), plus general working capital.
• Regulatory Status: Private placement to accredited investors under exemption from prospectus requirements; securities are “restricted” and subject to a four‑month hold period per TSX Venture Exchange rules.
• Conditional Approval: Received conditional approval from the TSX Venture Exchange; final closing pending fulfillment of conditions.

Notable Quotes

(No direct quotes were provided in the release.)