Thunder Mountain Gold, Inc. announced a non-brokered private placement for up to 10,000,000 units at a price of US$0.25 per unit, aiming for gross proceeds of up to US$2,500,000. The company had previously announced this financing on October 2, 2025, and issued a clarification on October 3, 2025, to correct the number of units while confirming the total proceeds. Each unit will consist of one common share and one-half common share purchase warrant, with each whole warrant entitling the holder to purchase an additional common share at US$0.40 for 24 months.
The proceeds raised pursuant to this private placement are intended for exploration activities and for general working capital. The company has received conditional approval from the TSX Venture Exchange for the completion of this financing. Closing remains subject to satisfying the conditions required by the TSX Venture Exchange.
The private placement will be made on a private placement basis to accredited investors only, pursuant to exemptions from prospectus and registration requirements of applicable securities laws. The securities issued will be 'restricted securities' under the U.S. Securities Act and subject to a four-month hold period in accordance with Canadian securities legislation.
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