Thunder Mountain Gold, Inc. announced that its board of directors approved a non-brokered private placement to raise up to US$670,000. The financing involves offering up to 13,400,000 units at a price of US$0.05 per unit. Each unit will consist of one common share and one common share purchase warrant, with each warrant entitling the holder to purchase an additional common share at US$0.10 for a period of 36 months.
The proceeds from this private placement are designated for exploration activities and for general working capital. This capital infusion is essential for supporting the company's ongoing operations and advancing its mineral projects. The company may close the private placement in one or more tranches, subject to regulatory approval from the TSX Venture Exchange.
The private placement will be made on a private placement basis to accredited investors only, in compliance with 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.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.