Thunder Mountain Gold closes US$5.66 million private placement of 8,090,451 units at US$0.7 each
THMG•Private placement closed
Thunder Mountain Gold closed a non-brokered private placement of 8,090,451 units at US$0.70 per unit, raising US$5.66 million.
Each unit includes one common share, plus one-half warrant exercisable at US$1.00 for 24 months.
Proceeds are earmarked for the South Mountain Project, including drilling, assaying, and geophysical surveys.
The company paid US$66,563 in finder’s fees and issued 94,089 finder warrants exercisable at US$1.00 for 24 months.
The financing remains subject to final TSX Venture Exchange approval.
