Corporate ActionJul 9, 2026, 01:21 PM
Thunder Mountain Gold Announces $6.4M Private Placement
AI Summary
Thunder Mountain Gold, Inc. announced a proposed non-brokered private placement to raise up to US$6.4 million by issuing up to 9,143,000 units at US$0.70 per unit, with each unit including one common share and one-half warrant. The proceeds will be used to advance the South Mountain Project. Additionally, the company approved a debt settlement of US$1,104,625 by issuing up to 1,578,036 common shares at US$0.70 to its President and CEO and certain former service providers. Both the private placement and debt settlement are subject to TSX Venture Exchange approval.
Key Highlights
- Proposed non-brokered private placement to raise up to US$6.4 million.
- Issuance of up to 9,143,000 units at US$0.70 (CAD$1.00) per unit in private placement.
- Each unit consists of one common share and one-half common share purchase warrant.
- Warrants entitle holders to purchase additional common shares at US$1.00 (CAD$1.42) for 24 months.
- Proceeds from private placement will fund the South Mountain Project, including drilling and surveys.
- Debt settlement of US$1,104,625 (CAD$1,578,036) approved.
- Issuance of up to 1,578,036 common shares at US$0.70 (CAD$1.00) for debt settlement.
- 670,714 common shares issued to the President and CEO for US$469,500 debt.
Price Impact
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