other material
confidence high
sentiment positive
materiality 0.60
Thunder Mountain Gold closes US$2.5M private placement; proceeds for South Mountain
THUNDER MOUNTAIN GOLD INC
- Raised US$2.5M via 10M units at US$0.25/unit; each unit = 1 common share + 1/2 warrant exercisable at $0.40 until Oct 24, 2027.
- Proceeds earmarked for South Mountain drilling, metallurgy, resource/ mine planning studies and working capital.
- Warrants are exercisable at US$0.40 per share; securities subject to 4-month hold expiring Feb 24, 2026 under Canadian securities laws.
- Private placement is exempt from registration under Rule 506(b)/Section 4(a)(2); final TSX Venture Exchange acceptance pending.