other material
confidence high
sentiment neutral
materiality 0.75
Thunder Mountain Gold announces $6.4M private placement and $1.1M debt settlement with shares
THUNDER MOUNTAIN GOLD INC
- Private placement up to ~$6.4M: 9,143,000 units at $0.70/unit, each unit = 1 share + 1/2 warrant (exercise $1.00, 24 months).
- Debt settlement of $1,104,625 via 1,578,036 shares at $0.70; includes 670,714 shares ($469,500) to CEO as related party.
- Proceeds used for advancing South Mountain Project: drilling, assaying, geophysical surveys, and general administration.
- Both transactions subject to TSX Venture Exchange approval; securities subject to 4-month hold.
- Warrants exercisable at US$1.00 (CAD$1.42) per share for 24 months from issuance.