Thunder Mountain Gold secures financing through private placement
- Thunder Mountain Gold's board approved a private placement of up to 13,400,000 units at US$0.05 per unit.
- This funding initiative is aimed solely at accredited investors and requires TSX Venture Exchange approval.
- The company plans to raise gross proceeds of up to US$670,000 with these securities subject to a four-month hold period.
In Vancouver, British Columbia, and Boise, Idaho, on November 28, 2024, Thunder Mountain Gold, Inc. announced the approval of a non-brokered private placement of units by its board of directors. The private placement will allow the company to issue up to 13,400,000 units at a price of US$0.05 each, which could result in gross proceeds totaling approximately US$670,000 (CAD$938,000). This initiative is intended to attract accredited investors and is contingent on the approval of the TSX Venture Exchange. The company stated that the securities associated with this financing have not yet been registered under the U.S. Securities Act of 1933 or any state securities laws. Therefore, these units cannot be offered or sold within the United States or to U.S. persons unless proper compliance measures are in place. Following this private placement, a four-month hold period will apply according to the TSX Venture Exchange policies and Canadian securities regulations. Furthermore, Thunder Mountain Gold holds 100% of the Trout Creek Project which is situated along the Shoshone Mountain Range and surrounded by significant mining operations operated by Barrick and Newmont Gold, Inc. The South Mountain Mine project is also part of the company's portfolio, known for its high-grade polymetallic mineral deposits including zinc and silver. The announcement is characterized as a forward-looking statement, with the company expressing management's beliefs and expectations concerning future actions and outcomes. However, actual occurrences may markedly differ from the planned projections, emphasizing the variability associated with forward-looking projections and the necessity of adhering to regulatory demands regarding private placements in the investment landscape.