Thunder Gold Announces Non-Brokered Private Placement
Thunder Gold Corp (TSXV: TGOL, OTCQB: TGOLF) has announced a non-brokered private placement aiming to raise $1,250,000 through the sale of 20,833,333 units at $0.06 per unit. Each unit includes one common share and half a purchase warrant, with each whole warrant allowing the purchase of one share at $0.10 within 18 months.
The company may pay finder's fees up to 5% in cash and 5% in finder warrants, with PowerOne Capital Markets acting as a finder. The financing is expected to close around January 23, 2025. Proceeds will be used for exploration of the Tower Mountain Gold Property and working capital. Company directors and officers may participate in the financing, with appropriate exemptions from MI 61-101 requirements.
Thunder Gold Corp (TSXV: TGOL, OTCQB: TGOLF) ha annunciato un collocamento privato non intermediatore con l'obiettivo di raccogliere $1.250.000 attraverso la vendita di 20.833.333 unità a $0,06 per unità. Ogni unità comprende un'azione comune e mezzo warrant d'acquisto, con ogni warrant intero che consente l'acquisto di un'azione a $0,10 entro 18 mesi.
L'azienda potrebbe pagare commissioni di intermediazione fino al 5% in contanti e 5% in warrant per gli intermediari, con PowerOne Capital Markets che funge da intermediario. Il finanziamento dovrebbe chiudersi intorno al 23 gennaio 2025. I proventi saranno utilizzati per l'esplorazione del Tower Mountain Gold Property e per il capitale circolante. I direttori e funzionari della società possono partecipare al finanziamento, con le appropriate esenzioni dai requisiti di MI 61-101.
Thunder Gold Corp (TSXV: TGOL, OTCQB: TGOLF) ha anunciado una colocación privada no mediada con el objetivo de recaudar $1,250,000 a través de la venta de 20,833,333 unidades a $0.06 por unidad. Cada unidad incluye una acción ordinaria y medio warrant de compra, siendo cada warrant completo capaz de permitir la compra de una acción a $0.10 dentro de 18 meses.
La compañía puede pagar comisiones de intermediarios de hasta el 5% en efectivo y 5% en warrants para intermediarios, siendo PowerOne Capital Markets el intermediario. Se espera que el financiamiento se cierre alrededor del 23 de enero de 2025. Los fondos se utilizarán para la exploración de la propiedad Tower Mountain Gold y para capital de trabajo. Los directores y funcionarios de la empresa pueden participar en el financiamiento, con las exenciones apropiadas de los requisitos de MI 61-101.
Thunder Gold Corp (TSXV: TGOL, OTCQB: TGOLF)는 중개인이 없는 사모 배치를 발표하며 $1,250,000를 모금할 예정입니다. 이는 20,833,333 유닛을 유닛당 $0.06에 판매하는 것을 통해 이루어집니다. 각 유닛에는 하나의 일반주와 반 개의 구매워런트가 포함되어 있으며, 전체 워런트 하나는 18개월 이내에 $0.10에 하나의 주식을 구매할 수 있습니다.
회사는 파인더 수수료로 최대 5%의 현금 및 5%의 파인더 워런트를 지급할 수 있으며, PowerOne Capital Markets가 파인더 역할을 합니다. 자금 조달은 2025년 1월 23일 경에 마감될 예정입니다. 수익금은 Tower Mountain Gold Property 탐사 및 운영 자금으로 사용될 것입니다. 회사의 이사와 임원은 MI 61-101 요구 사항에 대한 적절한 면제를 받아 자금 조달에 참여할 수 있습니다.
Thunder Gold Corp (TSXV: TGOL, OTCQB: TGOLF) a annoncé un placement privé non courtier visant à lever $1,250,000 par la vente de 20,833,333 unités à $0,06 par unité. Chaque unité comprend une action ordinaire et un demi-bond d'achat, chaque bond entier permettant d'acheter une action à $0,10 dans les 18 mois.
La société peut verser des frais de courtage jusqu'à 5% en espèces et 5% en warrants de courtage, PowerOne Capital Markets agissant en tant que courtier. Le financement devrait se clôturer aux alentours du 23 janvier 2025. Les fonds seront utilisés pour l'exploration de la propriété Tower Mountain Gold et pour le fonds de roulement. Les administrateurs et les dirigeants de l'entreprise peuvent participer au financement, avec les exemptions appropriées des exigences de MI 61-101.
Thunder Gold Corp (TSXV: TGOL, OTCQB: TGOLF) hat eine nicht vermittelte Privatplatzierung angekündigt, die darauf abzielt, $1.250.000 durch den Verkauf von 20.833.333 Einheiten zu einem Preis von $0,06 pro Einheit zu beschaffen. Jede Einheit besteht aus einer Stammaktie und einem halben Kaufwarrant, wobei jeder gesamte Warrant den Kauf einer Aktie zu $0,10 innerhalb von 18 Monaten erlaubt.
Das Unternehmen kann Findergebühren von bis zu 5% in bar und 5% in Finder-Warrants zahlen, wobei PowerOne Capital Markets als Finder fungiert. Die Finanzierung wird voraussichtlich um den 23. Januar 2025 abgeschlossen. Die Erlöse sollen für die Exploration des Tower Mountain Gold Property und Betriebskapital verwendet werden. Unternehmensleiter und -beamte können an der Finanzierung teilnehmen, mit den entsprechenden Ausnahmen von den Anforderungen der MI 61-101.
- Raising $1.25 million in new capital
- Funds allocated for exploration of Tower Mountain Gold Property
- Potential dilution for existing shareholders through new share issuance
- 18-month warrant exercise price at $0.10 represents a 67% premium to unit price
Thunder Bay, Ontario--(Newsfile Corp. - January 15, 2025) - Thunder Gold Corp (TSXV: TGOL) (FSE: Z25) (OTCQB: TGOLF) (formerly White Metal Resources Corp) ("Thunder Gold" or the "Company") is pleased to announce it intends to complete a non-brokered private placement of approximately
The Units shall be subject to the statutory hold period of four (4) months plus a day from the date of issuance in accordance with applicable securities legislation. The Company may pay finder's fees to eligible finders in accordance with the policies of the TSXV consisting of a cash fee equal to up to
The Company anticipates that the Financing will close on or about January 23, 2025.
The Company intends to use the net proceeds of the Financing for exploration of the Tower Mountain Gold Property and for general working capital purposes. Certain directors and officers of the Company may participate in the Financing. Any such participation would be considered a "related party transaction" for purposes of Multilateral Instrument 61-101 - Protection of Minority Shareholders in Special Transactions ("MI 61-101"). The Company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(b) and 5.7(b) of MI 61-101 in respect of any such insider participation.
The securities issued pursuant to the Financing have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the United States or U.S. persons absent registration under the U.S. Securities Act and all applicable state securities laws or compliance with the requirements of an exemption therefrom. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The Financing is subject to TSXV approval.
Qualified Person
Technical information in this news release has been reviewed and approved by Wes Hanson, P.Geo., President and CEO of Thunder Gold Corp., who is a Qualified Person under the definitions established by NI 43-101.
About the Tower Mountain Gold Property
The
About Thunder Gold Corp.
Thunder Gold Corporation, formerly White Metal Resources. is a junior exploration company focused on gold discovery in Canada. For more information about the Company please visit:
www.thundergoldcorp.com
On behalf of the Board of Directors,
Wes Hanson, P.Geo., President and CEO
For further information contact:
Wes Hanson, CEO
(647) 202-7686
whanson@thundergoldcorp.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
The information contained herein contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation (collectively, "forward-looking statements"). Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. All statements, other than statements of historical fact, are forward-looking statements and are based on predictions, expectations, beliefs, plans, projections, objectives and assumptions made as of the date of this news release, including without limitation: the size of the Financing and other statements concerning the Financing; the expected closing date of the Financing; the anticipated use of proceeds from the Financing; anticipated results of geophysical drilling programs, geological interpretations and potential mineral recovery. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.
Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to the gold price and other commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty or reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise any forward-looking statements, other than as required by applicable law, to reflect new information, events or circumstances, or changes in management's estimates, projections or opinions. Actual events or results could differ materially from those anticipated in the forward-looking statements or from the Company's expectations or projections.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/237379
FAQ
What is the size and price of Thunder Gold's (TGOLF) January 2025 private placement?
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