Thunder Gold Closes First Tranche of Non-Brokered Private Placement
Thunder Gold Corp (TSXV: TGOL) (OTCQB: TGOLF) has closed the first tranche of its non-brokered private placement, raising $663,500 by issuing 22,116,667 Units at $0.03 per Unit. Each Unit includes one common share and one warrant, exercisable at $0.10 for 36 months. The company paid $19,650 in fees and issued 655,000 finder warrants. An insider subscribed for 333,333 Units. Proceeds will be used for working capital and advancing the Tower Mountain Gold Property in Ontario. The securities are subject to a four-month hold period and are not registered under the U.S. Securities Act.
Thunder Gold Corp (TSXV: TGOL) (OTCQB: TGOLF) ha chiuso il primo tranche della sua offerta privata non intermedia, raccogliendo 663.500 $ emettendo 22.116.667 unità a 0,03 $ per unità. Ogni unità include un'azione comune e un warrant, esercitabile a 0,10 $ per 36 mesi. L'azienda ha pagato 19.650 $ in commissioni e ha emesso 655.000 warrant di ricerca. Un insider ha sottoscritto 333.333 unità. I proventi saranno utilizzati per il capitale circolante e per far avanzare il Tower Mountain Gold Property in Ontario. I titoli sono soggetti a un periodo di blocco di quattro mesi e non sono registrati ai sensi del Securities Act degli Stati Uniti.
Thunder Gold Corp (TSXV: TGOL) (OTCQB: TGOLF) ha cerrado la primera fase de su colocación privada no intermediada, recaudando $663,500 al emitir 22,116,667 Unidades a $0.03 por Unidad. Cada Unidad incluye una acción ordinaria y una opción de compra, ejercitable a $0.10 durante 36 meses. La compañía pagó $19,650 en comisiones y emitió 655,000 opciones de compra. Un insider suscribió 333,333 Unidades. Los fondos se utilizarán para capital de trabajo y para avanzar en la Tower Mountain Gold Property en Ontario. Los valores están sujetos a un período de retención de cuatro meses y no están registrados bajo la Ley de Valores de EE. UU.
Thunder Gold Corp (TSXV: TGOL) (OTCQB: TGOLF)는 중개인이 없는 사모 배치를 최초로 완료했으며, $663,500를 모금하여 22,116,667 유닛을 유닛당 $0.03에 발행했습니다. 각 유닛에는 하나의 보통주와 36개월 동안 $0.10에 행사 가능한 워런트가 포함되어 있습니다. 회사는 $19,650의 수수료를 지불하고 655,000개의 파인더 워런트를 발행했습니다. 한 내부자는 333,333 유닛을 구독했습니다. 자금은 운영 자본 및 온타리오의 Tower Mountain Gold Property 추진에 사용될 것입니다. 이 증권은 4개월의 보유 기간이 적용되며, 미국 증권법에 따라 등록되지 않습니다.
Thunder Gold Corp (TSXV: TGOL) (OTCQB: TGOLF) a clôturé la première tranche de son placement privé non intermédié, levant 663 500 $ en émettant 22 116 667 unités à 0,03 $ par unité. Chaque unité comprend une action ordinaire et un bon de souscription, exerçable à 0,10 $ pendant 36 mois. La société a payé 19 650 $ de frais et a émis 655 000 bons de souscription de recherche. Un initié a souscrit à 333 333 unités. Les fonds seront utilisés pour le fonds de roulement et pour faire avancer le Tower Mountain Gold Property en Ontario. Les titres sont soumis à une période de blocage de quatre mois et ne sont pas enregistrés en vertu de la Loi sur les valeurs mobilières des États-Unis.
Thunder Gold Corp (TSXV: TGOL) (OTCQB: TGOLF) hat die erste Tranche ihrer nicht vermittelten Privatplatzierung abgeschlossen und 663.500 $ durch die Ausgabe von 22.116.667 Einheiten zu je 0,03 $ pro Einheit gesammelt. Jede Einheit umfasst eine Stammaktie und eine Warrante, die für 36 Monate zu 0,10 $ ausgeübt werden kann. Das Unternehmen hat 19.650 $ an Gebühren gezahlt und 655.000 Such-Warrante ausgegeben. Ein Insider hat für 333.333 Einheiten gezeichnet. Die Erlöse werden für Betriebskapital und zur Förderung des Tower Mountain Gold Property in Ontario verwendet. Die Wertpapiere unterliegen einer viermonatigen Haltedauer und sind nicht nach dem US-Wertpapiergesetz registriert.
- Raised $663,500 in the first tranche of private placement
- Each Unit includes a warrant exercisable at $0.10, potentially providing future capital
- Insider participation in the private placement
- Dilution of existing shareholders due to issuance of 22,116,667 new Units
- Majority of proceeds to be used for general working capital rather than specific project development
Thunder Bay, Ontario--(Newsfile Corp. - September 3, 2024) - Thunder Gold Corp (TSXV: TGOL) (FSE: Z25) (OTCQB: TGOLF) (formerly White Metal Resources Corp) ("Thunder Gold" or the "Company") is pleased to announce it has closed the first tranche of the non-brokered private placement previously announced on August 14, 2024 (the "Financing"). The Company has issued 22,116,667 Units at a price of
Each Unit consists of one common share of the Company and one common share purchase warrant (the "Warrant"), entitling the holder to purchase one additional common share of the Company at a price of
All securities issued in connection with the Financing, including the Finder's Warrants, are subject to the statutory hold period of four months plus a day from the date of issuance, in accordance with applicable securities legislation and the policies of the TSXV. The Financing is subject to the final approval of the TSXV.
The Company paid an aggregate of approximately
The first tranche of the Financing included a subscription by an insider of the Company to purchase an aggregate of 333,333 Units, which constitutes a "related party transaction" as such term is defined in Multilateral Instrument 61-101 - Protection of Minority Securityholders in Special Transactions ("MI 61-101"). The Company has relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related party participation in the Offering as neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involved the related parties, exceeded
Proceeds of the Financing will be used for general working capital purposes and to advance the Company's
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.
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 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/221835
FAQ
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