Thunder Mountain Gold Announces Private Placement Financing
Thunder Mountain Gold (OTCQB: THMG) announces a non-brokered private placement of up to 13.4 million units at US$0.05 per unit, aiming to raise up to US$670,000. Each unit includes one common share and one warrant, exercisable at US$0.10 for 36 months. The proceeds will fund exploration and working capital. The placement is subject to TSX Venture Exchange approval and will be offered to accredited investors only. The company's main asset is the South Mountain Mine in Idaho, a historic polymetallic mine containing zinc, silver, gold, copper, and lead deposits.
Thunder Mountain Gold (OTCQB: THMG) annuncia un collocamento privato non intermediato di fino a 13,4 milioni di unità a 0,05 USD per unità, con l'obiettivo di raccogliere fino a 670.000 USD. Ogni unità include una azione comune e un warrant, esercitabile a 0,10 USD per 36 mesi. I proventi saranno utilizzati per l'esplorazione e per il capitale circolante. Il collocamento è soggetto all'approvazione del TSX Venture Exchange e sarà offerto solo a investitori accreditati. L'asset principale della società è la South Mountain Mine in Idaho, una storica miniera polimetallica contenente depositi di zinco, argento, oro, rame e piombo.
Thunder Mountain Gold (OTCQB: THMG) anuncia una colocación privada no intermediada de hasta 13,4 millones de unidades a 0,05 USD por unidad, con el objetivo de recaudar hasta 670.000 USD. Cada unidad incluye una acción común y una opción de compra, que se puede ejercer a 0,10 USD durante 36 meses. Los ingresos se destinarán a la exploración y al capital de trabajo. La colocación está sujeta a la aprobación de la TSX Venture Exchange y se ofrecerá solo a inversores acreditados. El activo principal de la empresa es la South Mountain Mine en Idaho, una histórica mina polimetálica que contiene depósitos de zinc, plata, oro, cobre y plomo.
썬더 마운틴 골드 (OTCQB: THMG)는 중개인 없이 최대 1,340만 개 단위를 단가 0.05달러에 배포하는 비공식적인 사모를 발표하며, 최대 67만 달러를 조달하는 것을 목표로 하고 있습니다. 각 단위는 하나의 보통주와 36개월 동안 0.10달러에 행사할 수 있는 워런트를 포함합니다. 수익금은 탐사 및 운영 자금으로 사용됩니다. 이 배치에는 TSX 벤처 거래소의 승인이 필요하며, 공인 투자자에게만 제공됩니다. 회사의 주요 자산은 아이다호에 위치한 사우스 마운틴 광산으로, 아연, 은, 금, 구리 및 납의 다금속 광산입니다.
Thunder Mountain Gold (OTCQB: THMG) annonce un placement privé sans intermédiaire pouvant aller jusqu'à 13,4 millions d'unités au prix de 0,05 USD par unité, visant à lever jusqu'à 670 000 USD. Chaque unité comprend une action ordinaire et un bon de souscription, exerçable à 0,10 USD pendant 36 mois. Les recettes serviront à financer l'exploration et le fonds de roulement. Le placement est soumis à l'approbation de la TSX Venture Exchange et sera proposé uniquement aux investisseurs accrédités. L'actif principal de la société est la South Mountain Mine dans l'Idaho, une mine polymétallique historique contenant des dépôts de zinc, d'argent, d'or, de cuivre et de plomb.
Thunder Mountain Gold (OTCQB: THMG) kündigt eine nicht vermittelte Privatplatzierung von bis zu 13,4 Millionen Einheiten zu je 0,05 USD pro Einheit an, mit dem Ziel, bis zu 670.000 USD zu sammeln. Jede Einheit umfasst eine Stammaktie und eine Optionsschein, die für 36 Monate zu 0,10 USD ausgeübt werden kann. Die Einnahmen werden für Exploration und Betriebskapital verwendet. Die Platzierung unterliegt der Genehmigung der TSX Venture Exchange und wird nur akkreditierten Investoren angeboten. Das Hauptvermögen des Unternehmens ist die South Mountain Mine in Idaho, eine historische polymetallische Mine mit Zink-, Silber-, Gold-, Kupfer- und Bleivorkommen.
- Historic mine data shows high-grade deposits with 14.5% Zn, 363.42 g/t Ag, 1.98 g/t Au, 1.4% Cu, and 2.4% Pb
- Company has invested approximately US$25 million in the South Mountain Project
- Project is on private land with streamlined permitting process
- Potential shareholder dilution through 13.4 million unit private placement
- Securities will be subject to a four-month hold period
- Company requires additional funding for exploration and working capital
Vancouver, British Columbia and Boise, Idaho--(Newsfile Corp. - November 28, 2024) - Thunder Mountain Gold, Inc. (TSXV: THM) (OTCQB: THMG) (the "Company" or "Thunder Mountain") is pleased to announce that its board of directors has approved a non-brokered private placement of up to 13,400,000 units of the Company (each, a "Unit") at a price of US
The proceeds raised pursuant to the Private Placement will be used for exploration and for general working capital.
The Private Placement remains subject to the approval of the TSX Venture Exchange.
The Private Placement will be made on a private placement basis to accredited investors only pursuant to exemptions from prospectus and registration requirements of applicable securities laws. The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and accordingly, may not be offered or sold within the United States or to "U.S. persons", as such term is defined in Regulation S promulgated under the U.S. Securities Act, except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws, or pursuant to exemptions therefrom. The securities issued in the Private Placement will be "restricted securities" under the U.S. Securities Act. The securities issued in the Private Placement will be subject to a four-month hold period in accordance with the policies of the TSX Venture Exchange and applicable Canadian securities legislation.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which the offer, solicitation or sale would be unlawful.
Regarding Thunder Mountain Gold, Inc.
Thunder Mountain Gold Inc., a junior exploration company founded in 1935, owns interests in base and precious metals projects in the western U.S. The Company's principal asset is The South Mountain Mine, a historic former Anaconda Mining development of zinc, silver, gold, lead, and copper, located on private land in Owyhee County Idaho. Thunder Mountain Gold also owns
The South Mountain Project
The South Mountain Mine is a polymetallic development project containing high-grade zinc, silver, gold, and copper, and is located on private land approximately 70 miles southwest of Boise, Idaho (See Figure 1 above). The Project is on private land, permitting has been, and should continue to be a clear-cut process. The Project was intermittently mined from the late from 1940s to the late 1960s, most notably by Anaconda Mining, with over 4,000 feet of underground developmental workings that that have been rehabilitated, re-engineered, and MSHA compliant. Thunder Mountain Gold Inc. purchased and advanced the project from 2007 through Present, with expenditures into the project of approximately US
Forward-Looking Statements
This press release contains forward-looking statements that are based on the beliefs of management and reflect the Company's current expectations. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. The forward-looking statements are based on certain assumptions, which could change materially in the future. By their nature, forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on forward-looking information. Forward-looking information is provided as of the date of this press release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required in accordance with applicable laws.
Cautionary Note to Investors
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Thunder Mountain Gold, Inc.
Eric T. Jones
President and Chief Executive Officer
eric@thundermountaingold.com
Office: (208) 658-1037
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/231843
FAQ
What is the price per unit in Thunder Mountain Gold's (THMG) private placement?
How much is Thunder Mountain Gold (THMG) aiming to raise in their 2024 private placement?
What are the warrant terms in THMG's November 2024 private placement?
What are the historical grades of Thunder Mountain Gold's South Mountain Mine?
