Thunder Mountain Gold, Inc. Secures US$620,000 (CAD$868,000) to Advance South Mountain Project
Thunder Mountain Gold (OTCQB: THMG) has successfully completed a non-brokered private placement, raising US$620,000 (CAD$868,000) through the sale of 12,400,000 units at US$0.05 each. Each unit includes one common share and one warrant, exercisable at US$0.10 for three years. The funding will be used to advance exploration at the South Mountain Project in Idaho and Trout Creek Project in Nevada, along with general working capital. No placement or brokerage fees were incurred.
The securities are subject to a six-month hold period under U.S. Securities Act and a four-month hold period under Canadian securities laws. The Company's primary asset is the South Mountain Mine, a historic former Anaconda Mining development of zinc, silver, gold, lead, and copper in Owyhee County, Idaho.
Thunder Mountain Gold (OTCQB: THMG) ha completato con successo un collocamento privato non mediato, raccogliendo 620.000 dollari statunitensi (868.000 dollari canadesi) attraverso la vendita di 12.400.000 unità a 0,05 dollari ciascuna. Ogni unità include un'azione comune e un warrant, esercitabile a 0,10 dollari per tre anni. I fondi saranno utilizzati per avanzare l'esplorazione presso il South Mountain Project in Idaho e il Trout Creek Project in Nevada, insieme al capitale di lavoro generale. Non sono state sostenute commissioni di collocamento o di intermediazione.
I titoli sono soggetti a un periodo di blocco di sei mesi ai sensi della Legge sui Titoli degli Stati Uniti e a un periodo di blocco di quattro mesi ai sensi delle leggi sui titoli canadesi. L'asset principale dell'Azienda è la miniera di South Mountain, un storico sviluppo minerario dell'Anaconda Mining di zinco, argento, oro, piombo e rame nella contea di Owyhee, Idaho.
Thunder Mountain Gold (OTCQB: THMG) ha completado con éxito una colocación privada sin intermediarios, recaudando 620,000 dólares estadounidenses (868,000 dólares canadienses) a través de la venta de 12,400,000 unidades a 0.05 dólares cada una. Cada unidad incluye una acción común y un warrant, ejercitable a 0.10 dólares durante tres años. Los fondos se utilizarán para avanzar en la exploración en el South Mountain Project en Idaho y el Trout Creek Project en Nevada, junto con el capital de trabajo general. No se incurrieron en comisiones de colocación o de corretaje.
Los valores están sujetos a un período de retención de seis meses bajo la Ley de Valores de EE. UU. y a un período de retención de cuatro meses bajo las leyes de valores canadienses. El principal activo de la Compañía es la mina South Mountain, un histórico desarrollo de Anaconda Mining de zinc, plata, oro, plomo y cobre en el condado de Owyhee, Idaho.
Thunder Mountain Gold (OTCQB: THMG)는 비중개 사모 배정을 성공적으로 완료하고, 620,000 미국 달러 (868,000 캐나다 달러)를 모금했습니다. 이는 12,400,000 유닛을 각각 0.05 달러에 판매한 결과입니다. 각 유닛은 하나의 보통주와 3년 동안 0.10 달러에 행사할 수 있는 워런트를 포함합니다. 자금은 아이다호의 South Mountain Project 및 네바다의 Trout Creek Project에서 탐사를 진행하는 데 사용되며, 일반 운영 자본에도 사용됩니다. 배정 수수료나 중개 수수료는 발생하지 않았습니다.
자산은 미국 증권법에 따른 6개월 보유 기간과 캐나다 증권법에 따른 4개월 보유 기간의 적용을 받습니다. 회사의 주요 자산은 아이다호 오와히 카운티에 위치한 아나콘다 마이닝의 역사가 있는 아연, 은, 금, 납, 구리 개발인 South Mountain 광산입니다.
Thunder Mountain Gold (OTCQB: THMG) a réussi à réaliser un placement privé non intermédié, levant 620 000 USD (868 000 CAD) par la vente de 12 400 000 unités à 0,05 USD chacune. Chaque unité comprend une action ordinaire et un bon de souscription, exerçable à 0,10 USD pendant trois ans. Le financement sera utilisé pour faire avancer l'exploration du South Mountain Project dans l'Idaho et du Trout Creek Project dans le Nevada, ainsi que pour le fonds de roulement général. Aucune commission de placement ou de courtage n'a été engagée.
Les titres sont soumis à une période de blocage de six mois en vertu de la Loi sur les valeurs mobilières des États-Unis et à une période de blocage de quatre mois en vertu des lois sur les valeurs mobilières canadiennes. L'actif principal de la société est la mine South Mountain, un ancien développement historique d'Anaconda Mining d zinc, d'argent, d'or, de plomb et de cuivre dans le comté d'Owyhee, dans l'Idaho.
Thunder Mountain Gold (OTCQB: THMG) hat erfolgreich eine nicht vermittelte Privatplatzierung abgeschlossen und 620.000 US-Dollar (868.000 CAD) durch den Verkauf von 12.400.000 Einheiten zu je 0,05 US-Dollar gesammelt. Jede Einheit umfasst eine Stammaktie und eine Wandelanleihe, die für drei Jahre zu 0,10 US-Dollar ausgeübt werden kann. Die Mittel werden verwendet, um die Erkundung des South Mountain Project in Idaho und des Trout Creek Project in Nevada voranzutreiben, sowie für das allgemeine Betriebskapital. Es wurden keine Platzierungs- oder Maklergebühren erhoben.
Die Wertpapiere unterliegen einer sechsmonatigen Haltedauer gemäß dem US-Wertpapiergesetz und einer viermonatigen Haltedauer gemäß dem kanadischen Wertpapierrecht. Das Hauptvermögen des Unternehmens ist die South Mountain Mine, ein historisches ehemaliges Anaconda-Mining-Entwicklung von Zink, Silber, Gold, Blei und Kupfer im Owyhee County, Idaho.
- Successful fundraising of US$620,000 without incurring broker fees
- Warrants provide potential additional funding at US$0.10 per share
- Strong investor support indicating confidence in project potential
- Dilution of existing shareholders through issuance of 12.4 million new shares
- Warrant exercise price at US$0.10 represents potential future dilution
Funding to Drive Key Developments at South Mountain Mine and Strengthen Project Value
Boise, Idaho--(Newsfile Corp. - December 16, 2024) - Thunder Mountain Gold, Inc. (OTCQB: THMG) (TSXV: THM) (the "Company") announces the successful completion of a non-brokered private placement, raising US
Each unit consists of one common share and one warrant, exercisable at US
The Company plans to use the proceeds from the private placement to fund exploration in the South Mountain Project in Idaho and Trout Creek Project in Nevada, and for general working capital. The proceeds will advance the South Mountain Project, the Company's flagship asset, funding ongoing development activities and administrative costs to enhance the project's value.
"We are very pleased with the strong support from our investors, which underscores confidence in the potential of our South Mountain Project," said Eric T. Jones, President and CEO of Thunder Mountain Gold, Inc. "This funding will provide the resources necessary to move forward with critical development initiatives and continue adding value for our shareholders."
Terms of the Offering:
- Total Raised: US
$620,000 ($868,000) - Unit Price: US
$0.05 (CAD$0.07) - Includes:
- 1 common share
- 1 warrant (exercise price: US
$0.10 , valid for three years)
The securities offered in this private placement are subject to applicable exemptions under U.S. and Canadian securities laws and cannot be offered or sold in the United States absent registration or an applicable exemption from registration requirements. The shares, the warrants and any shares issued pursuant to exercise of the warrants are "restricted securities" under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), and subject to a six month hold period prior to being eligible for resale under the U.S. Securities Act. In addition, the shares, the warrants and any shares issued pursuant to exercise of the warrants are subject to a four-month hold period under Canadian securities laws.
This press release does not constitute an offer to sell or a solicitation of an offer to buy these securities in any jurisdiction where such offer, solicitation, or sale would be unlawful. This private placement was previously announced on November 28, 2024.
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
OTHER COMPANY NEWS:
The Company held its annual shareholder meeting on December 10, 2024. The results of this meeting were filed on EDGAR and with SEDAR. Readers can view them there.
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. The forward-looking statements in this press release include statements with respect to the terms and use of proceeds of the Private Placement, the ability of the Company to complete the Private Placement and the impact of the Private Placement on the Company. 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, including the assumption that the Private Placement will be completed. 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. Such factors include the risk of completion of the Private Placement and uncertainties affecting the expected use of proceeds. 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
(208) 658-1037
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/233954
FAQ
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