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Thunder Gold Announces $1 Million Non-Brokered Private Placement of Flow-Through Units & Non-Flow-Through Units
Thunder Bay, Ontario--(Newsfile Corp. - June 4, 2025) - Thunder Gold Corp (TSXV: TGOL) (FSE: Z25) (OTCQB: TGOLF) (formerly White Metal Resources Corp) ("Thunder Gold" or the "Company") is pleased to announce a non-brokered private placement of flow-through units and non-flow-through units for gross proceeds of up to approximately C$1,000,000 (the "Private Placement"). Proceeds of the Private Placement shall be used to fund the current exploration program at the Company's 100%-owned, 2,500 hectar
About this update from Thunder Gold Corp.
[{"type":"text","content":"Thunder Bay, Ontario--(Newsfile Corp. - June 4, 2025) - Thunder Gold Corp (TSXV: TGOL) (FSE: Z25) (OTCQB: TGOLF) (formerly White Metal Resources Corp) ("Thunder Gold" or the "Company") is pleased to announce a non-brokered private placement of flow-through units and non-flow-through units for gross proceeds of up to approximately C$1,000,000 (the "Private Placement"). Proceeds of the Private Placement shall be used to fund the current exploration program at the Company's 100%-owned, 2,500 hectare, Tower Mountain Gold Property, located in the Shebandowan Greenstone Belt, 50 kilometres west of the port city of Thunder Bay, Ontario and other "Canadian exploration expenses" that qualify as "flow-through mining expenditures" (as such terms are defined in the Income Tax Act (Canada) (the "Tax Act")).","length":874,"tagName":"p"},{"type":"text","content":"The Private Placement will consist of: (i) up to 7,142,857 flow-through units ("FT Units") at a price of $0.07 per FT Unit; and (ii) up to 8,333,333 hard dollar units ("non-FT Units") at a price of $0.06 per non-FT Unit, in any combination and for aggregate gross proceeds of up to approximately C$1,000,000.","length":328,"tagName":"p"},{"type":"text","content":"Each FT Unit consists of one common share of the Company and one-half (1/2) of one common share purchase warrant (each whole warrant, a "Warrant"), each of which will qualify as a "flow-through share" as defined in subsection 66(15) of the Tax Act. Each Warrant being exercisable for an additional common share of the Company (each of which will not qualify as a "flow-through share" under the Tax Act) at an exercise price of $0.10 for 18 months from the date of issue. Each Warrant shall be subject to an accelerated expiry date at the option of the Company in the event the twenty (20) day volume-weighted average price of the common shares of the Company on the TSX Venture Exchange (the "TSXV") for any twenty (20) consecutive trading days is $0.20 or more.","length":802,"tagName":"p"},{"type":"text","content":"Each non-FT Unit will consist of one common share and one full Warrant at an exercise price of $0.10 for 18 months from the date of issue. Each Warrant shall be subject to an accelerated expiry date...