Business
Thunder Gold Announces Closing of $2.15 Million Private Placement of Flow-Through Units
Thunder Bay, Ontario--(Newsfile Corp. - December 22, 2025) - Thunder Gold Corp. (TSXV: TGOL) (FSE: Z25) (OTCQB: TGOLF) ("Thunder Gold" or the "Company") is...
About this update from Thunder Gold Corp.
[{"type":"text","content":"Thunder Bay, Ontario--(Newsfile Corp. - December 22, 2025) - Thunder Gold Corp. (TSXV: TGOL) (FSE: Z25) (OTCQB: TGOLF) ("Thunder Gold" or the "Company") is pleased to announce that on December 19, 2025, it closed its previously announced upsized non-brokered private placement of flow-through units ("FT Units"). The Company increased the initial offering of $2,000,000 to gross proceeds of $2,150,000 (the "Private Placement") to accommodate the demand.","length":494,"tagName":"p"},{"type":"text","content":"Pursuant to the Private Placement, the Company issued 28,666,666 FT Units at a price of $0.075 per FT Unit, with each FT Unit consisting of one common share and one-half of one warrant (each whole warrant, a "Warrant"), each of which qualifies as a "flow-through share" as defined in subsection 66(15) of the Income Tax Act (Canada). Each Warrant issued under the Private Placement is exercisable to acquire one common share at a price of $0.10 per share for a period of 18 months from the date of issuance.","length":527,"tagName":"p"},{"type":"text","content":"In connection with the closing of the Private Placement, the Company paid finder's fees of approximately $37,905 to certain parties who assisted the Company with the Private Placement. Wildeboer Dellelce LLP acted as legal counsel to the Company.","length":250,"tagName":"p"},{"type":"text","content":"The Private Placement included subscriptions by insiders of the Company to purchase an aggregate of 670,000 FT 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 Private Placement 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 25% of the Company's market capitalization (as determined under MI 61-101). All securities issued pursuant to the Private Placement will be subj...