Business
Thunder Gold Announces Closing of CDN$1.6 Million Non-Brokered Private Placement of Flow-Through & Non-Flow-Through Units
Thunder Bay, Ontario--(Newsfile Corp. - June 30, 2025) - 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 on its financing, which was both upsized and over-subscribed. The non-brokered private placement consisted of flow-through units and non-flow-through units. The Company increased the initial offering of CDN$1,000,000 to gross proceeds of CDN$1,600,000 (the "Private Placement")
About this update from Thunder Gold Corp.
[{"type":"text","content":"Thunder Bay, Ontario--(Newsfile Corp. - June 30, 2025) - 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 on its financing, which was both upsized and over-subscribed. The non-brokered private placement consisted of flow-through units and non-flow-through units. The Company increased the initial offering of CDN$1,000,000 to gross proceeds of CDN$1,600,000 (the "Private Placement") to accommodate the demand.","length":562,"tagName":"p"},{"type":"text","content":"Wes Hanson, President and CEO, stated, "We are very pleased with the support we received on this financing. Proceeds from the financing shall be used to expand the 2024 soil geochemistry grid along the interpreted trace of the northeast trending Thunder Lake Fault. Surface mapping has identified Timiskaming conglomerates, with elevated gold values, coincident with the fault but surface work to date is limited. We shall also complete infill soil geochemistry on prioritized gold-in-soil anomalies identified in 2024 to better define potential drill targets. The planned infill soil geochemistry includes the strong, multi-sample anomaly 500 metres southeast of the P-Target, along the interpreted plunge direction of the high-grade results identified at surface. Surface prospecting, outcrop stripping and channel sampling shall evaluate the most favourable soil geochemical anomalies in advance of a 2,000 to 3,000 metre Phase 3 drill program scheduled for mid to late September."","length":994,"tagName":"p"},{"type":"text","content":"Pursuant to the Private Placement, the Company issued 12,857,143 flow-through units ("FT Units") at a price of CDN$0.07 per FT Unit, with each FT Unit consisting of one common share and one-half of one warrant, each of which qualifies as a "flow-through share" as defined in subsection 66(15) of the Income Tax Act (Canada), and 11,666,667 hard dollar units ("non-FT Units") at a price of CDN$0.06 per non-FT Unit, with each non-FT Unit consisting of one common share and one full warrant, for aggregate gross proceeds of CDN$1,600,000.00. Each warrant issued under the Private Placement are exercisable to acquire one common share at a price of CDN$0.10 per share for a p...