Business
Thunder Gold Upsizes Non-Brokered Private Placement of Flow-Through & Non-Flow-Through Units to CDN$1.6 Million
Thunder Bay, Ontario--(Newsfile Corp. - June 25, 2025) - Thunder Gold Corp (TSXV: TGOL) (FSE: Z25) (OTCQB: TGOLF) (formerly White Metal Resources Corp) ("Thunder Gold" or the "Company") is pleased to announce an upsize of its previously announced non-brokered private placement of flow-through units and non-flow-through units from gross proceeds of CDN$1,000,000 to gross proceeds of CDN$1,600,000 (the "Private Placement"). Proceeds of the Private Placement will be used to fund the exploration dri
About this update from Thunder Gold Corp.
[{"type":"text","content":"Thunder Bay, Ontario--(Newsfile Corp. - June 25, 2025) - Thunder Gold Corp (TSXV: TGOL) (FSE: Z25) (OTCQB: TGOLF) (formerly White Metal Resources Corp) ("Thunder Gold" or the "Company") is pleased to announce an upsize of its previously announced non-brokered private placement of flow-through units and non-flow-through units from gross proceeds of CDN$1,000,000 to gross proceeds of CDN$1,600,000 (the "Private Placement"). Proceeds of the Private Placement will be used to fund the exploration drill program 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")). Drilling is underway at the Company's 100%-owned, 2,500 hectare, Tower Mountain Gold Property. Tower Mountain is located in the Shebandowan Greenstone Belt, 50 kilometres west of the port city of Thunder Bay, Ontario.","length":961,"tagName":"p"},{"type":"text","content":"The Private Placement will consist of up to 12,857,143 flow-through units ("FT Units") at a price of CDN$0.07 per FT Unit; and up to 11,666,667 hard dollar units ("non-FT Units") at a price of CDN$0.06 per non-FT Unit, for aggregate gross proceeds of up to approximately CDN$1,600,000.","length":305,"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 CDN$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 CDN$0.20 or more.","length":808,"tagName":"p"},{"type":"text","content":"Each non-FT Unit will consist of one common share and one full Warrant at an exercise price of CDN$0.10 for 18 months from the d...