Thunder Bay, Ontario–(Newsfile Corp. – September 3, 2024) – 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 the first tranche of the non-brokered private placement previously announced on August 14, 2024 (the “Financing”). The Company has issued 22,116,667 Units at a price of $0.03 per Unit for aggregate gross proceeds of approximately $663,500 in connection with the first tranche of the Financing.
Each Unit consists of one common share of the Company and one common share purchase warrant (the “Warrant”), entitling the holder to purchase one additional common share of the Company at a price of $0.10 per share for a period of 36 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.
All securities issued in connection with the Financing, including the Finder’s Warrants, are subject to the statutory hold period of four months plus a day from the date of issuance, in accordance with applicable securities legislation and the policies of the TSXV. The Financing is subject to the final approval of the TSXV. (more…)