Thunder Gold Corp. (TGOLF: OTCQB) | Thunder Gold Closes $1,250,000 Over-Subscribed Non-Brokered Private Placement
Thunder Gold Corp. (TSXV: TGOL) (FSE: Z25) (OTCQB: TGOLF) has announced the closing of its over-subscribed non-brokered private placement. Key points include:
- Raised $1,250,000 by issuing 20,833,333 Units at $0.06 per Unit.
- Each Unit consists of one common share and half of one warrant.
- Warrants are exercisable at $0.10 per share for 18 months.
- Paid $62,500 in finder’s fees and issued 1,041,667 finder warrants.
- Proceeds will be used for working capital and advancing the Tower Mountain Gold Property.
- The Board approved granting 3,750,000 options to Directors and Management.
- Securities are subject to a four-month hold period.
The company plans to use the funds primarily for general working capital and to develop its 100% owned Tower Mountain Gold Property in Ontario.
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