- Thunder Gold Corporation (TGOL) has closed the first tranche of its non-brokered private placement for gross proceeds of $1,012,000
- The company issued 16,866,667 flow-through units
- The company will pay cash finder’s fees of $76,000 and issue 1,266,6667 broker warrants
- Thunder Gold Corporation, formerly White Metal Resources, is a junior exploration company focused on gold discovery in Canada
- Thunder Gold Corp. opened trading at $0.055
Thunder Gold Corporation (TGOL) has closed the first tranche of a private placement for gross proceeds of $1,012,000.
Under the offering, the company issued 16,866,667 flow-through units. Each FT unit consisted of one flow-through common share and half of a common share purchase warrant. Each full warrant will be exercised at $0.12 for 24 months,
The FT units will entitle the holder to receive the tax benefits applicable to flow-through shares in accordance with provisions of the Income Tax Act (Canada).
Upon the approval of the TSX Venture Exchange, the company will pay cash finder’s fees of $76,000 and issue1,266,6667 broker warrants, exercisable at $0.06 for 24 months.
All securities issued in connection with the private placement will be subject to a statutory four-month hold period.
Thunder Gold Corporation, formerly White Metal Resources, is a junior exploration company focused on gold discovery in Canada.
Thunder Gold Corp. (TGOL) opened trading at $0.055.