Source: Thunder Gold Corp.
  • Thunder Gold Corp. (TGOL) has closed its non-brokered private placement for gross proceeds of C$1,164,004.08
  • Thunder Gold issued 19,400,068 flow-through units at a price of $0.06 per FT unit
  • Thunder Gold Corp. (formerly White Metal Resources) is a junior exploration company focused on gold discovery in Canada
  • Thunder Gold Corp. opened trading at $0.045

Thunder Gold Corp. (TGOL) has closed its non-brokered private placement for gross proceeds of C$1,164,004.08.

Thunder Gold issued 19,400,068 flow-through units at a price of $0.06 per FT unit. Each FT unit consists of one common share and one-half of a common share purchase warrant. Each whole warrant is exercisable for a non-flow-through common share at $0.12 for 24 months from the date of issue.

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).

All securities issued are subject to a statutory four-month hold period.

The Tower Mountain Gold Property is located 5 km off the Trans-Canada highway, 50 km west of Thunder Bay, Ontario and consists of unpatented and patented lands totalling 1,968 ha. Exploration to date suggests the property offers a large gold endowment.

Gold mineralization is widespread, and drilling to date has identified low-grade gold mineralization extending outward for at least 500 metres from a central alkalic intrusion known as the Tower Mountain Intrusive Complex.

Thunder Gold Corp. (formerly White Metal Resources) is a junior exploration company focused on gold discovery in Canada.

Thunder Gold Corp. opened trading at $0.045.


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