- 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.
