Thunder Mountain Gold Updates Private Placement Financing
Filing Services Canada XHTML - Fri Oct 24, 10:25AM CDT
THM.VN: 0.065 (+0.020)
Thunder Mountain Gold Updates Private Placement Financing
Filing Services Canada - Fri Oct 24, 10:25AM CDT
Thunder Mountain Gold UpdatesPrivatePlacement Financing Vancouver, British Columbia and Boise, Idaho (FSCwire) - Thunder Mountain Gold, Inc. (theCompany or Thunder Mountain) (TSX-V: THM; OTCQB: THMG) announced today that due to continued demand, the Company will increase the size of the previously approved private placement of up to 5,000,000 units for gross proceeds of up to US$250,000 (the Private Placement) to approximately US$400,000 or 8,000,000 units. The Company anticipates closing the Private Placement on or before November 24, 2014. Each Unit consists of one share of the Companys common stock (each, a Common Share) and one-half of one common share purchase warrant (each whole warrant, a Warrant). Each Warrant will entitle the holder to purchase one additional share of common stock of the Company at a price of US$0.15 for a period of 18 months from the closing of the Private. The proceeds raised pursuant to the Private Placement will be used for exploration and for general working capital. The Company has entered into a selling agreement (the Selling Agreement) with a selling agent (the Agent) to market the Units on a non-exclusive basis. Pursuant to the Selling Agreement, the Agent has agreed to sell the Units on a non-exclusive, best efforts basis, and will be entitled to compensation in the following form: (a) a cash commission equal to 10% of the price of the Units sold by the Agent; (b) an additional cash commission of 10% of gross proceeds received from the exercise of Warrants issued as part of such Units or any other equity investment made by investors introduced by the Agent within a 24-month period following closing; and (c) non-transferable broker warrants to purchase a number of additional Units equal to 5% of Units sold by the Agent in the initial offering (the Agent Warrants). The Agent Warrants will have the same exercise price and otherwise be on the same terms as the Warrants. The Agent has not committed to purchase any Units and accordingly there is no assurance that the offering will be completed. The Private Placement remains subject to the approval of the TSX Venture Exchange. The securities issued in the Private Placement will be subject to a four-month hold period in accordance with the policies of the TSX Venture Exchange and applicable Canadian securities legislation. The Private Placement will be made on a private placement basis, exempt from prospectus and registration requirements of applicable securities laws. The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the U.S. Securities Act), or any state securities laws, and accordingly, may not be offered or sold within the United States or to U.S. persons, as such term is defined in Regulation S promulgated under the U.S. Securities Act except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws, or pursuant to exemptions therefrom. The securities issued in this Private Placement will be restricted securities under the U.S. Securities Act. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor there any sale of these securities in any state or jurisdiction in which the offer, solicitation or sale would be unlawful. About Thunder Mountain Gold, Inc.: Thunder Mountain, a junior gold exploration company founded in 1935, owns interests in several U.S. precious metals projects. The Companys principal asset is The South Mountain Project Owyhee Gold Trust Joint Venture, located on private and patented land in southern Idaho, just north of the Nevada border, and their Trout Creek Project a grass roots gold target in the Eureka-Battle Mountain trend of central Nevada, currently under Joint Exploration Agreement with Newmont USA Limited. For more information on Thunder Mountain, please visit the Companys website www.Thundermountaingold.com (../../AppData/Local/Microsoft/AppData/Local/Microsoft/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/8YWC6RST/www.Thundermountaingold.com). Forward-Looking Statements This press release contains forward-looking statements that are based on the beliefs of management and reflect the Company's current expectations. The forward-looking statements in this press release include statements with respect to the terms and use of proceeds of the Private Placement, the ability of the Company to complete the Private Placement and the impact of the Private Placement on the Company. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as plans, expects, is expected, budget, scheduled, estimates, forecasts, intends, anticipates, believes or variations of such words and phrases or statements that certain actions, events or results may, could, would, might or will be taken, occur or be achieved or the negative connotation thereof. The forward-looking statements are based on certain assumptions, which could change materially in the future, including the assumption that the Private Placement will be completed. By their nature, forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include the risk of completion of the Private Placement and uncertainties affecting the expected use of proceeds. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on forward-looking information. Forward-looking information is provided as of the date of this press release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required in accordance with applicable laws. Cautionary Note to Investors Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. For further information, please contact: Thunder Mountain Gold, Inc. Eric Jones Jim Collord President and Chief Executive Officer Chief Operating Officer eric@thundermountaingold.com jim@thundermountaingold.com Tel: (208) 658-1037 Tel: (208) 658-1037 To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...242014.pdf Source: Thunder Mountain Gold Inc. (TSX Venture:THM, OTCQB:THMG) http://www.thundermountaingold.com/s/Home.asp Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2014 Filing Services Canada Inc.
THM.VN: 0.065 (+0.020)
Thunder Mountain Gold Announces Director Resignation
Filing Services Canada XHTML - Mon Sep 08, 10:04AM CDT
THM.VN: 0.065 (+0.020), NEM: 19.15 (+0.91)
Thunder Mountain Gold Updates Progress at theTrout Creek Project, Lander County, Nevada
Business Wire - Thu Aug 22, 9:09AM CDT
Thunder Mountain Gold, Inc. (TSX-V:THM) (OTCQB:THMG) (the Company), is pleased to announce that it has satisfied the first phase work commitment on its strategic agreement with Newmont USA Limited on its Trout Creek Project. The geological and geophysical work completed during the past two years advanced the Company's Project in Lander County, Nevada. This first phase included the expenditure of a required minimum $150,000 directly on exploration of the target area.
THM.VN: 0.065 (+0.020)
Thunder Mountain Gold Updates Progress at South Mountain Mine
Business Wire - Tue Aug 06, 9:29AM CDT
Thunder Mountain Gold, Inc. (TSX-V: THM; OTCQB: THMG) (the Company), is pleased to provide an update for its South Mountain Project Joint Venture called Owyhee Gold Trust, in Owyhee County, Idaho.
THM.VN: 0.065 (+0.020)
Thunder Mountain Gold Provides a Project Update at Their South Mountain Mine Joint Venture
Filing Services Canada - Thu Apr 25, 11:42AM CDT
Thunder Mountain Gold, Inc. (THM - TSX Venture, THMG - OTCQB),(the Company), is pleased to provide an update for its South Mountain Project Joint Venture in Owyhee County, Idaho.
THM.VN: 0.065 (+0.020)
Thunder Mountain Gold Appoints Two New Board Members
Business Wire - Fri Jan 18, 8:00AM CST
Effective January 8, 2013, Thunder Mountain Gold Inc. (TSX-V: THM; OTCQB: THMG) (the Company) has appointed Gary Babbitt and Larry Kornze to the Company's Board. Both new members bring a wealth of experience and knowledge to the Company.
THM.VN: 0.065 (+0.020)