Thunder Gold Announces Closing of $2.15 Million Private Placement of Flow-Through Units

Core Viewpoint - Thunder Gold Corp. successfully closed an upsized non-brokered private placement of flow-through units, raising gross proceeds of $2,150,000 to meet demand [1][2]. Group 1: Private Placement Details - The Company issued 28,666,666 flow-through units at a price of $0.075 per unit, with each unit consisting of one common share and one-half of a warrant [2]. - Each warrant is exercisable to acquire one common share at a price of $0.10 per share for a period of 18 months from the date of issuance [2]. - Finder's fees of approximately $37,905 were paid to parties assisting with the private placement [3]. Group 2: Insider Participation and Regulatory Compliance - Insiders subscribed to purchase an aggregate of 670,000 flow-through units, constituting a related party transaction [4]. - The Company relied on exemptions from formal valuation and minority shareholder approval requirements as the transaction did not exceed 25% of the Company's market capitalization [4]. - All securities issued will be subject to a four-month hold period from the date of issuance in accordance with applicable securities legislation [4]. Group 3: Company Overview and Property Information - Thunder Gold Corp. is a junior exploration company focused on gold discovery in Canada [8]. - The Tower Mountain Gold Property, which is 100%-owned by the Company, is located approximately 40 km west of Thunder Bay, Ontario, covering 2,500 hectares [7]. - Drilling at Tower Mountain has established anomalous gold extending over 500 meters along a 1,500-meter strike length, with significant exploration potential remaining [7].