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Great Thunder Gold closes placement for Fenelon project

Aug 27, 2020

Great Thunder Gold has completed a previously announced non-brokered private placement of 600,000 flow-through shares at a price of $1.00 per share with no warrant, for gross proceeds of $600,000. 

Great Thunder will use the proceeds from the offering to fund exploration of its Northbound, Southern Star and other properties in the Fenelon Gold Camp of Quebec.

The Company will pay a finder's fee of 6% cash on subscription proceeds. All securities issued pursuant to this offering will have a hold period expiring four months after the closing date.

Great Thunder Gold is a junior Canadian mining exploration company focused on exploration and development along the Detour Gold trend in Quebec. The Company is one of the largest mineral claim holders next to the region's leader, Wallbridge Mining Company Limited.

Tags: Quebec / Exploration / Gold / All Articles