Thunder Gold Launches $1.25M Private Placement to Fund Tower Mountain Gold Project

Thunder Gold Corp has announced plans for a $1.25 million non-brokered private placement to advance exploration at its 100%-owned Tower Mountain Gold Property, located 50 km west of Thunder Bay, Ontario. The financing involves the issuance of 20,833,333 units at $0.06 per unit. Each unit includes one common share and one-half of a warrant, with each whole warrant exercisable at $0.10 for 18 months.
The funds raised will primarily support exploration at Tower Mountain, which is situated in the Shebandowan Greenstone Belt and features a large intrusive complex associated with significant gold mineralization. Drilling to date has confirmed gold-bearing zones extending over a strike length of 1.5 km and to depths exceeding 500 meters, with much of the property’s perimeter remaining underexplored.
The Tower Mountain Gold Property offers a compelling exploration opportunity with its established gold anomalies and vast potential for further discoveries.
The financing is expected to close on or around January 23, 2025, and is subject to TSX Venture Exchange approval. PowerOne Capital Markets Limited will act as a finder, with eligible finders receiving up to 5% in cash fees and finder warrants. The company also noted that directors and officers may participate in the offering, which would constitute a “related party transaction” under applicable regulations.
With year-round access and proximity to infrastructure, Tower Mountain is positioned to contribute significantly to Thunder Gold’s portfolio and the growing exploration activity in the region.
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