THUNDER MOUNTAIN GOLD INC (THMG): Unregistered Sales of Equity Securities
THUNDER MOUNTAIN GOLD INC (THMG) filed an SEC Form 8-K — Unregistered Sales of Equity Securities.
THUNDER MOUNTAIN GOLD INC
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See all $THMG insider activity →THUNDER MOUNTAIN GOLD INC (THMG) filed an SEC Form 8-K — Unregistered Sales of Equity Securities.
Thunder Mountain Gold, Inc. (TSXV: THM, OTCQB: THMG) said its board approved a non-brokered private placement to raise up to about US$6.4 million by issuing up to 9,143,000 units at US$0.70 per unit. Each unit includes a common share and half a warrant exercisable at US$1.00 for 24 months. Proceeds will fund work on the South Mountain Project, subject to TSX Venture Exchange approval.
Thunder Mountain Gold, Inc. (TSXV: THM, OTCQB: THMG) said its board approved issuing up to 1,578,036 common shares at US$0.70 (CAD$1.00) to settle US$1,104,625 of outstanding compensation and service-provider debt. Of this, 670,714 shares go to its CEO for US$469,500. TSX Venture Exchange approval is pending.
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The filing indicates a private placement that could dilute existing shareholders, but no amount or pricing details are disclosed.
Dilutive equity financing with warrants to fund South Mountain Project drilling and surveys, likely pressuring near-term valuation while extending runway.
Dilutive share issuance tied to debt settlement, with TSX Venture Exchange approval and a 4-month hold period.
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THUNDER MOUNTAIN GOLD INC (THMG) filed an SEC Form 8-K — Unregistered Sales of Equity Securities.
1 min readThunder Mountain Gold, Inc. (TSXV: THM, OTCQB: THMG) said its board approved a non-brokered private placement to raise up to about US$6.4 million by issuing up to 9,143,000 units at US$0.70 per unit. Each unit includes a common share and half a warrant exercisable at US$1.00 for 24 months. Proceeds will fund work on the South Mountain Project, subject to TSX Venture Exchange approval.
4 min readThunder Mountain Gold, Inc. (TSXV: THM, OTCQB: THMG) said its board approved issuing up to 1,578,036 common shares at US$0.70 (CAD$1.00) to settle US$1,104,625 of outstanding compensation and service-provider debt. Of this, 670,714 shares go to its CEO for US$469,500. TSX Venture Exchange approval is pending.
4 min read