By Devika Patel
Knoxville, Tenn., July 23 - Thunder Mountain Gold, Inc. negotiated a $1.2 million non-brokered private placement of units on July 13, according to an 8-K filed Friday with the Securities and Exchange Commission.
The company will sell 6 million units at $0.20 per unit. Each unit consists of one common share and one warrant. The two-year warrants are exercisable at $0.20 in the first year and at $0.35 thereafter.
Settlement is expected on Aug. 6.
Elko, Nev.-based Thunder Mountain is a gold exploration company.
| Issuer: | Thunder Mountain Gold, Inc.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | $1.2 million
|
| Units: | 6 million
|
| Price: | $0.20
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | $0.20 in the first year, $0.35 thereafter
|
| Agent: | Non-brokered
|
| Pricing date: | July 13
|
| Settlement date: | Aug. 6
|
| Stock symbol: | OTCBB: THMG
|
| Stock price: | $0.30 at close July 13
|
| Market capitalization: | $4.94 million
|
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