Published on 9/16/2010 in the Prospect News PIPE Daily.
Thunder Mountain Gold sells C$291,654 of units via private placement
Company now intends to raise C$1.24 million in non-brokered offering
By Devika Patel
Knoxville, Tenn., Sept. 16 - Thunder Mountain Gold, Inc. settled an initial C$291,654 tranche of a non-brokered private placement of units on Sept. 14, according to an 8-K filed Thursday with the Securities and Exchange Commission. The deal priced for C$1.2 million on July 13, but the company said it now plans to raise C$1.24 million.
The company is now selling 6,208,271 units at C$0.20 per unit. It sold 1,458,271 units in the first tranche. Each unit consists of one common share and one warrant. The two-year warrants are exercisable at C$0.20 in the first year and at C$0.35 thereafter.
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: | C$1,241,654
|
Units: | 6,208,271
|
Price: | C$0.20
|
Warrants: | One warrant per unit
|
Warrant expiration: | Two years
|
Warrant strike price: | C$0.20 in the first year, C$0.35 thereafter
|
Agent: | Non-brokered
|
Pricing date: | July 13
|
Upsized: | Sept. 16
|
Settlement date: | Sept. 14 (for C$291,654)
|
Stock symbol: | OTCBB: THMG
|
Stock price: | $0.30 at close July 13
|
Market capitalization: | $5.35 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.