Thunder Mountain Gold corrects private placement details

Thunder Mountain Gold Inc. (TSXV: THM) (OTCQB: THMG) issued a correction regarding its private placement financing announced earlier, clarifying that the offering consists of up to 10 million units rather than the previously stated 1 million units.

The private placement will offer up to 10 million units at US$0.25 (CAD$0.35) per unit for gross proceeds of up to US$2.5 million (CAD$3.5 million). The company stated that while the original announcement incorrectly referenced 1 million units, the aggregate offering proceeds were correctly stated.

Each unit consists of one common share and one-half common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share at US$0.40 (CAD$0.55) for 24 months from the issuance date.

The company plans to use proceeds for exploration activities and general working capital. Thunder Mountain Gold has received conditional approval from the TSX Venture Exchange for the private placement, with closing subject to satisfying exchange requirements.

The offering will be made to accredited investors only under exemptions from prospectus and registration requirements. Securities will not be registered under the U.S. Securities Act of 1933 and will be subject to a four-month hold period under TSX Venture Exchange policies and Canadian securities legislation.

Thunder Mountain Gold, founded in 1935, owns interests in base and precious metals projects in the western United States. The company's principal asset is The South Mountain Mine in Owyhee County, Idaho, a former Anaconda Mining development containing zinc, silver, gold, lead and copper.

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