Thunder Mountain Gold approves shares-for-debt and up to $6.4M private placement

Thunder Mountain Gold approved issuance of 1,578,036 shares to settle $1.1046M of debt and launched a non‑brokered private placement to raise up to approximately $6.4M.

Key Highlights:

• Board approved issuance of up to 1,578,036 common shares at US$0.70 to settle US$1,104,625 of outstanding compensation.
• Insider to receive 670,714 shares for US$469,500; treated as related‑party transaction relying on MI 61‑101 exemptions.
• Announced non‑brokered private placement of up to 9,143,000 units at US$0.70 to raise ~US$6.4M (one unit = 1 share + 0.5 warrant).
• Each warrant exercisable at US$1.00 for 24 months; proceeds earmarked to advance the South Mountain Project (drilling, assays, geophysics, admin).
• Both transactions subject to TSX Venture Exchange approval; securities will be restricted and bear U.S. restrictive legends.

Original SEC Filing:

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