Thunder Mountain Gold Announces Private Placement
18 Mayo 2011 - 7:46AM
PR Newswire (Canada)
VANCOUVER, British Columbia and BOISE, Idaho, May 18, 2011 /CNW/ --
NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR FOR DISSEMINATION IN
THE U.S. Thunder Mountain Gold, Inc. (Company) (TSX-V: THM; OTCQB:
THMG), a U.S.-based exploration company focused on discovering and
defining high grade, high quality precious and base metal resources
in the western U.S., today announced it has opened, subject to the
acceptance of the TSX Venture Exchange, a non-brokered private
placement totaling up to C$4,500,000. These funds will be raised by
the Company issuing up to 18,000,000 Units at a price of C$0.25 per
unit, each Unit consisting of one common share and one-half of one
common share purchase warrant. Each whole warrant will entitle the
holder to purchase one common share for a two year period following
closing at a price of C$0.40 per share at any time until the two
year anniversary of closing. Finder's fees may be payable on a
portion of the private placement, in accordance with the policies
of the TSX Venture Exchange. A substantial portion of the net
proceeds of the private placement will be used to continue the
advancement of the South Mountain Project, as well as the
initiation of Thunder Mountain's portion of the Trout Creek/Reese
River Valley Nevada Joint Exploration Agreement with Newmont. The
balance will be applied for working capital purposes. A portion of
the private placement may be offered only in the United States to
Qualified Institutional Buyers (or QIBs) as defined in Rule 144A of
the U.S. Securities Act of 1933, as amended (the Securities Act)
concurrently with the offering in Canada to Accredited Investors
pursuant to Regulation S of the Securities Act. Neither the Units,
the common shares, or the warrants comprising the Units or the
common shares issuable upon exercise of the units have been
registered under the Securities Act. Accordingly, such securities
may not be offered or sold in the United States absent registration
or an applicable exemption from such registration requirements.
This press release shall not constitute an offer to sell or a
solicitation of any offer to buy nor shall there be any sale of the
securities in any jurisdiction in which such offer, solicitation or
sale would be unlawful. ON BEHALF OF THE BOARDThunder Mountain Gold
Inc.- - - - - - - - - - - - -Jim CollordPresident and Director
Forward-Looking Statements: Statements made which are not
historical facts, such as anticipated production, exploration
results, costs or sales performance are "forward-looking
statements", and involve a number of risks and uncertainties that
could cause actual results to differ materially from those
projected, anticipated, expected or implied. These risks and
uncertainties include, but are not limited to, metals prices
volatility, volatility of metals production, exploration project
uncertainties, industrial minerals market conditions and project
development risks. Refer to the Company's periodic filings for a
more detailed discussion of factors that may impact expected future
results. Thunder Mountain Gold undertakes no obligation to publicly
update or revise any forward-looking statements. Cautionary Note to
Investors Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. The United States Securities and Exchange
Commission ("SEC") permits mining companies, in their filings with
the SEC, to disclose only those mineral deposits that a company can
economically and legally extract or produce. Sign up for Direct
News: www.thundermountaingold.com Cameron Associates, Alison
Ziegler, +1-212-554-5469, alison@cameronassoc.com, or Thunder
Mountain Gold Inc., Eric Jones, C.F.O., +1-208-658-1037,
eric@thundermountaingold.com, or Jim Collord, President and C.E.O.,
jim@thundermountaingold.com
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