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White Metal Resources ( (TSE:TGOL) ) has issued an update.
Thunder Gold Corp announced the successful closure of a $1,250,000 non-brokered private placement, issuing 20,833,333 units at $0.06 each. The proceeds will mainly serve general working capital purposes and advance the Tower Mountain Gold Property. The offering included finder’s fees and warrants, and is pending TSXV approval. The issued securities are subject to a statutory hold period and are not registered under the U.S. Securities Act, restricting their sale in the United States.
More about White Metal Resources
Thunder Gold Corp, formerly White Metal Resources Corp, operates in the precious metals industry and is focused on gold exploration. The company primarily owns and advances the Tower Mountain Gold Property in the Shebandowan Greenstone Belt, located near Thunder Bay, Ontario.
YTD Price Performance: 100%
Average Trading Volume: 346,511
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$16.53M
See more insights into TGOL stock on TipRanks’ Stock Analysis page.
