Thunder Gold Aims to Raise up to CA$5 Million Via Non-Brokered Private Placement

01:17 PM EST, 11/04/2026 (MT Newswires) -- Thunder Gold (TGOL.V) plans to raise gross proceeds of up to approximately CA$5 million through a non-brokered private placement financing, it said Wednesday. The company may issue up to around 38.46-million flow-through shares at CA$0.13 each, it said. The offering, expected to close on or about Nov. 13, remains subject to the approval of the TSX Venture Exchange, Thunder Gold added. "The gross proceeds from the issue and sale of the FT Shares will be used to incur exploration expenses that qualify as 'Canadian exploration expenses' as defined in subsection 66.1(6) of the Tax Act and 'flow-through mining expenditures' as defined in subsection 127(9) of the Tax Act for purposes of the mineral exploration tax credit (the 'Qualifying Expenditures') on the Company's 100%-owned Tower Mountain Gold Property, located in Ontario, Canada," said the company. The company's shares were last seen unchanged at CA$0.125 on the TSX Venture Exchange.