Thunder Gold Corp. announced a non-brokered private placement of up to 18,333,333 flow-through units at a price of CAD 0.06 per unit, for gross proceeds of CAD 1,100,000 on December 19, 2022. Each unit consists of one common share of the company and one-half of a common share purchase warrant, each full Warrant being exercisable for an additional common share of the company, each of which will not qualify as a flow-through share, at an exercise price of CAD 0.12 for 24 months from the date of issue.

The transaction is expected to close on or before December 31, 2022. All securities issued will be subject to a four-month and a day hold period. The transaction is subject to approval by the TSX Venture Exchange.