Thunder Mountain Gold Initiates Private Offering
17 2월 2007 - 7:33AM
PR Newswire (US)
ELKO, Nev., Feb. 16 /PRNewswire-FirstCall/ -- Thunder Mountain Gold
(OTC:THMG) (BULLETIN BOARD: THMG) -- Thunder Mountain Gold, Inc.
has initiated a private offering of common stock to purchase, in
the aggregate of 2,500,000 shares of common stock of Thunder
Mountain Gold, Inc., par value $0.05, at a price of $0.05 per
share. The offering will be limited to Directors, Management, and
key consultants for the Company. The Company obtained a fairness
opinion in connection with the proposed offering. All shares
purchased will be restricted for the earlier of 3 years or on the
occurrence of certain other events. All investors will be required
to sign a Restricted Stock Purchase Agreement. Thunder Mountain is
filing a Form 8-K pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934 with regard to this private offering. The net
proceeds from the private placement will be allocated to ongoing
exploration initiatives and project acquisitions in Idaho and the
western United States. About Thunder Mountain Gold Thunder Mountain
Gold is an exploration company focused on the generation of
precious and base metal projects in the Western United States,
Mexico, and Alaska. Thunder Mountain performs its own natural
resource exploration and generates value for shareholders by
aggressively developing high-grade, high-quality precious and base
metal resources in politically stable mining regions. This release
has been reviewed and approved by Company Vice President Pete
Parsley (M.Sc. and Registered Professional Geologist), and
"qualified person" as that term is defined in National Instrument
43-101. ON BEHALF OF THE BOARD Jim Collord President and Chairman
of the Board Investor Relations: Jim Collord e-mail: Website:
http://www.thundermountaingold.com/ Forward-Looking Statements:
Statements in this release that are forward-looking statements are
subject to various risks and uncertainties concerning the specific
factors disclosed and elsewhere in the company's periodic filings
with United States securities regulators. Such information
contained herein represents management's best judgment as of the
date hereof based on information currently available. The company
does not assume the obligation to update any forward-looking
statement. DATASOURCE: Thunder Mountain Gold, Inc. CONTACT: Thunder
Mountain Gold, Inc., +1-775-738-9826, or fax, +1-775-738-3582 Web
site: http://www.thundermountaingold.com/
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