Thunder Gold Corp. announced a private placement of 19,400,068 flow-through units at an issue price of CAD 0.06 per flow-through unit for the gross proceeds of CAD 1,164,004.08 on December 29, 2022. Each flow-through unit consisting of one common share and one-half of a common share purchase warrant.

Each full Warrant is exercisable for an additional common share of the at an exercise price of CAD 0.12 for 24 months from the date of issue. The transaction included participation from one insider for 250,000 flow-through unit at an issue price of CAD 0.06 for he gross proceeds of CAD 15,000. All securities issued pursuant to the Private Placement are subject to a four-month and a day hold period.

The company has received approval from TSX Venture Exchange. In connection with the transaction, the Company has paid finder's fees totaling CAD 81,520.24 and issued 1,358,671 broker warrants exercisable at CAD 0.06 for 2 years , as permitted by the policies of the TSX Venture Exchange.