Thunder Mountain Gold sells C$291,654 of units via private placement

Company now intends to raise C$1.24 million in non-brokered offering

By Devika Patel

Knoxville, Tenn., Sept. 16 - Thunder Mountain Gold, Inc. settled an initial C$291,654 tranche of a non-brokered private placement of units on Sept. 14, according to an 8-K filed Thursday with the Securities and Exchange Commission. The deal priced for C$1.2 million on July 13, but the company said it now plans to raise C$1.24 million.

The company is now selling 6,208,271 units at C$0.20 per unit. It sold 1,458,271 units in the first tranche. Each unit consists of one common share and one warrant. The two-year warrants are exercisable at C$0.20 in the first year and at C$0.35 thereafter.

Elko, Nev.-based Thunder Mountain is a gold exploration company.

Issuer:	Thunder Mountain Gold, Inc.
Issue:	Units of one common share and one warrant
Amount:	C$1,241,654
Units:	6,208,271
Price:	C$0.20
Warrants:	One warrant per unit
Warrant expiration:	Two years
Warrant strike price:	C$0.20 in the first year, C$0.35 thereafter
Agent:	Non-brokered
Pricing date:	July 13
Upsized:	Sept. 16
Settlement date:	Sept. 14 (for C$291,654)
Stock symbol:	OTCBB: THMG
Stock price:	$0.30 at close July 13
Market capitalization:	$5.35 million

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