Thunder Mountain Gold to raise $1 million through private placement

Company also announces plans to acquire Green River from Hess Group

By Devika Patel

Knoxville, Tenn., Dec. 9 - Thunder Mountain Gold, Inc. said it will conduct a $1 million private placement with assistance from the Hess Group. The company also plans to acquire Green River Energy Corp., a private oil and gas company in Salt Lake City, from the Hess Group.

The Hess Group also will assist with a $4 million private placement of Green River shares, which is a condition for completing the acquisition.

Both deals will be conducted with European investors. Settlement of both deals is expected Jan. 31.

Proceeds will be held in escrow pending completion of the acquisition and will be available to the company upon completing the acquisition.

Boise, Idaho-based Thunder Mountain is a gold exploration company. The company will change its name to Thunder Mountain Resources, Inc. after completing the acquisition.

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