01:18 PM EDT, 06/30/2025 (MT Newswires) -- Thunder Gold ( TGOLF ) on Monday closed an upsized and over-subscribed private-placement financing, raising C$1.6 million.

The non-brokered private placement consisted of flow-through units and non-flow-through units and was increased from an initial offering of C$1 million.

The company issued around 12.8-million flow-through units(FT Units) at a price of C$0.07 each, with each made up of a tax-advantaged share and one-half of an 18-month warrant to buy a share for $0.10, and about 11.6-million hard-dollar units (non-FT Units) at a price of C$0.06 each and made up of a share and one full warrant.

The company said that the private placement included subscriptions by insiders of the company to purchase an aggregate of 961,687 FT units.

The company's shares were last seen unchanged at $0.055 on the TSX Venture Exchange.