THUNDERSTRUCK ANNOUNCES PRIVATE PLACEMENT
July 24, 2017 – Vancouver, British Columbia – Thunderstruck Resources Ltd. (“Thunderstruck”; TSX-V: AWE) has arranged a non-brokered private placement to raise up to $750,000 through the sale of up to 9,375,000 units at a price of $0.08 per unit (the “Financing”).
Each unit will comprise one common share and one share purchase warrant. Each whole warrant will entitle the holder to purchase a further common share at a price of $0.15 per share for a period of 36 months from closing. The warrants will be subject to accelerated exercise provisions such that if the closing price of Thunderstruck’s common shares exceeds $0.25 per share for a period of 20 consecutive trading days, Thunderstruck may give notice of the acceleration of the warrants’ term to a period of 30 days following such notice.
The net proceeds of the Financing will be used for the Company’s Q3/Q4 exploration program on it’s Fijian zinc, copper and gold assets (see PR July 11, 2017).
About Thunderstruck Resources
Thunderstruck Resources is a Canadian mining exploration company with highly prospective VMS and precious metals projects in Fiji. The Company provides investors with exposure to a diverse portfolio of assets rich in copper, zinc, silver and gold in a politically safe and stable jurisdiction. Thunderstruck trades on the Toronto Venture Exchange (TSX-V) under the symbol “AWE”.
For additional information, please contact:
Bryce Bradley, President, Chief Executive Officer and Director
Telephone: (604) 349-8119
Or visit our website: http://www.thunderstruck.ca