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Thunderstruck Resources Ltd (2)
Symbol	AWE
Shares Issued	25,402,562
Close 2023-07-07	C$ 0.145
Market Cap	C$ 3,683,371
Recent Sedar Documents

Thunderstruck closes $80,499 first tranche of financing

2023-07-07 19:45 ET - News Release

Subject: Thunderstruck Resources Ltd. (AWE.V) PDF Document File: Attachment AWE-NR-07-07-23-PPClose.pdf TSXV: AWE OTC: THURF Thunderstruck Closes Initial Tranche of Financing July 7, 2023 Vancouver, British Columbia Thunderstruck Resources Ltd. (The "Company") announces, further to its press release dated July 6, 2023, it has closed an initial tranche of its previously announced non-brokered private placement (the "Placement"). Gross proceeds of $80,499.90 were raised through the sale of 536,666 units at a price of $0.15 per unit (each a "Unit"). Each Unit comprised one common share and one share purchase warrant. Each whole warrant entitles the holder to purchase a further common share at a price of $0.20 per share until July 7, 2026. The warrants are subject to accelerated exercise provisions such that if the closing price of the Company's common shares exceeds $0.30 per share for a period of 10 consecutive trading days, the Company may give notice of the acceleration of the warrants' term to a period of 30 days following such notice. Finder's fees of $1,417.50 and 9,450 finder's warrants, issuable on the same terms as the unit warrants, were paid in connection with the initial tranche of the Placement. All securities issued in the first tranche are subject to a hold period in Canada expiring on November 8, 2023. Additional restrictions may apply pursuant to Rule 144 of the Securities Act of 1933, as amended, to U.S. investors. Proceeds of the Placement will be applied to the Company's current liabilities. The Placement is subject to regulatory approval, including the approval of the TSX Venture Exchange Insiders participated in the Placement acquiring an aggregate of 201,666 units on the same basis as other subscribers. The participation in the Placement by insiders of the Company constitutes a "related party transaction" as such term is defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on exemptions from the formal valuation and minority approval requirements under MI 61-101. The Company relied on Section 5.5(a) of MI 61-101 for an exemption from the formal valuation requirement and Section 5.7(1)(a) of MI 61-101 for an exemption from the minority shareholder approval requirement of MI 61-101 as the fair market value of the Placement in so far as the Placement involved interested parties did not exceed 25% of the Company's market capitalization. THUNDERSTRUCK RESOURCES LTD. www.thunderstruck.ca TSX-V: AWE OTC: THURF The Company will provide additional updates on the remaining tranches of the Placement in due course. About Thunderstruck Resources Thunderstruck Resources is a Canadian mineral exploration company focused on the discovery of high value gold-silver epithermal and copper-gold porphyry deposits on the main island of Viti Levu in Fiji. Fiji has a long history of mining with over 75 years of activity at the prolific Vatukoula Gold Mine alongside several advanced development projects including Tuvatu (Lion One LIO:TSX.V), Indicated Resources of 1.00 Mt @ 8.48 g/t Au (274,600 oz), Inferred Resources of 1.33 Mt @ 9.0 g/t Au (384,000 oz) (Tuvatu-PEA-Update-NI-43-101) and Namosi (Newcrest Mining NCM:ASX), Proven, Measured and Indicated Resources of 1.8Bt at 0.35% Cu and 0.11 g/t Au (6.4M oz Au and 6.3Mt Cu) (Newcrest Annual Mineral Resources Update, June 2022). The Company provides investors with exposure to a diverse portfolio of exploration stage projects with potential for zinc, copper, gold and silver in a politically safe and stable jurisdiction. Thunderstruck trades on the Toronto Venture Exchange (TSX-V) under the symbol "AWE" and United States OTC under the symbol "THURF." For additional information, please contact: Bryce Bradley, Chief Executive Officer Email: bryce@thunderstruck.ca or, visit our website: http://www.thunderstruck.ca Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains certain statements that may be deemed "forward-looking statements". Although Thunderstruck believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Thunderstruck's management on the date the statements are made. Except as required by law, Thunderstruck undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. THUNDERSTRUCK RESOURCES LTD. www.thunderstruck.ca TSXV: AWE; OTC: THURF Word Document File: '\\swfile\EmailIn\20230707 162808 Attachment AWE-NR-07-07-23-PP close 1st tranche - BD.docx' [Type text][Type text][Type text] Thunderstruck Resources Ltd. www.thunderstruck.ca TSXV: AWE; OTC: THURF TSXV: AWE OTC: THURF w Thunderstruck Resources Ltd. www.thunderstruck.ca TSX-V: AWE OTC: THURF Thunderstruck Closes Initial Tranche of Financing July 7, 2023 - Vancouver, British Columbia - Thunderstruck Resources Ltd. (The "Company") announces, further to its press release dated July 6, 2023, it has closed an initial tranche of its previously announced non-brokered private placement (the "Placement"). Gross proceeds of $80,499.90 were raised through the sale of 536,666 units at a price of $0.15 per unit (each a "Unit"). Each Unit comprised one common share and one share purchase warrant. Each whole warrant entitles the holder to purchase a further common share at a price of $0.20 per share until July 7, 2026. The warrants are subject to accelerated exercise provisions such that if the closing price of the Company's common shares exceeds $0.30 per share for a period of 10 consecutive trading days, the Company may give notice of the acceleration of the warrants' term to a period of 30 days following such notice. Finder's fees of $1,417.50 and 9,450 finder's warrants, issuable on the same terms as the unit warrants, were paid in connection with the initial tranche of the Placement. All securities issued in the first tranche are subject to a hold period in Canada expiring on November 8, 2023. Additional restrictions may apply pursuant to Rule 144 of the Securities Act of 1933, as amended, to U.S. investors. Proceeds of the Placement will be applied to the Company's current liabilities. The Placement is subject to regulatory approval, including the approval of the TSX Venture Exchange Insiders participated in the Placement acquiring an aggregate of 201,666 units on the same basis as other subscribers. The participation in the Placement by insiders of the Company constitutes a "related party transaction" as such term is defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on exemptions from the formal valuation and minority approval requirements under MI 61-101. The Company relied on Section 5.5(a) of MI 61-101 for an exemption from the formal valuation requirement and Section 5.7(1)(a) of MI 61-101 for an exemption from the minority shareholder approval requirement of MI 61-101 as the fair market value of the Placement in so far as the Placement involved interested parties did not exceed 25% of the Company's market capitalization. The Company will provide additional updates on the remaining tranches of the Placement in due course. About Thunderstruck Resources Thunderstruck Resources is a Canadian mineral exploration company focused on the discovery of high value gold-silver epithermal and copper-gold porphyry deposits on the main island of Viti Levu in Fiji. Fiji has a long history of mining with over 75 years of activity at the prolific Vatukoula Gold Mine alongside several advanced development projects including Tuvatu (Lion One LIO:TSX.V), Indicated Resources of 1.00 Mt @ 8.48 g/t Au (274,600 oz), Inferred Resources of 1.33 Mt @ 9.0 g/t Au (384,000 oz) (Tuvatu-PEA-Update-NI-43-101) and Namosi (Newcrest Mining NCM:ASX), Proven, Measured and Indicated Resources of 1.8Bt at 0.35% Cu and 0.11 g/t Au (6.4M oz Au and 6.3Mt Cu) (Newcrest Annual Mineral Resources Update, June 2022). The Company provides investors with exposure to a diverse portfolio of exploration stage projects with potential for zinc, copper, gold and silver in a politically safe and stable jurisdiction. Thunderstruck trades on the Toronto Venture Exchange (TSX-V) under the symbol "AWE" and United States OTC under the symbol "THURF." For additional information, please contact: Bryce Bradley, Chief Executive Officer Email: bryce@thunderstruck.ca or, visit our website: http://www.thunderstruck.ca Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains certain statements that may be deemed "forward-looking statements". Although Thunderstruck believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Thunderstruck's management on the date the statements are made. Except as required by law, Thunderstruck undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.