03:23:58 EDT Fri 03 May 2024
Enter Symbol
or Name
USA
CA



Thunderstruck Resources Ltd (2)
Symbol AWE
Shares Issued 25,402,562
Close 2023-07-28 C$ 0.11
Market Cap C$ 2,794,282
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Thunderstruck to acquire drill equipment from Austasia

2023-08-01 10:08 ET - News Release

Ms. Bryce Bradley reports

THUNDERSTRUCK ACQUIRES DRILLING EQUIPMENT

Thunderstruck Resources Ltd. has entered into an asset sale agreement dated July 26, 2023, with Austasia Investments Pte. Ltd. to acquire a track-mounted drill rig and related equipment for aggregate consideration of $211,726 (U.S.), of which $100,000 (U.S.) will be paid through the set-off of a previously advanced deposit, $86,726 (U.S.) will be paid through the issuance of 722,717 units at a deemed price of 12 U.S. cents per unit and the remaining $25,000 (U.S.) will be paid within six months.

Each unit will comprise one common share and one share purchase warrant. Each warrant will entitle the holder to acquire an additional common share at a price of 20 U.S. cents per share for a period of 36 months.

The transaction is subject to regulatory approval, including the approval of the TSX Venture Exchange.

About Thunderstruck Resources Ltd.

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), with indicated resources of one million tonnes at 8.48 grams per tonne gold (274,600 ounces), inferred resources of 1.33 million tonnes at 9.0 grams per tonne gold (384,000 ounces) (Tuvatu preliminary economic assessment update; National Instrument 43-101); and Namosi (Newcrest Mining), with proven, measured and indicated resources of 1.8 billion tonnes at 0.35 per cent copper and 0.11 grams per tonne gold (6.4 million ounces gold and 6.3 million tonnes copper) (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 TSX Venture Exchange under the symbol AWE and in the United States over the counter under the symbol THURF.

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