Ms. Bryce Bradley reports
THUNDERSTRUCK ANNOUNCES PRIVATE PLACEMENT
Thunderstruck Resources Ltd. has arranged a non-brokered private placement of 10,677,126 common shares at a price of 7.3 cents per share for aggregate gross proceeds of $779,430.20. No warrants will be issued. The placement is fully allocated with two arm's-length parties subscribing for equal proportions of the available shares.
A cash finder's fee of 6 per cent of the proceeds raised is expected to be paid to an arm's-length third party.
Proceeds of the placement will be applied to exploration programs for the company's properties in Fiji and general working capital. The placement 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 copper-gold porphyry, gold-silver epithermal and VMS (volcanogenic massive sulphide) base metal 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 Metals), with indicated resources of 1.00 million tonnes at 8.48 grams per tonne gold (274,600 ounces) and inferred resources of 1.33 million tonnes at 9.0 grams per tonne gold (384,000 ounces), and Namosi (Newmont), with proven, measured and indicated resources of 1.8 billion tonnes at 0.35 per cent copper and 0.11 gram 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-V under the symbol AWE and the U.S. OTC (over-the-counter) market under the symbol THURF.
We seek Safe Harbor.
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