Thunderstruck Arranges Private Placement and Advances Geophysical Surveys at Rama Creek Cu-Au Porphyry
THUNDERSTRUCK RESOURCES LTD.
www.thunderstruck.ca TSX-V: AWE OTCQB: THURF
TSXV: AWE
OTCQB: THURF
THUNDERSTRUCK ARRANGES PRIVATE PLACEMENT AND ADVANCES GEOPHYSICAL
SURVEYS AT RAMA CREEK CU-AU PORPHYRY
January 21, 2019 – Vancouver, British Columbia – Thunderstruck Resources Ltd. ( “Thunderstruck”;
TSX-V: AWE, OTCQB: THURF) announces that it has arranged a private placement of up to $100,000.
The non-brokered private placement involves the sale of up to 1,666,667 units at a price of $0.06 per
unit for aggregate gross proceeds of $100,000. Each unit will comprise one common share and one half
of one share purchase warrant. Each whole warrant entitles the holder to purchase a f urther common
share at a price of $0.15 per share for a period of 36 months. The warrants will be subject to accelerated
exercise provisions such that if the closing price of the Company’s common shares exceeds $0.25 per
share for a period of 20 consecutiv e trading days, the Company may give notice of the acceleration of
the warrants’ term to a period of 30 days following such notice.
Proceeds of the placement will be applied to exploration programs for the Company’s Fiji properties and
general working capi tal. The placement is subject to regulatory approval, including the approval of the
TSX Venture Exchange.
Geophysical Program
The Company is in the process of analyzing the initial Induced Polarization (IP) geophysical survey data
generated from its Rama Creek copper-gold porphyry prospect. A total of approximately 4 line-km of the
planned 7 line- km of pole -dipole induced polarization (IP) resistivity surveys have been completed at
Rama Creek. When crews complete the Rama Creek program they will move the field camp to
Thunderstruck’s gold asset, Liwa Creek, where a further 4 line- km of IP/resistivity surveys are planned.
The Company will provide an update once the surveys are complete and geophysical inversion products
and an interpretation of the results are complete.
Bryce Bradley, Thunderstruck’s President/CEO, stated “Geophysical surveys are useful in that they can
delineate mineralization far beneath the surface in a cost effective manner. Additionally, there is no
heavy equipment required, allowing access to the land during the wet season. This allows us to
continue our work programs while we advance JV discussions on other assets.”
Please join us at the Prospectors and Developers Association of Canada Convention (PDAC)
March 3 - 6, 2019 in Booth #3220 to be held at the Metro Toronto Convention Centre.
About Thunderstruck Resources
Thunderstruck Resources is a Canadian mineral exploration company that has assembled extensive
and highly prospective properties in Fiji on which recent and previous exploration has confirmed VMS,
copper and precious metals mineralization. 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 OTCQB under the symbol “THURF”.
THUNDERSTRUCK RESOURCES LTD.
www.thunderstruck.ca TSXV: AWE; OTCQB: THURF
For additional information, please contact:
Rob Christl, Investor Relations
Email: [email protected]
P: 778 840-7180
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 statem ents. 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.