Thunderstruck Closes Final Tranche of Financing Announces Results of AGM
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ww.thunderstruck.ca TSX- V: AWE OTC: THURF
TSXV: AWE
OTC: THURF
Thunderstruck Closes Final Tranche of Financing
Announces Results of AGM
July 9, 2024 – Vancouver, British Columbia – Thunderstruck Resources Ltd. (the
“Company”) announces, further to its press release dated May 12, 2024 and June 4, 2024, it
completed its previously announced non-brokered private placement (the “Placement”).
“We are in discussions with several potential joint venture partners on our 100% owned and
highly prospective suite of copper, zinc and precious metals assets in Fiji”, reported Bryce
Bradley, President/CEO, “These funds will keep our assets and corporate entity in good
standing as we advance these negotiations while maintaining a tight share structure of only
32,261,946 shares outstanding.”
Thunderstruck’s portfolio includes the Korokayiu and Nakoro zinc/copper VMS assets, the
Liwa gold/silver epithermal prospect and the Rama copper/gold porphyry.
A total of $321,000 was raised in the Placement over two tranches from the sale of 5,350,000
Units. On May 12, 2024, the Company completed an initial tranche of the Placement
generating gross proceeds of $300,000 through the sale of 5,000,000 Units. On June 5, 2024,
gross proceeds of $21,000 were generated through the sale of 350,000 units at a price of
$0.06 per unit (each a “Unit”). Each Unit comprises one common share and one share
purchase warrant. Each whole warrant entitles the holder in the final tranche to purchase a
further common share at a price of $0.10 per share until July 5, 2027. The warrants are
subject to accelerated exercise provisions such that if the closing price of the Company’s
common shares exceeds $0.20 per share for a period of 20 consecutive trading days, the
Company may give notice of the acceleration of the warrants’ term to a period of 30 days
following such notice. All securities issued in the final tranche are subject to a hold period in
Canada expiring on November 6, 2024. Finder’s fees of $1,470.00 were paid in connection
with the final tranche of the Placement.
The Placement is subject to regulatory approval, including the approval of the TSX Venture
Exchange.
THUNDERSTRUCK RESOURCES LTD.
THUNDERSTRUCK RESOURCES LTD.
www.thunderstruck.ca TSXV: AWE; OTC: THURF
The Company is also pleased to announce the results of its annual general meeting of
shareholders held on June 21, 2024 (the "Meeting"). The Company’s shareholders voted in
favour of each of the matters considered at the Meeting, including electing each of Bryce
Bradley, Brien Lundin, Eric Roth and Linnea Von Hessert as directors of the Company to hold
office for the ensuing year, appointing DeVisser Gray LLP as the Company's auditors for the
ensuing year and authorizing the board of directors to set their remuneration and approving and
ratifying the Company’s stock option plan.
About Thunderstruck Resources
Thunderstruck Resources is a Canadian mineral exploration company focused on the discovery
of high value copper-gold porphyry, gold-silver epithermal, and VMS 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), Indicated
Resources of 1.00 Mt @ 8.48 g/t Au (274,600 oz), Inferred Res ources of 1.33 Mt @ 9.0 g/t Au
(384,000 oz) (Tuvatu- PEA-Update-NI-43-101) and Namosi (Newmont), 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 TSX 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: [email protected]
D: +1 604 349-8119
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.