Thunderstruck Completes Qualifying Transaction
THUNDERSTRUCK RESOURCES LTD.
Unit #2, 246 East 1st Street North Vancouver, British Columbia, V7L 1B3
NEWS RELEASE TSX-V: AWE
THUNDERSTRUCK COMPLETES QUALIFYING TRANSACTION
Vancouver, British Columbia – May 9, 2014 – Thunderstruck Resources Ltd. (“Thunderstruck” or the “Company”) is pleased to announce that it has received TSX Venture Exchange (the “Exchange”) final approval (“Exchange Approval”) to its arm’s length Qualifying Transaction as first announced by news release dated January 27, 2014.
Resumption of Trading
Effective May 12, 2014, the Company’s common shares will commence trading on Tier 2 of the Exchange as a mining issuer under the symbol “AWE”.
The Qualifying Transaction
Pursuant to an option agreement (the “Option Agreement”) dated January 27, 2014, as amended March 20, 2014, between the Company and Hunter Exploration Group, the Company has the right to acquire up to a 60% interest in certain mining claims referred to as the Eric Lake Property located in Nunavut, Canada. Full particulars of the Option Agreement, and the Company, are set out in the Company’s Filing Statement as filed on SEDAR.
The Property is comprised of two Nunavut mineral claims covering an area of approximately 5,165 acres located approximately 65 km northwest of Ariat, Nunavut. Additional information on the Property is disclosed in a NI 43-101 compliant technical report entitled “Technical Report for the Eric Lake Property, Southern Nunavut, Canada” dated February 17, 2014, as amended March 12, 2014, prepared by Andrew J. Turner, B.Sc., P.Geol. of Apex Geoscience Ltd., which has been filed on SEDAR.
No financing or change of management was undertaken in conjunction with the qualifying transaction; and no sponsorship was required. The Company has issued an aggregate 300,000 common shares pursuant to the Option Agreement, which shares are subject to a hold period expiring September 14, 2014.
Management
The Company’s directors and officers remain the same as:
Bryce Bradley CEO, President and Director Scott Hamilton CFO, Corporate Secretary Dale Wallster Director Brien Lundin Director
For a detailed overview of Thunderstruck, please visit SEDAR. For additional information, please contact:
Bryce Bradley, President, Chief Executive Officer and Director Telephone: (604) 349-8119 Email: [email protected]
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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. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. 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. Readers are cautioned that the foregoing list is not exhaustive.
Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.
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