Thunderstruck Resources Closes Private Placement
TSXV: AWE
OTCQB: THURF
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES.
THUNDERSTRUCK RESOURCES CLOSES PRIVATE PLACEMENT
Vancouver, British Columbia -- April 5, 2019 -- Thunderstruck Resources Ltd. ("Thunderstruck Resources" or
the “Company”) (TSX Venture Exchange: AWE , OTCQB: THURF ) is pleased to announce that it has
completed the non-brokered private placement (the "Offering") described in its news releases of March 5, and
March 11, 2019. In connection with the closing of the Offering, the Company issued an aggregate of
1,221,585 units (the "Units") at a price of CDN$0.07 per Unit for gross proceeds of CDN$104,411. Each Unit
consists of one common share in the capital of the Company (a “Share”) and one-half of one non-transferable
common share purchase warrant (each whole common share purchase warrant, a “Warrant”). Each whole
Warrant is exercisable to acquire one Share at an exercise price of CDN$0.15 per Sh are until April 4, 2022 ,
which is 36 months from the date of issuance, subject to the following acceleration right. If, at any time after
the date that is 4 months and one day after the date of issuance of the Warrant, the closing price of the
Company’s co mmon shares on the TSX Venture Exchange (or such other stock exchange on which the
common shares may be traded from time to time) is at or above CDN$0.25 per share for a period of 20
consecutive trading days (the “Triggering Event”), in which event the Com pany may, within 10 days of the
Triggering Event, accelerate the expiry date of the Warrants by giving notice thereof to the holders of the
Warrants, by way of news release, and in such case the Warrants will expire on the first day that is 30
business days after the date on which such notice is given by the Company announcing the Triggering Event.
Proceeds from the offering will be used for general working capital and administrative purposes.
The Company will pay no finder's fees in connection with subscriptions from subscribers introduced to this
Offering.
The Offering remains subject to final approval of the TSX Venture Exchange. The securities issued under the
Offering, and any Shares that may be issuable on exercise of any such securities, will be subject to a
statutory hold period expiring four months and one day from the date of issuance of such securities.
Grant of Stock Options
The Company announces that it has granted an aggregate of 1,200,000 options to directors, officers,
employee and consultants, each with an exercise price of $0.07 per share and a 10 year term.
About Thunderstruck Resources
Thunderstruck Resources is a Canadian mineral exploration company that has assembled four extensive and
highly prospective properties in Fiji on which recent and previous exploration has confirmed VMS, copper and
precious metals mineralisation. 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 s ymbol "AWE" and
United States OTCQB under the symbol “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 nor its Regulation Service Provider (as the term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy of this news release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in
the United States. The securities have not been and will not be registered under the United States Securities
Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or
sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such registration is available.
Cautionary Statement Regarding Forward-Looking Information
Certain information contained in this news release constitutes “forward -looking information” or “forward -
looking statements” (collectively, “forward- looking information”). Without limiting the foregoing, such forward-
looking information includes statements regarding the process and completion of the Offering, the use of
proceeds of the Offering and any statements regarding the Compan y’s business plans, expectations and
objectives. In this news release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”,
“anticipate”, “intend”, “plan”, “estimate” and similar words and the negative form thereof are used to iden tify
forward-looking information. Forward looking information should not be read as guarantees of future
performance or results, and will not necessarily be accurate indications of whether, or the times at or by
which, such future performance will be achie ved. Forward -looking information is based on information
available at the time and/or the Company management’s good faith belief with respect to future events and is
subject to known or unknown risks, uncertainties, assumptions and other unpredictable fact ors, many of
which are beyond the Company’s control. For additional information with respect to these and other factors
and assumptions underlying the forward -looking information made in this news release, see the Company’s
most recent Management’s Discuss ion and Analysis and financial statements and other documents filed by
the Company with the Canadian securities commissions and the discussion of risk factors set out therein.
Such documents are available at www.sedar.com under the Company’s profile and on the Company’s
website, https:// www.thunderstruck.ca. The forward -looking information set forth herein reflects the
Company’s expectations as at the date of this news release and is subject to change after such date. The
Company disclaims any intention or obligation to update or revise any forward -looking information, whether
as a result of new information, future events or otherwise, other than as required by law.