Thunderbird Closes Flow-Through and Non-Flow Through Private Placements
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES.
Thunderbird Closes Flow-Through and Non-Flow Through Private Placements
Vancouver, British Columbia, June 9 , 2023 – Thunderbird Minerals Corp. (the “Company” or
“Thunderbird”) is pleased to announce that it has completed the non -brokered private placement (the
"Offering") described in its news release of April 20, 2023. In connection with the closing of the Offering,
the Company issued (1) an aggregate of 765,332 flow-through units (the "FT Units") at a price of CDN$0.12
per FT Unit for gross proceeds of CDN$91,840, and (2) an aggregate of 4,402,500 non -flow through units
(each, an “NFT Unit” and, together with the FT Units, the “Units”) at a price of CDN$0.10 per NFT Unit for
gross proceeds of CDN$440,250 (the “NFT Offering” and, together with the FT Offering, the “Offering”).
Each FT Unit consists of one common share of the Company to be issued on a “flow-through” basis (each,
a “FT Share”) pursuant to the Income Tax Act (Canada) (the “Tax Act”) and one-half of one common share
purchase warrant (each, a “ Warrant”), with each full Warrant entitl ing the holder to purchase one
additional non-flow-through common share (each, a “ Warrant Share”) at a price of $0. 20 per Warrant
Share for a period of 24 months from the closing of the Offering, being June 9, 2025.
Each NFT Unit consists of one common share of the Company to be issued on a “non-flow-through” basis
(each, an “NFT Share”) and one-half Warrant.
An insider of the Company acquired an aggregate of 390,000 Units in the Offering, which participation
constituted a "related party transaction" as defined under Multilateral Instrument 61 -101 Protection of
Minority Security Holders in Special Transactions (“MI 61 -101”). Such participation is exempt from the
formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market
value of the Units acquired by the insider, nor the consideration for the Units paid by such insider, exceed
25% of the Company's market capitalization . As required by MI 61 -101, the Company advises that it
expects to file a material change report relating to the Offering less than 21 days before completion of
the Offering, which is necessary to complete the Offering in an expeditious manner and is reaso nable in
the circumstances.
Thunderbird intends to use the net proceeds of the FT Offering for eligible Canadian Exploration Expenses,
within the meaning of the Income Tax Act (Canada) and to use the net proceeds of the NFT Offering for
THUNDERBIRD MINERALS CORP.
2110 -650 West Georgia Street
Vancouver, British Columbia
Canada, V6B 4N9
Telephone: 604 568 8807
Facsimile: 604 681 1864
www.thunderbirdminerals.ca
exploration expenditures on its properties as well as for general working capital purposes.
The Company will pay aggregate finder’s fees of CDN$ 4,200 in connection with subscriptions from
subscribers introduced to the Offering by Canaccord Genuity Corp. and Haywood Securities Inc.
About Thunderbird Minerals Corp.
Thunderbird is a junior grassroots explorer focused on the discovery of new precious metal and copper
projects through systematic exploration in metal endowed terranes located in tier one mining jurisdictions
in North America. Thunderbird’s focus is to develop its portfolio of projects to the mineral resource stage.
Thunderbird’s projects include its material property, the Bullseye property in the Wels District of the
Yukon. The Company’s other properties are the Eagle Mountain gold property in the Cassiar Gold District
in northern British Columbia and the Argo copper and gold property near Quesnel, British Columbia.
Thunderbird continues to look for attractive properties throughout North America.to add to its early-stage
project pipeline.
ON BEHALF OF THE BOARD
John Newell
President and Chief Executive Officer
For additional information, please visit Thunderbird's website at www.thunderbirdminerals.ca or contact
John Newell by telephone (604) 568-8807 or by email at [email protected] or
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 Company’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 identify forward -looking information. Forward -looking information should not
be read as guarantees of future performance or result s, and will not necessarily be accurate indications
of whether, or the times at or by which, such future performance will be achieved. 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 factors, many of which are beyond the Company’s control. The forward -looking
information set forth herein reflects the Company’s e xpectations 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 otherw ise,
other than as required by law.