Source: Thunderstruck Resources Ltd.
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  • Thunderstruck Resources (AWE) is launching a non-brokered private placement to raise up to $750,000.00
  • The company will issue up to 12,500,000 units at a price of $0.06 per unit
  • Proceeds will be allocated to the expanded 2021 drilling and exploration program at the company’s 100 per cent owned Liwa gold and silver prospect
  • Thunderstruck is extending the expiry date of an aggregate of 2,201,835 outstanding share purchase warrants by two years
  • Thunderstruck Resources is a Canadian mineral exploration company focused on highly prospective properties in Fiji
  • Thunderstruck Resources Ltd. (AWE) is down 14.29 per cent, trading at C$0.06 per share at 2:20 pm ET

Thunderstruck Resources (AWE) is launching a non-brokered private placement to raise up to $750,000.00.

The company will issue up to 12,500,000 units at a price of $0.06 per unit. Each unit will include one common share and one-half share purchase warrant. Each full warrant will entitle the holder to purchase a further common share at a price of $0.15 per share for a period of 36 months. 

Finder’s fees may be payable on all or any portion of the placement, which is subject to regulatory approval, including the approval of the TSXV.

Proceeds will be allocated to the expanded 2021 drilling and exploration program at the company’s 100 per cent owned Liwa gold and silver prospect in Fiji. 

“Drilling is underway at our Liwa gold/silver prospect, and the first core has been sent for assay,” stated Thunderstruck’s President/CEO Bryce Bradley, “Concurrently we’re conducting a rock and soil sampling program that will further determine the size and depth of this high-grade precious metals asset. Past sampling programs show a 3km strike length, and the team is working diligently to test these targets at depth.”

The company will also be extending the expiry date of an aggregate of 2,201,835 outstanding share purchase warrants by two years. 1,250,000 warrants were issued on October 9, 2018 with an original expiry date of October 9, 2021 and the remaining 951,835 warrants were originally issued on November 9, 2018 with an original expiry date of November 9, 2021. The new expiry date will be on October 9, 2023 and November 9, 2023 respectively. The warrants continue to be exercised at their original exercise price of $0.15.

The amendment to the terms of the warrants is subject to TSX Venture Exchange approval.

Thunderstruck Resources is a Canadian mineral exploration company that has assembled extensive and highly prospective properties in Fiji.

Thunderstruck Resources Ltd. (AWE) is down 14.29 per cent, trading at C$0.06 per share at 2:20 pm ET.

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