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Thunderstruck Resources

Thunderstruck Resources announces C$1M placing to advance assets in Fiji

The firm will issue up to 10 million units at C$0.10 each for gross proceeds of up to C$1 million

Canadian dollar
Each unit comprises one company share and one-half of a non-transferable share purchase warrant

Thunderstruck Resources Ltd (CVE:AWE) (OTCQB:THURF) is set to raise C$1 million via a placing to advance its projects in Fiji.

It will issue up to 10 million units at C$0.10 each for gross proceeds of up to C$1 million, the company said in a statement.

Each unit comprises one company share and one-half of a non-transferable share-purchase warrant. Each whole warrant will be exercisable to acquire one share at an exercise price of C$0.20 each for 36 months from the date of issue, subject to an acceleration right.

Thunderstruck said it plans to use the proceeds from the offering for "ground geophysical survey completion on the Rama copper porphyry and Liwa gold prospect, Liwa Creek trenching for gold in soil anomaly, and commence diamond or man-portable drilling on the Rama and/or Liwa projects".

Contact Giles at [email protected]

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Quick facts: Thunderstruck Resources

Price: $0.04

Market: TSX-V
Market Cap: $2.31 m
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Thunderstruck Resources talks major announcement at PDAC in Toronto

Thunderstruck Resources (CVE:AWE) CEO Bryce Bradley sat down with Proactive at the Prospectors & Developers Association of Canada convention in Toronto. The Vancouver-based company has assembled extensive properties in Fiji, providing a diverse portfolio of exploration-stage projects with...

on 6/3/19

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