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".
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