Thunderstruck arranges $779,430 private placement

Executive Summary

• Thunderstruck Resources Ltd. completed a non‑brokered private placement of 10,677,126 common shares at C$0.073 per share, generating gross proceeds of $779,430.20.
• The placement was fully allocated to two arm’s‑length investors, with no warrants issued; a cash finder's fee of 6 % of proceeds will be paid to a third party.
• Proceeds are earmarked for exploration programs on the company’s Fiji properties and for general working capital, subject to TSX Venture Exchange approval.

Key Details

• Placement Size: 10,677,126 common shares.
• Price per Share: C$0.073.
• Gross Proceeds: $779,430.20 CAD.
• Allocation: Fully subscribed by two arm’s‑length parties, each taking 50 % of the shares.
• Warrants: None issued.
• Finder’s Fee: 6 % of gross proceeds payable to an arm’s‑length third party.
• Use of Proceeds: Funding exploration programs on Fiji properties and general working capital.
• Regulatory Conditions: Placement subject to approval by the TSX Venture Exchange and other applicable regulators.

Notable Quotes

(No quotes were provided in the release.)