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Private Placement: Thunderstruck Resources Ltd. (TSXV:AWE)

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The company is looking to raise gross proceeds of up to $750,000 from the placement of up to 12.5 million units priced at $0.06 per unit. The units consist of 1 share and one-half a warrant, with each full warrant exercisable at $0.15 for 36 months, subject to an acceleration clause.

Additional Information:

Company: Thunderstruck Resources Ltd.
Website: http://www.thunderstruck.ca
Stock Symbol: TSXV: AWE
Date Published: Sep 22, 2021
Transcript: Available

Video Transcript:

I’m Cassandra Bolinski for Investmentpitch Media

Thunderstruck Resource Ltd. has announced a non-brokered private placement.

The company is looking to raise gross proceeds of up to $750,000 from the placement of up to 12.5 million units priced at $0.06 per unit.

The units consist of 1 share and one-half a warrant, with each full warrant exercisable at $0.15 for 36 months, subject to an acceleration clause.

The shares are currently trading at $0.06.

Thunderstruck Resources, a Canadian mineral exploration company, has assembled extensive and highly prospective properties in Fiji, which is located on the Pacific Ocean’s Ring of Fire, a trend that has produced numerous large deposits.

Thunderstruck owns a vast land package of high grade zinc, copper, gold and silver assets that cover nearly 3% of the main island of Fiji, on which recent and previous exploration has confirmed zinc, copper and precious metals mineralization.

The company spent nearly three years preparing the Liwa gold/silver asset for drilling and has delineated four initial targets spanning three kilometers of this extensive geological system.

The current program will consist of drilling, gridded geochemical sampling, and reconnaissance mapping and sampling to the north and south of known prospects.

Jensen's prospect was the property's discovery outcrop and is the first drill target in 2021.

Breccias at surface have returned gold grades as high as 55.2 g/t gold.

Bryce Bradley, President and CEO, stated: "Drilling is underway at our Liwa gold/silver prospect, and the first core has been sent for assay. 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."

For more information, please visit the company’s website at www.thunderstruck.ca, contact Rob Christl, VP Business Development and Investor Relations, at 778-840-7180 or by email at rob@thunderstuck.ca.

I’m Cassandra Bolinski for Investmentpitch Media

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