Thunderstruck Resources Announces Repricing of Private Placement

Thunderstruck Resources Ltd. (TSXV:AWE) (OTC:THURF) (“Thunderstruck Resources” or the “Company”) today announces that it has repriced its non-brokered private placement originally announced on March 5, 2019 (the “Offering”) due to recent share price movement.

The Offering will now consist of up to 7,142,857 units (the “Units”) at CDN$0.07 per Unit for gross proceeds of up to CDN$500,000, with each Unit consisting of one common share (a “Share”) and one-half of one share purchase warrant (each whole share purchase warrant, a “Warrant”). Each whole Warrant will be exercisable to acquire one Share exercisable at CDN$0.15 per Share for 3 years from issuance of the Units. The expiry date of each whole Warrant is subject to acceleration such that, should the volume weighted average price of the Shares of the Company is at or above CDN$0.25 for 20 consecutive trading days, the Company may notify the holder, by way of news release, that the Warrants will expire 30 business days after the date such notice is given by the Company unless exercised by the holder before such date.

The proceeds of the Offering will be used by Thunderstruck Resources 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.

Closing of the Offering is subject to approval of the TSX Venture Exchange (“TSXV”). The securities issued under the Offering, and any Shares that may be issuable on exercise of any such securities, will be subject to a statutory hold period expiring four months and one day from the date of issuance of such securities.

About Thunderstruck Resources

Thunderstruck Resources is a Canadian mineral exploration company that has assembled four extensive and highly prospective properties in Fiji on which recent and previous exploration has confirmed VMS, copper and precious metals mineralisation. The Company provides investors with exposure to a diverse portfolio of exploration stage projects with potential for zinc, copper, gold and silver in a politically safe and stable jurisdiction. Thunderstruck trades on the TSXV under the symbol “AWE” and United States OTCQB under the symbol “THURF”.

For additional information please contact:

Rob Christl Investor Relations
Email: rob@thunderstruck.ca
P:778 840-7180

Bryce Bradley, President and CEO
Email: bryce@thunderstruck.ca

or, visit our website: https://www.thunderstruck.ca

Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this news release.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Certain information contained in this news release constitutes “forward-looking information” or “forward-looking statements” (collectively, “forward- looking information”). Without limiting the foregoing, such forward-looking information includes statements regarding the process and completion of the Offering, the use of proceeds of the Offering and any statements regarding the Company’s business plans, expectations and objectives. In this news release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” and similar words and the negative form thereof are used to identify forward-looking information. Forward looking information should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking information is based on information available at the time and/or the Company management’s good faith belief with respect to future events and is subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company’s control. For additional information with respect to these and other factors and assumptions underlying the forward-looking information made in this news release, see the Company’s most recent Management’s Discussion and Analysis and financial statements and other documents filed by the Company with the Canadian securities commissions and the discussion of risk factors set out therein. Such documents are available at www.sedar.com under the Company’s profile and on the Company’s website, https://www.thunderstruck.ca. The forward-looking information set forth herein reflects the Company’s expectations as at the date of this news release and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Click here to connect with Thunderstruck Resources Ltd. (TSXV:AWE) (OTC:THURF) for an Investor Presentation.

Source: www.newsfilecorp.com