Thunderstruck Resources Closes First Tranche of Private Placement

Thunderstruck Resources (TSXV:AWE) has completed the first tranche of its previously announced private placement for proceeds of $154,850. Proceeds will be used for exploration work at Thunderstruck’s properties in Fiji, and for general working capital.
As quoted in the press release:

The first tranche involved the sale of 3,097,000 units at a price of five cents per unit. Each unit comprised one common share and one share purchase warrant, each warrant entitling the holder to purchase a further common share at a price of 10 cents per share until July 22, 2017.
Proceeds of the placement will be applied to exploration programs for the company’s Fijian properties and for general working capital. The securities issued in the placement are subject to a hold period in Canada expiring on Nov. 23, 2015. Additional restrictions may apply pursuant to Rule 144 of the Securities Act of 1933, as amended, to U.S. investors.

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