Business
Thunderstruck Resources Announces Private Placement
Vancouver, British Columbia--(Newsfile Corp. - March 5, 2019) - Thunderstruck Resources Ltd. (...
About this update from Thunderstruck Resources Ltd.
[{"type":"text","content":"Thunderstruck Resources Announces Private PlacementVancouver, British Columbia--(Newsfile Corp. - March 5, 2019) - Thunderstruck Resources Ltd. (TSXV: AWE) (OTCQB: THURF) (\"Thunderstruck Resources\" or the \"Company\") is pleased to announce its intention to complete a non-brokered private placement (the \"Offering\") of up to 10,000,000 units (the \"Units\") at a price of CDN$0.10 per Unit for gross proceeds of up to CDN$1,000,000. Each Unit will consist of one common share in the capital of the Company (a \"Share\") and one-half of one non-transferable common share purchase warrant (each whole common share purchase warrant, a \"Warrant\"). Each whole Warrant will be exercisable to acquire one Share at an exercise price of CDN$0.20 per Share for a period of 36 months from the date of issuance, subject to the following acceleration right. If, at any time after the date that is 4 months and one day after the date of issuance of the Warrant, the closing price of the Company's common shares on the TSX Venture Exchange (or such other stock exchange on which the common shares may be traded from time to time) is at or above CDN$0.45 per share for a period of 20 consecutive trading days (the \"Triggering Event\"), in which event the Company may, within 10 days of the Triggering Event, accelerate the expiry date of the Warrants by giving notice thereof to the holders of the Warrants, by way of news release, and in such case the Warrants will expire on the first day that is 30 business days after the date on which such notice is given by the Company announcing the Triggering Event.The Offering is available to investors in reliance on exemptions from the prospectus requirement set out in National Instrument 45-106 Prospectus Exemptions and to existing shareholders of the Company and to investors who have received investment advice and to existing shareholders of the Company and to investors who have received investment advice in reliance on BC Instrument 45-534 Exemption from prospectus requirement for certain trades to existing security holders and the corresponding blanket orders and rules in the other Canadian jurisdictions (collectively, the \"Existing Security Holder Exemption\"). The Existing Security Holder Exemption is available in each of the provinces and territories of Canada to a person or company who became a shareholder of ...