Thunderstruck Resources Ltd. announced a non-brokered private placement of up to 1,666,667 units at a price of CAD 0.15 per unit for gross proceeds of CAD 250,000.05 on July 6, 2023. Each unit will comprise one common share and one share purchase warrant. Each whole warrant entitles the holder to purchase a further common share at a price of CAD 0.20 per share for a period of 36 months.

The warrants will be subject to accelerated exercise provisions such that if the closing price of the Company's common shares exceeds CAD 0.30 per share for a period of 20 consecutive trading days, the Company may give notice of the acceleration of the warrants' term to a period of 30 days following such notice. The transaction is subject to regulatory approval, including the approval of the TSX Venture Exchange. The transaction will include participation from directors and officers of the company.

The company reserves the right to increase the number of units issued pursuant to the transaction to up to 3,333,333 units for up to total gross proceeds of CAD 500,000.