Thunderstruck Resources Ltd. announced a non-brokered private placement of 7,500,000 units at a price of CAD 0.275 per unit for gross proceeds of CAD 2,062,500 on April 10, 2023. Each unit consists of one common share and one full share purchase warrant. Each warrant will entitle the holder to purchase a further common share at a price of CAD 0.75 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 1.25 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. Finder's fees may be payable on all or any portion of the placement, which is subject to regulatory approval, including the approval of the TSX Venture Exchange.