Thunderstruck Resources Ltd. announced a non-brokered private placement of up to 50,000,000 units at an issue price of CAD 0.07 per unit for gross proceeds of up to CAD 3,500,000 on March 20, 2023. Each unit will comprise one common share and one-half share purchase warrant. Each full warrant will entitle the holder to purchase a further common share at a price of CAD 0.15 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 0.25 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. Finders' 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.