March 12, 2012 – Thunderstruck Resources Ltd. (the “Company”) announces that it has today closed its initial public offering. The offering consisted of 2,000,000 common shares at a price of $0.10 per share for gross proceeds of $200,000.
Haywood Securities Inc. (“Haywood”) acted as agent for the offering and received a commission of 10% of the gross proceeds of the offering and a corporate finance fee of $10,000 plus applicable taxes. The Company also reimbursed Haywood for its expenses in connection with the offering. In addition, the Company has granted Haywood an option to acquire up to 200,000 common shares of the Company at a per share price of $0.10 exercisable for a period of 24 months from the date the Company’s common shares are listed on the TSX Venture Exchange.
The TSX Venture Exchange has approved the listing of the Company’s common shares and has advised that trading will commence on Wednesday, March 14, 2012 under the symbol “AWE.P”.
Pursuant to section 11.2 of National Instrument 51-102, the Company hereby gives notice that it
has become a venture issuer.
For additional information, please contact:
Bryce Bradley, President, Chief Executive Officer and Director
Telephone: (778) 340-3899
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.