Victoria, British Columbia (FSCwire) - Great Thunder Gold Corp. (TSXV: GTG) is pleased to announce that it is has completed a non-brokered private placement consisting of 3,375,000 units at a price of $0.10 per unit, to raise gross proceeds of $337,500. Each unit consists of one common share and one warrant. Each warrant will, in turn, entitle the holder to purchase an additional common share at a price of $0.14 until June 28, 2018. The company paid an aggregate of $3,000 and 57,500 units as finders’ fees to Mr. Nathan Rotstein and Mr. Blair Naughty.
The securities are subject to a hold period and may not be traded until October 29, 2016, except as permitted by applicable securities legislation and the TSX Venture Exchange.
The company relied on sections 5.5(a) and 5.7(a) of Multilateral Instrument 61-101 to exempt the offering from the requirements for a formal valuation and minority shareholder approval. Neither the company nor the purchasers have knowledge of any material information concerning the company or its securities that has not been generally disclosed.
The proceeds from the financing will be used for exploration of the company’s Quebec lithium properties and for general working capital purposes.
ON BEHALF OF THE BOARD
Signed “Kevin C. Whelan”
Kevin C. Whelan, President
Direct line: (250) 474-6640
Neither 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 release.
