Great Thunder Announces Private Placement
VICTORIA, BC (FSCwire) - Great Thunder Gold Corp. (TSXV: GTG) reports that it is arranging a non-brokered private placement financing of up to 4,000,000 non-flow-through units at a price of $0.125 per unit and 4,000,000 flow-through shares at a price of $0.17 per share.
Each non-flow-through unit will consist of one common share and one share purchase warrant. Each warrant, in turn, will entitle the holder to purchase an additional common share at a price of $0.20 for a period of one year following the closing of the offering.
The proceeds from the offering will be used for exploration of the Company’s lithium prospects and general working capital purposes. The financing is subject to TSX Venture Exchange acceptance and is open to qualified investors. Great Thunder may pay cash finders’ fees of up to 7% of the subscription proceeds or 7% in the form of warrants in respect of the financing.
Up to one-third of the units may be issued to subscribers who are directors, officers and other related parties. The Company will rely on sections 5.5(c) and 5.7(b) of Multilateral Instrument 61-101 to exempt the offering from the requirements for a formal valuation and minority shareholder approval. To the Company’s knowledge, there is no material information concerning the Company or its securities that has not been generally disclosed.
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.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/GreatThunderMay272016.pdf
Source: Great Thunder Gold Corp. (TSX Venture:GTG) http://www.greatthundergold.com/
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