AWE.V - Thunderstruck Resources Ltd

Corporate Description

Thunderstruck Resources is a Canadian mining exploration company with highly prospective VMS and Precious Metals projects on the main island of Viti Levu, Fiji. The Company provides investors with exposure to a diverse portfolio of assets rich in zinc, copper, silver and gold in a politically safe and stable jurisdiction.
Website: https://www.thunderstruck.ca/
2019 Corporate Presentation: https://www.thunderstruck.ca/images/pdf/presentations/2019/Thunderstruck_Resources_presentation_2019.pdf

Social Media

Directors and Management

Name Title Professional
Designations
Additional Notes:
Lundin, Brien Co-Founder and Chairman B.Sci President ad CEO of Jefferson Financial, Co-Founder, Chairman and Director of Natcore Technology, Publisher of Gold Newsletter, Owner and Operator of New Orleans Investment Conference,Past Director of Sojourn Exploration
Bradley, Bryce Co-Founder, President and CEO B.Sci Past Founder and President of Generic Capital and Saltus Mercantile Corp
Zou, Annie CFO and Corporate Secretary B.Comm Accountant at Osprey Gold, Roughrider Exploration and Red Fern Consulting,  Senior Accountant at NexOptic Tech and ESSA Pharmaceuticals
Angus, Tookie Advisor LLB Chairman of San Marco Resources and K92 Mining, Past Chairman of Nevsun Resources, Past Director of First Quantum Minerals, Canico Resources, Bema Gold and Plutonic Power
Raffle, Kristopher J. Technical Consultant B.Sci, P.Geo Principal and Consultant of APEX Geoscience
Roulston, Lawrence Director B.Sci Non Executive Chairman of Metalla Royalty & Streaming, Managing Director of WestBay Capital Advisors, Past Editor of Resource Opportunities
Von Hessert, Linnea Director B.Sci

Share Structure as of October 30 2018

Basic: 52,707,500
Fully Diluted: 88,244,750
*Source - MD&A for Quarter ended August 31 2018

Options Outstanding

Number Exercise Price Expiry Date
740,000 $0.05 May 28 2019
150,000 $0.10 April 18 2020
185,000 $0.05 September 22 2025
1,400,000 0.085 August 26 2026
300,000 $0.10 April 13 2027
975,000 $0.09 September 6 2027
1,150,000 $0.09 March 13 2028

*Source: Financial Statement for quarter ended August 31 2018

Warrants Outstanding

Number Exercise
Price
Expiry Date
2,000,000 $0.10 March 1 2019
4,000,000 $0.10 August 25 2019
1,425,750 $0.15 December 22 2019
3,097,000 $0.10 July 22 2020
9,677,500 $0.15 September 6 2020
2,500,000 $0.15 September 22 2020
5,375,000 $0.15 March 13 2021
2,262,000 $0.15 May 25 2021

*Source: Financial Statement for quarter ended August 31 2018

Insider Ownership

Name Common Shares
Bradley, Bryce (Direct) 669,000
Bradley, Bryce (Indirect) 2,778,215
Lundin, Brien 1,720,000
Von Hessert, Linnea 250,000

*Source: SEDI as of March 4 2019

Liquidity & Capital Resources

Source: Financial Statement quarter ended August 31 2018
Current Assets $193,718 CAD
Current Liabilities $73,215 CAD
Working Capital $120,503 CAD

Financing History/Prior Sales

Date Shares Warrants Full Warrant
Price
Full Warrant
Period
January 28 2019 1,692,000 common shares at $0.06 1/2 common share purchase warrant* $0.15 36 months
November 9 2018 1,903,667 common shares at $0.06 1/2 common share purchase warrant* $0.15 36 months
October 9 2018 1,250,000 common shares at $0.08 1 common share purchase warrant* $0.15 36 months
May 25 2018 2,262,000 common shares at $0.09 1 common share purchase warrant* $0.15 36 months
March 13 2018 5,375,000 common shares at $0.08 1 common share purchase warrant* $0.15 36 months
September 7 2017 9,397,500 common shares at $0.08 1 common share purchase warrant* $0.15 36 months
September 7 2017 240,000 finder warrants* N/A $0.15 36 months
December 23 2016 2,851,500 common shares at $0.10 1/2 common share purchase warrant* $0.15 36 months
October 18 2016 450,000 common shares** N/A N/A N/A
August 25 2016 8,000,000 common shares at $0.05 1/2 common share purchase warrant* $0.10 36 months
June 1 2016 200,000 common shares*** N/A N/A N/A
February 26 2016 2,000,000 common shares at $0.05**** 1 common share purchase warrant* $0.10 36 months
September 22 2015 2,500,000 common shares at $0.05 1 common share purchase warrant* $0.10 24 months
July 22 2015 3,097,000 common shares at $0.05 1 common share purchase warrant* $0.10 24 months
November 24 2014 2,504,500 common shares at $0.10 1/2 common share purchase warrant $0.15 24 months
September 24 2013 2,000,000 common shares at $0.05 N/A N/A N/A
September 5 2013 6,000,000 common shares at $0.05 N/A N/A N/A
March 12 2012 2,000,000 common shares at $0.10***** N/A N/A N/A

*Note: Warrants are subject to an acceleration clause
**Note: Paid to Aljen Holdings as part of Share Sale Agreement
***Note: Paid to Arcadia Mining
****Note: Press release filed on SEDAR on February 26 2016
*****Note: IPO

Upcoming Financing

Termination & Change of Control Payments

There are no contracts, agreements, plans or arrangements between the Company and an NEO that provide for payments to an NEO at, following or in connection with any termination (whether voluntary, involuntary or constructive) with respect to the resignation, retirement, a change in control of the Company or a change in an NEO’s responsibilities. 

*Source: Management Circular filed on SEDAR April 19 2017

Corporate Highlights

Liwa Creek Gold Project

The Liwa Creek gold prospect is located in the southern portion of SPL 1425. Amoco Minerals discovered a float sample in the Liwa Creek which assayed 8.4 g/t Au in the 1970’s. Geopacific Limited (Geopacific) in the 1980’s discovered the source of the Liwa Creek float sample 500m upstream to the west. The surface expression was a 90-100 metre wide zone of altered volcanic rock with a strike length of over 300 metres. Trenching by Geopacific (1989) returned intersections including 15m @ 1.9 g/t Au and 5.5m @ 2.0 g/t Au1,2.
See more here: https://www.thunderstruck.ca/index.php/projects/liwa-creek-gold

Date Headline
October 30 2018 Field Work Extends Liwa Creek Gold Prospect; Samples 55 g/t Gold and 379 g/t Silver in OutcropAnd Discovers Significant New Gold Zone
February 13 2018 Thunderstruck Announces Discovery of Widespread Gold Mineralization at Liwa Creek Prospect, Samples 36 g/t Gold in Outcrop
November 27 2017 Thunderstruck Provides Exploration Update, Appoints Lawrence Roulston and Linnea Von Hessert to Board
October 24 2017 Thunderstruck Mobilizes Crews to Liwa Creek
July 13 2017 Thunderstruck Commences Exploration Program
October 18 2016 Thunderstruck Completes Acquisition of Fijian Zinc, Copper, Gold and Silver Properties and Commences Exploration
August 8 2016 Thunderstruck Purchases 100% Of Fijian Gold, Copper, Zinc Properties

Rama Creek Copper/Gold Project

Wainaleka Copper/Zinc Project

Nakoro Copper/Zinc Project