VICTORIA, BC, April 18, 2017 – Great Thunder Gold Corp. (TSXV: GTG) is pleased to announce that it is has completed its oversubscribed non-brokered private placement of 12,000,000 units at a price of $0.05 per unit, to raise gross proceeds of $600,000.
Each unit consists of one common share and one warrant. Each warrant, in turn, entitles the holder to purchase an additional common share at a price of $0.075 until not later than April 18, 2018. The company paid an aggregate of $49,400 and 988,000 warrants as finders’ fees to Mr. Nathan Rotstein, Foster & Associates Financial Services, Chippingham Financial Group and Mackie Research Capital.
The securities are subject to a hold period and may not be traded until August 19, 2017, except as permitted by applicable securities legislation and the TSX Venture Exchange.
The proceeds from the financing will be used for exploration of the company’s Quebec gold and 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