Thundermin Resources Inc.

Thundermin Resources Inc.

December 19, 2013 10:01 ET

Thundermin Announces Proposed Private Placement for Up to $600,000

TORONTO, ONTARIO--(Marketwired - Dec. 19, 2013) - Thundermin Resources Inc. ("Thundermin") (TSX VENTURE:THR) announces that it intends to raise, subject to regulatory approval and closing, $600,000 (the "Offering") in a non-brokered private placement.

The Offering will consist of $450,000 in flow-through units (the "FT Units") at a price of $0.05 per FT Unit and $150,000 in non-flow-through units (the "Normal Units") at a price of $0.05 per Normal Unit. Each FT Unit will consist of one flow-through common share and one half of one non-transferable common share purchase warrant (each, a "FT Warrant"). Each Normal Unit will consist of one common share and one non-transferable common share purchase warrant (each, a "Normal Warrant" and together with the FT Warrants, the "Warrants"). Each whole FT Warrant will entitle the holder to purchase an additional common share of Thundermin at a price of $0.07 per share for a period of 18 months from the date of closing of the Offering. Each Normal Warrant will entitle the holder to purchase an additional common share of Thundermin for a period of 24 months from the date of closing of the Offering. The Warrants will be subject to an early call provision. In the event that Thundermin's shares trade at a weighted average price of $0.14 per share or more for a period of at least 20 consecutive trading days, Thundermin will have the right, upon giving notice in writing to the Warrant holders, to accelerate the expiry date of the Warrants to the date that is 30 days from the date that notice was provided.

Subject to the rules of the TSX Venture Exchange, Thundermin will pay eligible finders a fee consisting of cash and/or shares on that portion of the Offering that is arranged by the eligible finders.

The proceeds of the Offering will be used to fund Thundermin's exploration projects in Canada that qualify as "Canadian exploration expenses" under the Income Tax Act (Canada) and for general working capital purposes. In particular, Thundermin will use the funds raised from the FT Units to fund its 50% share of an approximately $600,000 diamond drilling program that Thundermin and joint venture partner, Rambler Metals and Mining Canada Limited, intend to undertake on the Little Deer Copper Deposit located approximately 10 km north of Springdale in north-central Newfoundland. The purpose of this program, which will commence by mid-January, is to expand resources at Little Deer and to commence upgrading inferred resources to indicated resources which is required before a pre-feasibility study can be undertaken.

About Thundermin

Thundermin is a Canadian-based mineral exploration company focused on the exploration for and the discovery of economically viable base metal and gold deposits in Canada. Thundermin has an interest in, or the right to earn an interest in 12 base metal and gold properties in Canada. Thundermin owns a 100% interest in the Lebel Township gold property, which is located on the Kirkland Lake Main Break in the prolific Kirkland Lake gold camp. Thundermin has the right to earn a 100% interest in eight exploration licenses covering a large portion of the Stirling volcanogenic massive zinc-lead-copper-silver-gold sulphide belt located on Cape Breton Island, Nova Scotia. An initial diamond drill program undertaken on the property in 2012 was successful in intersecting copper mineralization in porphyritic volcanic rocks similar to those known to host massive sulphide deposits elsewhere. Thundermin has royalty interests in 12 base metal and gold properties located in Manitoba, Saskatchewan, British Columbia and Quebec, the most significant being a 2.5% net smelter return royalty in the Pelletier Lake gold deposit which is under option to QMX Gold Corporation. The Pelletier Lake property is currently in arbitration with Thundermin aiming to regain full ownership of the property. Thundermin also has various shareholdings in twelve other junior resource companies exploring for base metal, gold, chrome, and diamond deposits in Canada.

Forward-Looking Statements

This news release may contain "Forward-Looking Statements" that involve risks and uncertainties, such as statements of Thundermin's plans, objectives, strategies, intentions and expectations. The words "potential," "anticipate," "forecast," "believe," "estimate," "expect," "may," "project," "plan," and similar expressions are intended to be among the statements that identify "Forward-Looking Statements". Although Thundermin believes that its expectations reflected in these "Forward-Looking Statements" are reasonable, such statements may involve unknown risks, uncertainties and other factors disclosed in our regulatory filings that can be viewed on the SEDAR website at For us, uncertainties arise from the behavior of financial and metals markets and from numerous other matters of national, regional, and global scale, including those of an environmental, climatic, natural, political, economic, business, competitive, or regulatory nature. These uncertainties may cause our actual future results to be materially different than those expressed in our "Forward-Looking Statements". Although Thundermin believes the facts and information contained in this news release to be as correct and current as possible, Thundermin does not warrant or make any representation as to the accuracy, validity or completeness of any facts or information contained herein and these statements should not be relied upon as representing its views subsequent to the date of this news release.


For further information on Thundermin Resources Inc. please visit Thundermin's website at or the SEDAR website at

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