Great Thunder Gold Corp. Completes Private Placement
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 $0.10 for a period of five years following the closing of the offering. The company paid a finder's fee of $3,150 and 63,000 broker warrants in respect of the offering. Each broker warrant entitles the holder to purchase a common share of Great Thunder at a price of $0.10 for a period of five years following the closing of the offering. All securities issued in connection with this offering are subject to a four-month hold period expiring September 24, 2013.
Participants in the offering included, directly or indirectly, five directors and officers whose respective interests in the offering and percentage of the Company's shares they beneficially own or control are as follows:
Percentage Beneficially
Owned or Controlled
Units Purchased Undiluted Diluted
Gary Robertson, director 250,000 3.9% 4.5%
James Stewart, director 270,000 5.5% 5.8%
Glen Wallace, CFO 530,000 4.6% 6.8%
Kevin Whelan, President and director 1,000,000 12.4% 15.6%
David Wolfin, director 200,000 1.9% 2.7%
The Company relied 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. The private placement was approved unanimously by the Company's directors not involved in the transaction.
ON BEHALF OF THE BOARD
Kevin C. Whelan
President
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.
Contact
Great Thunder Gold Corp.
Kevin C. Whelan, President
Direct line: (250) 474-6640
info@greatthundergold.com
www.greatthundergold.com