Blue Thunder Mining Inc. (TSXV: BLUE) (OTCQB: BLTMF) (“Blue Thunder” or the “Company”) announces that it has extended the closing of its previously announced non-brokered private placement (the “Offering”) of up to C$500,000 to August 18, 2022.
The terms of the Offering remain unchanged from those set out in the press release dated July 4, 2022 and comprise a total of 33,333,333 units of the Company (each, a “Unit”) at a price of C$0.015 per Unit, each Unit comprising one common share and one common share purchase warrant (a “Warrant”). Each Warrant will be exercisable to purchase an additional share of the Company at a price of C$0.05 for a period of three years, subject to early acceleration in certain conditions.
Insiders will be among the significant participants. Shareholders wishing to participate in the Offering should contact the Company through Grove Issuer Services Inc. at [email protected].
The Offering remains subject to receipt of all necessary approvals, including the approval of the TSX Venture Exchange.
The securities offered have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from registration requirements. This news release does not constitute an offer for sale of securities in the United States.
About Blue Thunder
Blue Thunder (TSXV: BLUE) (OTCQB: BLTMF) is a gold exploration company that controls 100% of one of the largest land positions near the Chapais-Chibougamau gold district of Quebec with significant historical production and major recent discoveries. The project is situated on the two major regional trends hosting IAMGOLD’s Nelligan and Northern Superior Resources Lac Surprise to the south and IAMGOLD’s Monster Lake to the north with excellent highway and road access. The Muus Project covers approximately 51,000 hectares in five separate blocks of prospective ground in the eastern part of the Abitibi Greenstone Belt. The Project is considered particularly prospective for gold mineralization, as a series of prominent ductile and brittle fault-sets transect the Property, including the Guercheville and Fancamp deformation zones, both of which are associated with numerous past and currently producing precious- and base-metal mines in the District.
ON BEHALF OF THE BOARD
Chad Williams,
Non-Executive Chairman and Director
Blue Thunder Mining Inc.
401 Bay Street, Suite 2704,
P.O. Box 4, Toronto, Ontario, M5H 2Y4
For more information, please visit our website bluethundermining.com, or contact: Ms. Namrata Malhotra: [email protected]
