05:47:45 EST Thu 27 Nov 2025
Enter Symbol
or Name
USA
CA



Thunderstruck Resources Ltd (2)
Symbol AWE
Shares Issued 53,439,072
Close 2025-11-26 C$ 0.045
Market Cap C$ 2,404,758
Recent Sedar Documents

Thunderstruck issues 3.1M shares for debt of $155,000

2025-11-27 04:31 ET - News Release

Mr. Bryce Bradley reports

THUNDERSTRUCK COMPLETES DEBT SETTLEMENT

Further to the press release dated Oct. 24, 2025, Thunderstruck Resources Ltd. has completed the debt settlement with its chief executive officer, Bryce Bradley, settling $155,000 of unpaid salary, accrued over a 31-month period, through the issuance of 3.1 million common shares of the company at a deemed price of five cents per share. The settlement shares are subject to resale restrictions under applicable Canadian securities legislation until March 27, 2026.

The debt settlement is a related-party transaction under Policy 5.9 of the TSX Venture Exchange and Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions), but is exempt from the minority approval and formal valuation requirements of MI 61-101 pursuant to subsections 5.5(a) and 5.7(1)(a) of MI 61-101 as neither the fair market value of the debt, nor the fair market value of the shares to be issued in settlement of the debt exceeds 25 per cent of the company's market capitalization.

In addition, the company also wishes to announce that it has granted 1.83 million stock options in accordance with its stock option plan to directors, employees and consultants, with each option being exercisable into one common share at a price of five cents per share for a period of five years.

Early warning disclosure

As noted above, upon closing of the debt settlement, Ms. Bradley acquired 3.1 million common shares. When combined with the securities previously held by Ms. Bradley, she now beneficially owns a total of 6,067,356 shares, representing 10.73 per cent of the total issued and outstanding shares on an undiluted basis and 15.18 per cent on a partially diluted basis. Prior to closing, Ms. Bradley beneficially owned 2,967,356 shares, representing 5.55 per cent of the total issued and outstanding shares on an undiluted basis and 10.28 per cent on a partially diluted basis. The aggregate value of the 3.1 million common shares issued to Ms. Bradley is $155,000. The common shares were acquired for investment purposes, and, in the future, additional securities of the company may be acquired or disposed of by Ms. Bradley as circumstances or market conditions may warrant. An early warning report will be filed by Ms. Bradley with applicable Canadian securities regulatory authorities. To obtain a copy of the related early warning report, please contact the company by e-mail at info@thunderstruck.ca.

About Thunderstruck Resources Ltd.

Thunderstruck Resources is a Canadian mineral exploration company focused on the discovery of high-value copper-gold porphyry, gold-silver epithermal and volcanogenic massive sulphide base metal deposits on the main island of Viti Levu in Fiji.

Fiji has a long history of mining with over 75 years of activity at the prolific Vatukoula gold mine alongside several other advanced development projects and mines including Tuvatu (Lion One Metals), indicated resources of 1.00 million tonnes of 8.48 grams per tonne gold (274,600 ounces) and inferred resources of 1.33 Mt of 9.0 g/t Au (384,000 oz) (Tuvatu PEA update, National Instrument 43-101), and Namosi (Newmont), proven, measured and indicated resources of 1.8 billion tonnes at 0.35 per cent copper and 0.11 g/t Au (6.4 million ounces Au and 6.3 million tonnes Cu) (Newcrest annual mineral resources update, June, 2022).

The company provides investors with exposure to a diverse portfolio of exploration-stage projects with potential for zinc, copper, gold and silver in a politically safe and stable jurisdiction. Thunderstruck trades on the TSX Venture Exchange under the symbol AWE and United States OTC under the symbol THURF.

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