Great Thunder Completes Private Placement
May 27 2013 - 7:30AM
Marketwired Canada
Great Thunder Gold Corp. (TSX VENTURE:GTG) is pleased to report that it has
completed its fully subscribed non-brokered private placement of 4,000,000 units
at a price of $0.05 per unit.
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
FOR FURTHER INFORMATION PLEASE CONTACT:
Great Thunder Gold Corp.
Kevin C. Whelan
President
Direct line: (250) 474-6640
info@greatthundergold.com
www.greatthundergold.com
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