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Thundermin Announces Non-Brokered Private Placement of Up to $1,500,000
Published : November 29, 2011
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Keywords :   Canada | Chrome | Climatic | Copper | Diamond | Gold | Lead | Market | Silver | Titanium | Vanadium |

TORONTO, ONTARIO--(Marketwire - Nov. 29, 2011) - Thundermin Resources Inc. ("Thundermin") (News - Market indicators) announces that it intends to raise, subject to regulatory approval and closing, up to $1,500,000 (the "Offering") in a non-brokered private placement.

The Offering will consist of up to $1,250,000 in flow-through units (the "FT Units") at a price of $0.13 per FT Unit and up to $250,000 in non flow-through units (the "Normal Units") at a price of $0.105 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 (the "Warrant"). Each Normal Unit will consist of one common share and one half of one non-transferable common share purchase warrant (the "Warrant"). Each whole Warrant will entitle the holder to purchase an additional common share of Thundermin at a price of $0.20 per share for a period of 18 months from the date of closing of the Offering. Each Warrant will be subject to an early call provision. In the event that Thundermin's shares trade at a weighted average price of $0.40 or more per share 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.

Thundermin will pay a cash commission of 6% of the gross proceeds from the sale of the FT Units and the Normal Units to finders (the "Finders") on that portion of the Offering that is arranged by the Finders. On the closing of the Offering, the Finders will also be granted finders options (the "Finders Options") equal in number to 6% of the aggregate number of FT Units and Normal Units sold on that portion of the Offering arranged by the Finders. The Finders Options may be exercised at a price of $0.13 per common share at any time for a period of 18 months from the closing of the Offering.

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, the funds raised from the FT Units will be used to fund Diamond drilling programs on the Little Deer and Whalesback Copper Deposits located approximately 10 km north of Springdale in north-central Newfoundland, for an initial Diamond drilling program on Thundermin's Lebel gold property located in Kirkland Lake and for additional geophysical surveys and Diamond drilling on Thundermin's Stirling zinc-lead-copper-silver-gold project on Cape Breton Island, Nova Scotia.

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. The most significant of these is the Little Deer copper property in the Springdale area of Newfoundland where Thundermin and 50% joint venture partner Cornerstone Resources Inc. have outlined Indicated Mineral Resources of 1,911,000 tonnes grading 2.37% copper and Inferred Mineral Resources of 3,748,000 tonnes grading 2.13% copper. A positive Preliminary Economic Assessment was announced for the Little Deer project on November 1, 2011. Thundermin also has royalty interests in a further 28 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 Alexis Minerals Corporation. Thundermin also has various shareholdings in thirteen other junior resource companies that are actively exploring for base metal, gold, chrome, vanadium-titanium 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 www.sedar.com. 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 www.thundermin.com or the SEDAR website at www.sedar.com.



Thundermin Resources Inc.
John B. Heslop
President & CEO
(647) 344-1167
or
Thundermin Resources Inc.
James W. Gill
Chairman
(416) 450-1851
info@thundermin.com
www.thundermin.com
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Thundermin Resources Inc

PRODUCER
CODE : THR.TO
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Thundermin is a zinc and gold producing company based in Canada.

Thundermin holds various exploration projects in Canada.

Its main asset in production is PELLETIER LAKE (STADACONA MINE) in Canada and its main exploration properties are LAC PELLETIER, ROD-LINDA-MCKAYSEFF (RLM), SCOTT LAKE, CAPE RAY, LITTLE DEER, DONALDA, PELLETIER LAKE and WESTARM MINE in Canada.

Thundermin is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 1.8 millions as of today (US$ 1.8 millions, € 1.3 millions).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 0.58, and its lowest recent point on September 27, 2013 at CA$ 0.01.

Thundermin has 92 207 000 shares outstanding.

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Annual reports of Thundermin Resources Inc
2008 Annual Report
Financings of Thundermin Resources Inc
1/3/2012Completes $1,219,140 Flow Through Private Placement
11/29/2011Announces Non-Brokered Private Placement of Up to $1,500,000
2/11/2011Arranges Up to $1,750,000 Flow Through Private Placement
Financials of Thundermin Resources Inc
4/14/2011. Re-Files September 30, 2010 Interim Financial Statements t...
Project news of Thundermin Resources Inc
10/16/2013(Little Deer)and Rambler Metals Become Joint Venture Partners on the Litt...
7/30/2013(Little Deer)Receives Offer from Cornerstone to Purchase Cornerstone's 50...
12/20/2011and Cornerstone File NI 43-101 Technical Report and Prelimin...
8/31/2011(Little Deer)and Cornerstone Exercise Their Option to Acquire A 100% Inte...
6/16/2011(Little Deer)and Cornerstone Report Final Drill Results for the First Hal...
Corporate news of Thundermin Resources Inc
9/13/2013. Responds to TSX Bulletin
8/13/2013.-Toronto Stock Exchange Listing
11/1/2012Discovers Additional Copper Mineralization on the Stirling B...
7/24/2012Commences 2,000 Metre Diamond Drilling Program on the Stirli...
6/28/2012and Cornerstone Retain P&E Mining Consultants Inc. to Undert...
5/10/2012and Cornerstone Extend Copper Mineralization at the Whalesba...
2/23/2012and Cornerstone Intersect High Grade Copper Mineralization a...
12/5/2011Receives Encouraging Results from a First Phase Exploration ...
8/9/2011(Little Deer)and Cornerstone File NI 43-101 Technical Report on Sedar in ...
7/21/2011Executes Formal Agreement to Earn a 100% Interest in a Large...
6/22/2011and Cornerstone Announce 66% Increase in Indicated and 61% I...
4/26/2011(Little Deer)& Cornerstone Intersect High Grade Copper Over Mineable Widt...
3/22/2011and Cornerstone Intersect 4.1% Copper Over 10.6 m and 4.5% C...
3/4/2011Completes $1 Million Flow Through Private Placement
10/31/2007 and Cornerstone intersect 2.5% Cu over 5.5 m at the Little ...
5/1/200707-09 - Cornerstone and Thundermin to Acquire 100% Interest ...
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