FINANCING/ Thunder flow-through issue
Thunder Energy Inc. Issues 500,000 Flow-Through Shares
CALGARY, ALBERTA--Thunder Energy Inc. (THY - TSE) today advises
that is has issued 500,000 flow-through shares at an issue price
of $2.00 per share for gross proceeds of $1,000,000. The shares
were issued as a partial closing to its previously announced best
efforts private placement of 1,500,000 flow-through shares.
Today's closing, together with the previously announced October
7th closing, brings the total shares sold to date under this
offering to 1,200,000 shares for gross proceeds of $2,400,000.
The remaining 300,000 shares have been reserved for the Petrovest
V Flow-through Share Limited Partnership whereby it has agreed,
subject to certain conditions, to subscribe for up to 500,000
flow-through shares. Closing of this transaction is anticipated
to occur in December.
Thunder Energy is a Calgary-based oil and gas exploration company
operating in Alberta. Current production is estimated at 1,000
bopd and 10 mmcfpd. Thunder's shares are traded on the Toronto
Stock Exchange under the trading symbol "THY".
The flow-through common shares have not been and will not be
registered under the United States Securities Act of 1933 and, as
a result, these securities may not be offered or sold within the
United States.
Visit our website at www.thunderenergy.com
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FOR FURTHER INFORMATION PLEASE CONTACT:
Thunder Energy Inc.
Douglas A. Dafoe
President
(403) 294-1635
(403) 232-1317 (FAX)
thunderenergy.com
thunder@thunderenergy.com
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