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Thunderbird Announces Private Placement
August 21, 2025
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NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
Vancouver, British Columbia, August 21, 2025 – Thunderbird Minerals Corp. (TSX-V: BIRD) (the “Company”) is pleased to announce a non-brokered private placement consisting of 10,000,000 units (the “Units”) at a price of $0.05 per Unit for gross proceeds of $500,000 (the “Offering”).
Each Unit will consist of one common share of the Company and one- common share purchase warrant (the “Warrants”), with each Warrant entitling the holder to purchase one additional common share (the “Warrant Shares”) at a price of $0.10 per Warrant Share for a period of 12 months following the closing of the Offering (the “Expiry Date”). However, if at any time after expiry of the Statutory Hold Period (as defined below), the closing price of the Issuer’s Common shares on the TSX Venture Exchange is at or above C$0.20 per share for a period of 21 consecutive trading days (the “Triggering Event”), the Issuer may, within 5 days of the Triggering Event, accelerate the Expiry Date by giving notice thereof to the holders of the Warrants, by way of news release, and in such case the Expiry Date will be the first day that is 30 calendar days after the date on which such notice is given by the Issuer announcing the Triggering Event.
Certain insiders of the Company may acquire Units in the Offering. Any participation by insiders in the Private Placement would constitute a “related party transaction” as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). However, the Company expects such participation would be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the fair market value of the Units subscribed for by the insiders, nor the consideration for the Units paid by such insiders, would exceed 25% of the Company’s market capitalization.
The Company intends to use the net proceeds of the Offering for general working capital purposes, including the settlement of current liabilities, ongoing exploration expenditures, option payments in respect of mineral properties, and other corporate and administrative expenses.
The securities issued under the Offering, and any shares that may be issuable on exercise of any such securities, will be subject to a statutory hold period expiring four months and one day from the date of issuance of such securities (the “Statutory Hold Period”).
The Company may pay finder’s fees on a portion of the Offering, subject to applicable securities legislation.
Closing of the Offering is subject to approval of the TSX Venture Exchange.
None of the securities sold in connection with the Offering will be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Thunderbird Minerals Corp.
Thunderbird Minerals is a Canadian junior exploration company focused on high-quality precious and base metal projects in mining-friendly jurisdictions. With a strategic portfolio and a commitment to responsible exploration, Thunderbird aims to deliver shareholder value through discovery and innovation.
John Newell
President and Chief Executive Officer
For additional information, please visit Thunderbird’s website at www.thunderbirdminerals.ca or contact John Newell by telephone (604) 568-8807 or by email at info@thunderbirdminerals.ca or john.newell@thunderbirdminerals.ca.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.