Thunderbird Resources (AU:THB) has released an update.
Thunderbird Resources Limited has announced the issuance of 44,913,162 new shares to sophisticated and professional investors at $0.03 each, under certain Australian Securities Exchange rules, without a disclosure document. The company has confirmed compliance with relevant sections of the Corporations Act 2001 and reports no undisclosed ‘excluded information’. Thunderbird, primarily engaged in uranium exploration in Canada, has recently streamlined its portfolio by selling two copper projects in Peru, maintaining significant leverage through an 8% shareholding in Firetail Resources.
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