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Thundelarra raises A$2.5M via share placement

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Thundelarra raises A$2.5M via share placement

ThundelarraLtd. said July 22 that it has raised A$2.5 million by issuing 50million shares at 5 cents each in its placement to professional andsophisticated investors.

Proceeds will be used to fund the company's current drillingprograms testing the deep gravity targets at the Red Bore copper-gold project in WesternAustralia.

The company raised a total of A$4.3 million from thisoffering and a share purchaseplan, which will be used to support follow-up programs at both itsRed Bore and Garden Gully projects, subject to the results of current programs.