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Thundelarra's A$5.1M share purchase plan gets 36% take-up

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Thundelarra's A$5.1M share purchase plan gets 36% take-up

Perth, Australia-based Thundelarra Ltd. closed its onJune 30 raising approximately A$1.8 million, according to a July 6 statement.

The company issued a total of 36,180,000 shares for 5 centsper share, representing a 36% take-up by eligible shareholders.

The company plans to use the proceeds to continue aggressiveexploration of its RedBore copper-gold-silver project in Western Australia, along withdrill testing of deep targets as a priority.

In addition, the company plans to use the funds to pay thecosts of raising the funds; general working capital requirements; and to drilltargets identified from recent geophysical surveys at its Garden Gully, PaynesFind and Mooloogool gold projects.