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Thundermin Resources Inc. ("Thundermin") (TSX: THR) is pleased to announce that it has raised $300,000 (the "Offering") by way of a non-brokered private placement with MineralFields Group ("MineralFields"). The Offering consists of 3,000,000 units ("Units") at a price of $0.10 per Unit. Each Unit consists of one flow-through common share and one-half of one common share purchase warrant. Each whole common share purchase warrant will entitle the holder to purchase an additional common share at a price of $0.15 per share for a period of 18 months. In the event that Thundermin's shares trade at a price of $0.30 or more over a period of at least 20 consecutive trading days, Thundermin will have the right to accelerate the exercise of the warrants to 30 days by providing written notice to the warrant holder. In addition, Thundermin raised $50,000 by way of a private placement with an accredited investor (the "Investor"). The Investor received 500,000 Units at a price of $0.10 per Unit. Each Unit consists of one flow-through common share and one half of one common share purchase warrant. Each whole common share purchase warrant will entitle the Investor to purchase an additional common share for $0.15 per share for a period of 18 months. The warrants issued to the Investor are also subject to the early call provision as described above. The net proceeds from the financings will be used to fund Thundermin's exploration activities in Canada. Thundermin will incur and renounce qualifying Canadian Exploration Expenditures under the Income Tax Act (Canada) to MineralFields and the Investor in an amount equal to the subscription price of such shares. MineralFields Group (a division of Pathway Asset Management) is a Toronto-based mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada during most of the calendar year, as well as hard-dollar resource limited partnerships to investors throughout the world. Information about the MineralFields Group is available at www.mineralfields.com. This document may contain or refer to forward-looking information based on current expectations. Forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. These forward-looking statements are made as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. |
The Supreme Court's ruling today will allow the money of corporate interests to flood the political process, will undermine free and fair elections and further erode voters' confidence in our system of Democracy
Democratic National Committee (DNC) Chairman Tim Kaine released the following statement after the Supreme Court's decision on the Citizens United campaign finance case today:
(Logo: http://www.newscom.com/cgi-bin/prnh/20080519/DNCLOGO)
"The Supreme Court's ruling today will allow the money of corporate interests to flood the political process, will undermine free and fair elections and further erode voters' confidence in our system of Democracy. It is a major victory for oil companies, banks, health insurance companies and other special interests that already use their power over Washington to drown out the voices of regular Americans.
"As we said in our amicus brief on this case, restrictions on corporate influence over elections are necessary if we are to have a system that allows actual voters and candidates to be heard and if we are to encourage the record number of small donors who participated in the 2008 election to remain involved. This ruling changes the rules just as more small donors are beginning to play a greater role in the political process.
"Voters are angry and anxious because they believe the system is tilted against them and instead is designed to benefit the special interests. The concerns of voters are well founded -- as we have seen over and over again how armies of corporate lobbyists descend on Capitol Hill to fight everything from health care and financial regulatory reform to efforts to lower energy costs and reverse the effects of global climate change. This ruling undermines the free speech rights of citizens whose views will be drowned out by wealthy corporate interests whose aim will not just be to influence which candidates get elected -- but how they vote once they are in office.
"Not surprisingly, Republicans have hailed this decision -- the same Republicans who have stood with corporate America year after year to block any measure that would benefit Middle Class Americans at the expense of the corporate bottom line. Republicans are tone deaf if they believe that the anger and disgust that voters have right now towards our political system is not borne in large part out of their rightful belief that the corporate special interests have too much sway over elected officials and public policy. On this, Republicans are again taking the side of the special interests over the people's interests.
"President Obama has said that his Administration will immediately work with Congress to develop a forceful response to this decision which, in the public interest, simply must not be allowed to stand."
Photo: http://www.newscom.com/cgi-bin/prnh/20080519/DNCLOGOhttp://photoarchive.ap.orgPRN Photo Desk, photodesk@prnewswire.com
Democratic National Committee
CONTACT: Ricardo A. Ramirez of the Democratic National Committee,+1-202-863-8148
Web site: http://www.democrats.org/






