TARPON SPRINGS, Fla., Nov. 28, 2018 (GLOBE NEWSWIRE) -- Dr. Ruggero Santilli, CEO of Thunder Energies Corporation (OTCQB:TNRG) announces that the company has filed an S1 registration statement for a 24 month, 3 million dollar investment from GHS Investments for the hiring of qualified technicians and salespersons and the development of corporate cutting-edge neutron, combustion and optical technologies (https://www.otcmarkets.com/filing/html?id=13079706&guid=BMubUKI3pdGbZth).
Under the terms of the financing agreement, GHS Investments agrees to provide up to $3,000,000 over the course of 24 months with the following terms: "The maximum dollar amount of each Put will not exceed two and a half (2.5x) times the average daily trading dollar volume for the Company’s Common Stock during the ten (10) trading days preceding the Put Date. No Put will be made in an amount greater than two hundred thousand dollars ($200,000). Puts are further limited to the Investor owning no more than 9.99% of the outstanding stock of the Company at any given time. The price of the Put shall be eighty percent (80%) of the “Market Price”, which is the lowest traded price for the Company’s Common Stock for ten (10) consecutive trading days preceding the Put Date. There will be a minimum of ten (10) trading days between a Put Notice Date and the Closing of a preceding Put." GHS Investments is a privately held fund focused on small to mid-cap Companies. GHS is industry agnostic and focuses on “super value” companies with a good operating entity and a strong management team.
Dr. Santilli states: "Following 3 years of searching for all available possibilities of funding our new cutting-edge technologies, the Company concluded that funding via an S1 Registration is the most recommendable. After numerous negotiations with various funding groups, I am pleased to announce the above filing of the S1 Registration for funds from GHS Investments that are the most favorable that we were able to identify. This completes the report of our effort for the funding of Thunder Energies and we shall wait for a response from the SEC."
Forward Looking Statements
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.
Dr. Ruggero M. Santilli
Thunder Energies Corporation
info@thunder-energies.com
727-940-3944