Thunder Energies Signs $40 Million Funding Agreement
May 26 2022 - 4:30PM
InvestorsHub NewsWire
ATLANTA, GA -- May 26,
2022 -- InvestorsHub NewsWire -- THUNDER ENERGIES
CORP. [ OTCPK:TNRG
] President Ricardo Haynes, and Turvata Holdings Limited (Dubai)
Executive Chairman Duane Lee, announce the execution of a $40
million dollar crypto currency funding pact with a two year
repayment provision.
The transaction has
resulted in 50,000 RORA COINS being issued and delivered to Thunder
Energies with a trading value set at $800 per coin. Thunder
Energies, in payment for the crypto coin, has issued a convertible
promissory note.
Rora
Coin, cryptocurrency, is an
asset backed cryptocurrency. Operating from offices in Dubai, the
Lithuanian based coin and blockchain firm claims it is developing
the next level, the next standard, in asset based trading
instruments.
Haynes, in announcing the
agreement, stated “Turvata, issuer of the RORA coin, has informed
Thunder Energies that it is backing its trading coin with solid
assets, assets that translate across international boundaries. I am
proud to enter into this agreement which allows Thunder Energies to
build a war chest for
acquisitions.”
Thunder’s president added,
“a forty-million-dollar funding facility, similar to a credit
agreement or line of credit, or a general capital raise such as
with a SPAC, is a powerful tool in today’s business world. This
will place Thunder Energies on a firm footing for executing top
level business events, acquisitions and investments, that will
substantially and quickly add shareholder
value.”
The coin will be listed as
a company asset, with the promissory note recorded as an offsetting
liability. All transactions will be recorded pursuant to
recommendations made by the company’s independent auditors, in
consultation with Turvata and Thunder Energies
management.
For more information about
Thunder Energies, its SEC filings, and business activities, please
visit: www.thunderenergiescorp.com
Safe Harbor Act: This
release includes forward-looking statements made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995 that involves risks and uncertainties including, but
not limited to, the impact of competitive products, the ability to
meet customer demand, the ability to manage growth, acquisitions of
technology, equipment, or human resources, the effect of economic
business conditions, and the ability to attract and retain skilled
personnel. The Company is not obligated to revise or update any
forward-looking statements to reflect events or circumstances that
may arise after the date of this
release.
CONTACT
Investor
Relations
Rick Freeman
CMO
MAJORMEDIA
INC
E:
majormediasales@comcast.net
P:
570.468.2205
Donald R. Keer, P.E.,
Esq.
Corporate Counsel
Thunder Energies
Corp.
3663 Greenwood
Circle
Chalfont, PA 18914
215-962-9378
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