TNRG THUNDER ENERGIES CORP

Thunder Energies Signs $40 Million Funding Agreement

Thunder Energies Signs $40 Million Funding Agreement

ATLANTA, GA, May 26, 2022 (GLOBE NEWSWIRE) -- THUNDER ENERGIES CORP. [OTC Pink: TNRG ] President Ricardo Haynes, and Turvata Holdings Limited (Dubai) Executive Chairman Duane Lee, announce the execution of a $40 million dollar cryptocurrency 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:

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:

P: 570.468.2205                                                       

Donald R. Keer, P.E., Esq.

Corporate Counsel

Thunder Energies Corp.

3663 Greenwood Circle

Chalfont, PA 18914

215-962-9378







EN
26/05/2022

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on THUNDER ENERGIES CORP

 PRESS RELEASE

TNRG Requests OTCQB Listing, Plans Reg A Offer

TNRG Requests OTCQB Listing, Plans Reg A Offer ATLANTA, GA, Jan. 17, 2023 (GLOBE NEWSWIRE) -- THUNDER ENERGIES CORP (OTC: TNRG) announces that it has applied to be listed and participate in the OTC Markets venture capital link software, OTCQB. The company added that the current reports the company has filed with the SEC have remedied delinquent Securities and Exchange Commission 10Q reports for 2022 and the annual 10K report for 2021, all prepared by the professional auditing firm of Paris Kreit & Chiu CPA as independent outside auditors and SEC registered auditor. A public company...

 PRESS RELEASE

Thunder Energies Reports Nevada Mining Property Value

Thunder Energies Reports Nevada Mining Property Value ATLANTA, Jan. 12, 2023 (GLOBE NEWSWIRE) -- via InvestorWire -- THUNDER ENERGIES CORP (: TNRG) reports the fair market value assessment issued by the engagement of Lane A. Griffin, a professional geologist, to assess the reserves of gold and other valuable minerals present at Thunder Energies' Nevada mining property. The valuation is based on his visits to the 3,200 acre parcel in northeast Nevada, nearby mining activity and reports, as well as rock sample results, independently examined, that Griffin collected. American Assay, Spa...

 PRESS RELEASE

Thunder Energies Partners With Las Vegas Aces of WNBA

Thunder Energies Partners With Las Vegas Aces of WNBA ATLANTA, GA, Dec. 20, 2022 (GLOBE NEWSWIRE) -- THUNDER ENERGIES CORP (OTC: TNRG) announces that company management has negotiated a partnership and marketing agreement with the Las Vegas Aces of the WNBA. "We are beyond excited to add an organization as dynamic as TNRG as a significant partner within the Aces championship family, further strengthening their ties within the Nevada community," said Nikki Fargas, President of the Las Vegas Aces.  "As likeminded organizations, working together we will be able to change multiple indust...

 PRESS RELEASE

Thunder Energies Now SEC Compliant, Plans Uplist

Thunder Energies Now SEC Compliant, Plans Uplist ATLANTA, GA, Dec. 20, 2022 (GLOBE NEWSWIRE) -- THUNDER ENERGIES CORP (OTC: TNRG) reports the company has filed delinquent Securities and Exchange Commission 10Q reports for 2022 and the annual 10K report for 2021, all prepared by the professional auditing firm of Paris Kreit & Chiu CPA as independent outside auditors and SEC registered auditor. TNRG has also updated its required documentation with OTC Markets, an industry oversight body. This is an important step in removal of restrictions on the full trading of TNRG's common s...

 PRESS RELEASE

Thunder Energies Engages Geological Experts For Gold and Minerals Asse...

Thunder Energies Engages Geological Experts For Gold and Minerals Assessment ATLANTA, GA, Sept. 26, 2022 (GLOBE NEWSWIRE) -- THUNDER ENERGIES CORP (OTC: TNRG) has announced the engagement of Lane A. Griffin, a professional geologist, to assess the reserves of gold and other valuable minerals present at Thunder Energies' Nevada mining property. Initial exploratory work will include extensive drone flyovers of the property. This will help identify the best possible locations for surface mining. Thunder Energies entered into a joint venture and partnership agreement with Fourth a...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch