Issue of Equity (0387S)
November 15 2011 - 2:00AM
UK Regulatory
TIDMTHR
RNS Number : 0387S
Thor Mining PLC
15 November 2011
THOR MINING PLC
Issue of Equity
Dated: 15 November 2011
The Directors of Thor Mining PLC ("Thor" or the "Company") (AIM,
ASX: THR, THRO), the exploration company focussed on gold and base
metal projects and advancing tungsten-molybdenum projects in
Australia are pleased to announce that they have raised GBP270,000
(approximately A$424,000) by way of a Placing of 27,000,000 new
Ordinary Shares of 0.3p each in the capital of the Company (the
"Placing") to UK sophisticated clients of Simple Investments at
1.00p.
The Placing is conditional on the 27,000,000 new Ordinary Shares
of 0.3p each in the capital of the Company (the "Placing Shares")
being admitted to trading on AIM.
An application has been made to the London Stock Exchange for
the Placing Shares, which will rank pari passu with the Company's
existing issued Ordinary Shares, to be admitted to trading and
dealings are expected to commence at 8:00 a.m. (GMT) on Tuesday 29
November 2011.
Following the issue of the Placing Shares the Company's total
issued share capital will be 628,512,950 Ordinary Shares of 0.3p
each. In accordance with the Financial Services Authority
Disclosure and Transparency Rules, the Company has 628,512,950
Ordinary Shares of 0.3p each in issue, each share carrying the
right to one vote. The Company does not hold any Ordinary Shares in
Treasury.
The above figure of 628,512,950 Ordinary Shares may be used by
Shareholders in the Company as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change to their interest in, the share capital of
the Company under the Financial Service Authority's Disclosure and
Transparency Rules.
Commenting today, Mick Billing, Executive Chairman of Thor
Mining said:
"We are delighted to have raised these additional funds which
will help to fund the aggressive exploration and evaluation
programmes we have in progress at the Dundas (WA) and Spring Hill
(NT) gold projects, and also to further fund the Molyhil
Tungsten/Molybdenum Project (NT) feasibility study."
Enquiries:
Mick Billing +61 (8) 7324 Thor Mining Executive
1935 PLC Chairman
Allan +61 (8) 7324 Thor Mining CFO/Company
Burchard 1935 PLC Secretary
John Simpson +44 (0)20 Daniel Stewart Nominated
7776 6550 & Co. plc Adviser
Nick Emerson/ +44 (0) 1483 Simple Investments Broker
Renato 413500
Rufus
Alex Walters/ +44 (0) 7771713608 Cadogan PR Financial
Emma Wigan +44 (0) 207839 PR
9260
Updates on the Company's activities are regularly posted on
Thor's website www.thormining.com, which includes a facility to
register to receive these updates by email.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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