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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Thor Energy Plc | LSE:THR | London | Ordinary Share | GB00BRJ52319 | ORD GBP0.001 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.30 | 1.20 | 1.40 | 1.30 | 1.30 | 1.30 | 42,665 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Misc Nonmtl Minrls, Ex Fuels | 0 | -520k | -0.0019 | -6.84 | 3.62M |
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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