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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% | 1.05 | 1.00 | 1.10 | 1.05 | 1.05 | 1.05 | 108,146 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Misc Nonmtl Minrls, Ex Fuels | 0 | -520k | -0.0019 | -5.53 | 2.93M |
TIDMTHR
RNS Number : 1630C
Thor Mining PLC
11 April 2017
11 April 2017
THOR MINING PLC
EXERCISE OF WARRANTS
The Board of Thor Mining Plc ("Thor" or the "Company") (AIM, ASX: THR), advises that it has received a binding warrant exercise notice for the exercise of 762,365 warrants over ordinary shares of 0.01 pence each in the capital of the Company ("Ordinary Shares"), each with an exercise price of 0.9 pence per warrant. The gross proceeds of the exercise of these warrants amounts in aggregate to GBP6,861.
Application has been made for 762,365 new Ordinary Shares, which rank pari passu with the Company's existing issued ordinary share capital, to be admitted to trading on the AIM Market of the London Stock Exchange ("AIM"). Dealings on AIM are expected to commence at 8.00 a.m. on or around 13 April 2017 ("Admission").
Total Voting Rights
For the purposes of the Financial Conduct Authority's Disclosure Guidance and Transparency Rules ("DTRs"), following Admission, Thor will have 373,013,208 Ordinary Shares in issue with voting rights attached. Thor holds no shares in treasury. This figure of 373,013,208 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 Company, under the ASX Listing Rules or the DTRs.
Mr Mick Billing, Executive Chairman of Thor: "This continued support from our investors is very pleasing. We hope that the anticipated assay results from recent drilling at Pilot Mountain provide a compelling case for follow up work, and funds raised via exercise of warrants can contribute towards this."
ASX Appendix 3B
The following Appendix 3B has been announced on the Australian Securities Exchange ("ASX"), as required under the listing rules of the ASX.
Rule 2.7, 3.10.3, 3.10.4, 3.10.5
Appendix 3B
New issue announcement,
application for quotation of additional securities
and agreement
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.
Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12
Name of entity Thor Mining PLC --------------- ABN 121 117 673 -----------
We (the entity) give ASX the following information.
Part 1 -- All issues
You must complete the relevant sections (attach sheets if there is not enough space).
1 +Class of +securities (a) Ordinary shares / issued or to be CDIs issued (b) Ordinary Shares 2 Number of +securities (a) Transfers of 3,886,341 issued or to be from AIM listed shares issued (if known) on the AIM Market of the or maximum number London Stock Exchange, which may be issued to ASX listed CDI's, during the period 19 March 2017 to 9 April 2017. (b) Issue of 762,365 Ordinary Shares, in the UK, on 10 April 2017, as a result of the exercise of unlisted options (termed warrants in the UK). Expiry date was 27 July 2018. Thereby increasing the total number of securities, listed on both AIM and ASX, to 373,013,208 as at 10 April 2017. 3 Principal terms This represents: of the +securities (a) Transfers between (eg, if options, AIM listed shares on the exercise price AIM Market of the London and expiry date; Stock Exchange, and ASX if partly paid listed CDI's. +securities, the (b) Issue of 762,365 Ordinary amount outstanding Shares in the UK on 10 and due dates April 2017, as a result for payment; if of the exercise of unlisted +convertible securities, options (termed warrants the conversion in the UK). Expiry date price and dates was 27 July 2018. for conversion) ---------------------------------------- 4 Do the +securities (a) Yes. rank equally in all respects from the date of allotment with an existing +class of quoted +securities? (b) Yes. If the additional securities do not rank equally, please state: * the date from which they do * the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment * the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment ---------------------------------------- 5 Issue price or (a) N/A consideration (b) Option exercise price of GBP0.009 per share. ---------------------------------------- 6 Purpose of the (a) N/A issue (b) Issue of 762,365 Ordinary (If issued as Shares in the UK on 10 consideration April 2017, as a result for the acquisition of the exercise of unlisted of assets, clearly options (termed warrants identify those in the UK). assets) ---------------------------------------- 6a Is the entity Yes an +eligible entity that has obtained security holder approval under rule 7.1A? If Yes, complete sections 6b - 6h in relation to the +securities the subject of this Appendix 3B, and comply with section 6i ---------------------------------------- 6b The date the security 24 November 2016 holder resolution under rule 7.1A was passed ---------------------------------------- 6c Number of +securities N/A issued without security holder approval under rule 7.1 ---------------------------------------- 6d Number of +securities N/A issued with security holder approval under rule 7.1A ---------------------------------------- 6e Number of +securities N/A issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting) ---------------------------------------- 6f Number of securities (a) N/A issued under an (b) 762,365 exception in rule 7.2
---------------------------------------- 6g If securities N/A issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the issue date and both values. Include the source of the VWAP calculation. ---------------------------------------- 6h If securities N/A were issued under rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements. ---------------------------------------- 6i Calculate the Refer attached Annexure entity's remaining 1 issue capacity under rule 7.1 and rule 7.1A - complete Annexure 1 and release to ASX Market Announcements ---------------------------------------- 7 Dates of entering (a) Transfers 19 March +securities into 2017 to 9 April 2017 uncertificated (b) 10 April 2017 holdings or despatch of certificates ---------------------------------------- Number +Class ---------------- --------------------- Number and +class of all +securities Ordinary Shares quoted on ASX quoted by (including the ASX ("THR" as securities in CDIs) as at 10 8 section 2 if applicable) 122,185,270 April 2017. ---------------- --------------------- Ordinary Shares admitted to the AIM Market of the London Stock Exchange, as at 10 April 2017. Unlisted Options: 1.25 pence unlisted warrants expiring 1 December 2018. 1.25 pence unlisted warrants expiring 5 March 2019. 1.25 pence unlisted warrants expiring 7 April 2019. 1.25 pence unlisted warrants expiring 11 April 2019. 1.25 pence unlisted warrants expiring 250,827,938 26 July 2019. Number and +class 48,000,000 1.25 pence unlisted of all +securities 16,000,000 warrants expiring not quoted on 40,000,000 2 September 2019. ASX (including 13,840,000 0.9 pence unlisted the securities 20,000,000 warrants in section 2 if 10,000,000 expiring 27 July 9 applicable) 20,445,132 2018. ---------------- --------------------- 10 Dividend policy No Policy (in the case of a trust, distribution policy) on the increased capital (interests) ---------------------------------------
Part 2 -- Bonus issue or pro rata issue - Not Applicable
Part 3 -- Quotation of securities
You need only complete this section if you are applying for quotation of securities
34 Type of securities (tick one) (a) ü Securities described in Part 1 ------- (b) All other securities Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities
Entities that have ticked box 34(a)
Additional securities forming a new class of securities
Tick to indicate you are providing the information or documents 35 If the +securities are +equity securities, the names of the 20 largest holders of the additional +securities, and the number and percentage of additional +securities held by those holders 36 If the +securities are +equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 and over 37 A copy of any trust deed for the additional +securities
Entities that have ticked box 34(b)
38 Number of securities for which +quotation is sought 39 Class of +securities for which quotation is sought ---------------------------- 40 Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities? If the additional securities do not rank equally, please state: * the date from which they do * the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment * the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 41 Reason for request for quotation now Example: In the case of restricted securities, end of restriction period (if issued upon conversion of another security, clearly identify that other security) ---------------------------- Number +Class ------------- ------------- 42 Number and +class of all +securities quoted on ASX (including the securities in clause 38) ------------- -------------
Quotation agreement
1 +Quotation of our additional +securities is in ASX's absolute discretion. ASX may quote the +securities on any conditions it decides.
2 We warrant the following to ASX.
-- The issue of the +securities to be quoted complies with the law and is not for an illegal purpose.
-- There is no reason why those +securities should not be granted +quotation.
-- An offer of the (+) securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.
Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty
-- Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any +securities to be quoted and that no-one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted.
-- If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted.
3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.
4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.
Sign here: .............................. Date: 10 April 2017
(Company Secretary)
Print name: Ray Ridge
== == == == ==
Appendix 3B - Annexure 1
Calculation of placement capacity under rule 7.1 and rule 7.1A for (+) eligible entities
Introduced 01/08/12
Part 1
Rule 7.1 - Issues exceeding 15% of capital ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Step 1: Calculate "A", the base figure from which the placement capacity is calculated ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Insert number of fully as at 9 April 2016 181,455,501 paid ordinary securities (4,536,387,510 pre-consolidation) on issue 12 months before date of issue or agreement to issue ------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Add the following: * Number of fully paid ordinary securities issued in that 12 month period under an exception in rule 7.2 Placement (1/6/16) 13,440,000 (approved 23 June 2016) (pre consolidation 336,000,000) * Number of fully paid ordinary securities issued in that 12 month period with shareholder approval Placement (24/6/16) 34,560,000 (approved 23 June 2016) (pre consolidation 864,000,000) Placement (5/9/16) 16,000,000 (approved 6 October 2016) (pre consolidation 400,000,000) * Number of partly paid ordinary securities that became fully paid in that 12 month period Placement (7/10/16) 40,000,000 Note: (approved 6 October * Include only ordinary securities here - other classes 2016) of equity securities cannot be added (pre consolidation 1,000,000,000) * Include here (if applicable) the securities the Placement (11/10/16) subject of the Appendix 3B to which this form is 13,840,000 annexed (approved 6 October 2016) (pre consolidation 346,000,000) * It may be useful to set out issues of securities on different dates as separate line items Remuneration (25/11/2016) 17,862,839 (approved 24 November 2016) (pre consolidation 446,570,973) Issue - options exercised 1,780,026 (Issued 17/3/17) Issue - options exercised 3,312,477 (Issued 20/3/17) Issue - options exercised 762,365 (Issued 10/4/17) ------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Subtract the number of fully paid ordinary securities cancelled during that 12 month period 0 ------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- "A" 323,013,208 ------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Step 2: Calculate 15% of "A" ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- "B" 0.15 [Note: this value cannot be changed] ------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Multiply "A" by 0.15 48,451,981 ------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Step 3: Calculate "C", the amount of placement capacity under rule 7.1 that has already been used ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Insert number of equity securities issued or Placement Shares (27/01/17) agreed to be issued 18,284,166 in that 12 month period Warrants (27/01/17) not counting those 26,300,000 issued: * Under an exception in rule 7.2 * Under rule 7.1A * With security holder approval under rule 7.1 or rule 7.4 Note: * This applies to equity securities, unless specifically excluded - not just ordinary securities * Include here (if applicable ) the securities the subject of the Appendix 3B to which this form is annexed
* It may be useful to set out issues of securities on different dates as separate line items ------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- "C" 44,584,166 ------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Step 4: Subtract "C" from ["A" x "B"] to calculate remaining placement capacity under rule 7.1 ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- "A" x 0.15 Note: number must be same as shown in Step 2 48,451,981 ------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Subtract "C" Note: number must be same as shown in Step 3 44,584,166 ------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Total ["A" x 0.15] 3,867,815 - "C" [Note: this is the remaining placement capacity under rule 7.1] ------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Part 2
Rule 7.1A - Additional placement capacity for eligible entities -------------------------------------------------------------------------------------------- Step 1: Calculate "A", the base figure from which the placement capacity is calculated -------------------------------------------------------------------------------------------- "A" Note: number must be same as shown in Step 1 of Part 1 323,013,208 -------------------------------------------------------------- ---------------------------- Step 2: Calculate 10% of "A" -------------------------------------------------------------------------------------------- "D" 0.10 Note: this value cannot be changed -------------------------------------------------------------- ---------------------------- Multiply "A" by 0.10 32,301,320 -------------------------------------------------------------- ---------------------------- Step 3: Calculate "E", the amount of placement capacity under rule 7.1A that has already been used -------------------------------------------------------------------------------------------- Insert number of equity Placement Shares (27/01/17) securities issued or 31,715,834 agreed to be issued in that 12 month period under rule 7.1A Notes: * This applies to equity securities - not just ordinary securities * Include here - if applicable - the securities the subject of the Appendix 3B to which this form is annexed * Do not include equity securities issued under rule 7.1 (they must be dealt with in Part 1), or for which specific security holder approval has been obtained * It may be useful to set out issues of securities on different dates as separate line items -------------------------------------------------------------- ---------------------------- "E" 31,715,834 -------------------------------------------------------------- ---------------------------- Step 4: Subtract "E" from ["A" x "D"] to calculate remaining placement capacity under rule 7.1A ---------------------------------------------------------------------------------------------------- "A" x 0.10 Note: number must be same as shown in Step 2 32,301,320 ------------------------ -------------------------------------------------------------------------- Subtract "E" Note: number must be same as shown in Step 3 31,715,834 ------------------------ -------------------------------------------------------------------------- Total ["A" x 0.10] - "E" 585,486 Note: this is the remaining placement capacity under rule 7.1A ------------------------ --------------------------------------------------------------------------
Enquiries:
Mick Billing +61 (8) 7324 Thor Mining Executive 1935 PLC Chairman Ray Ridge +61 (8) 7324 Thor Mining CFO/Company 1935 PLC Secretary Colin Aaronson/ +44 (0) 207 383 Grant Thornton Nominated Daniel Bush/ 5100 UK LLP Adviser Richard Tonthat Elliot Hance +44 (0) 207382 Beaufort Securities Joint Broker 8300 Limited Nick Emerson +44 (0) 1483 SI Capital Ltd Joint Broker / Andy Thacker 413 500 Tim Blythe/ +44 (0) 207 138 Blytheweigh Financial Camilla Horsfall 3222 PR
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
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, and on the Company's twitter page @ThorMining.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
April 11, 2017 03:03 ET (07:03 GMT)
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