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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% | 1.20 | 1.10 | 1.30 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Misc Nonmtl Minrls, Ex Fuels | 0 | -520k | -0.0019 | -6.32 | 3.34M |
TIDMTHR
RNS Number : 0822M
Thor Mining PLC
10 October 2016
Monday, 10 October 2016
THOR MINING PLC
Thor Mining PLC ("Thor" or the "Company")
The Directors of Thor Mining PLC (AIM, ASX: THR) today released the following announcement 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 / CDIs issued or to be b) Ordinary Shares issued c) Unlisted Options (termed warrants in the UK) 2 Number of +securities a) Transfers of 1,500,000 issued or to be to ASX listed CDI's from issued (if known) AIM listed shares on the or maximum number AIM Market of the London which may be issued Stock Exchange, during the period 5 September 2016 to 7 October 2016. b) Issue of 1,000,000,000 Ordinary Shares to sophisticated investors in the UK on 7 October 2016. Thereby increasing the total number of securities, listed on both AIM and ASX, to 7,136,387,510 as at 7 October 2016. c) Issue of 1,000,000,000 unlisted options to sophisticated investors, on the basis of one free option for every one Ordinary Share subscribed for under (b). 3 Principal terms This represents: of the +securities a) Transfers of 1,500,000 (eg, if options, to ASX listed CDI's from exercise price AIM listed shares on the and expiry date; AIM Market of the London if partly paid Stock Exchange, during +securities, the the period 5 September amount outstanding 2016 to 7 October 2016. and due dates b) Issue of 1,000,000,000 for payment; if ordinary shares at a price +convertible securities, of GBP0.00025 (0.025 pence) the conversion per share, as announced price and dates to the ASX on 2 September for conversion) 2016. c) Issue of 1,000,000,000 unlisted options on the basis of one free option per one share subscribed for under (b). Each option is exercisable for GBP0.0005 (0.05 pence) for one share, with an expiry date of 7 April 2019. ------------------------------------------ 4 Do the +securities a) Yes. rank equally in b) Yes. all respects from c) No. The securities the date of allotment will rank equally with with an existing ordinary shares upon exercise +class of quoted of the options (if the +securities? option holders elect to do so). 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) Ordinary shares GBP0.00025 (0.025 pence) per share. c) Unlisted options Nil consideration. Issued on the basis of one free option per one share subscribed for under (b) ------------------------------------------ Purpose of the Funds raised from the issue issue will enable the 6 (If issued as Company to progress its consideration Molyhil tungsten project. for the acquisition The Placing will also of assets, clearly provide the Company with identify those additional working capital. assets) ------------------------------------------ Is the entity Yes an +eligible entity 6a 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 ------------------------------------------ The date the security 26 November 2015 holder resolution 6b under rule 7.1A was passed ------------------------------------------ Number of +securities N/A issued without 6c security holder approval under rule 7.1 ------------------------------------------ Number of +securities N/A
issued with security 6d holder approval under rule 7.1A ------------------------------------------ Number of +securities a) N/A issued with security b) 1,000,000,000 Ordinary 6e holder approval shares. under rule 7.3, c) 1,000,000,000 Unlisted or another specific options. security holder Meeting date 6 October approval (specify 2016. date of meeting) ------------------------------------------ Number of securities N/A issued under an 6f exception in rule 7.2 ------------------------------------------ If securities N/A issued under rule 6g 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. ------------------------------------------ If securities N/A were issued under 6h rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements. ------------------------------------------ Calculate the Refer attached Annexure entity's remaining 1 6i 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: 5 September +securities into 2016 to 7 October 2016. uncertificated b) 7 October 2016 (in holdings or despatch the UK) of certificates c) 7 October 2016 (in the UK) ------------------------------------------ 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 7 8 section 2 if applicable) 1,976,717,019 October 2016. ---------------- --------------------- Ordinary Shares admitted to the AIM Market of the London Stock Exchange, as at 7 October 2016. Unlisted Options: 0.05 pence unlisted warrants expiring Number and +class 1 December 2018. of all +securities 0.05 pence unlisted not quoted on warrants expiring ASX (including 7,136,387,510 5 March 2019. the securities 1,200,000,000 0.05 pence unlisted in section 2 if 400,000,000 warrants expiring 9 applicable) 1,000,000,000 7 April 2019. ---------------- --------------------- 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 October 2016
(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 6 October 2015) paid ordinary securities on issue 12 months before date of issue or agreement to issue 4,103,091,211 ------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Add the following: * Number of fully paid ordinary securities issued in that 12 month period under an exception in rule 7.2 * Number of fully paid ordinary securities issued in Placement (23/10/15) that 12 month period with shareholder approval 76,398,285 (approved 23 July 2015) Remuneration (17/12/15) 356,898,014 (approved 26 November 2015) Placement (1/6/16) 336,000,000 (approved 23 June 2016) * Number of partly paid ordinary securities that became fully paid in that 12 month period Placement (24/6/16) 864,000,000 (approved 23 June 2016) Note: * Include only ordinary securities here - other classes Placement (5/9/16) 400,000,000 of equity securities cannot be added (approved 6 October 2016) * Include here (if applicable) the securities the Placement (7/10/16) subject of the Appendix 3B to which this form is 1,000,000,000 annexed (approved 6 October 2016) * It may be useful to set out issues of securities on different dates as separate line items ------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Subtract the number of fully paid ordinary securities cancelled during that 12 month period 0 ------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- "A" 7,136,387,510 ------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Step 2: Calculate 15% of "A" -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- "B" 0.15 [Note: this value cannot be changed] ------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Multiply "A" by 0.15 1,070,458,126 ------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 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 agreed to be issued in that 12 month period not counting those 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" 0 ------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 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 1,070,458,126 ------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Subtract "C"
Note: number must be same as shown in Step 3 0 ------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Total ["A" x 0.15] 1,070,458,126 - "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 7,136,387,510 -------------------------------------------------------------- ------------------------- Step 2: Calculate 10% of "A" ----------------------------------------------------------------------------------------- "D" 0.10 Note: this value cannot be changed -------------------------------------------------------------- ------------------------- Multiply "A" by 0.10 713,638,751 -------------------------------------------------------------- ------------------------- Step 3: Calculate "E", the amount of placement capacity under rule 7.1A that has already been used ----------------------------------------------------------------------------------------- Insert number of equity securities issued or 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" 0 -------------------------------------------------------------- ------------------------- 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 2 713,638,751 ------------------------ ---------------------------------------------------------------------------- Subtract "E" Note: number must be same as shown in Step 3 0 ------------------------ ---------------------------------------------------------------------------- Total ["A" x 0.10] - "E" 713,638,751 Note: this is the remaining placement capacity under rule 7.1A ------------------------ ----------------------------------------------------------------------------
Enquiries:
Mick Billing +61 (8) 7324 1935 Thor Mining PLC Executive Chairman Ray Ridge +61 (8) 7324 1935 Thor Mining PLC CFO/Company Secretary Colin Aaronson/ +44 (0) 207 383 5100 Grant Thornton UK Nominated Daniel Bush/ LLP Adviser Richard Tonthat Gerry Beaney/ +44 (0) 203 862 6625 Northland Capital Broker David Hignell Partners Limited John Howes Tim Blythe/ +44 (0) 207 138 3222 Blytheweigh Financial Camilla Horsfall PR
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
MSCGUBDGUSBBGLG
(END) Dow Jones Newswires
October 10, 2016 02:00 ET (06:00 GMT)
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