We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.10 | 9.09% | 1.20 | 1.10 | 1.30 | 1.20 | 1.20 | 1.20 | 35,526 | 08:00:20 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Misc Nonmtl Minrls, Ex Fuels | 0 | -520k | -0.0019 | -6.32 | 3.34M |
From Apr 2019 to Apr 2024
TIDMTHR
RNS Number : 3161M
Thor Mining PLC
12 October 2016
Wednesday, 12 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).
Hot Features
Premium
1 +Class of +securities a) Ordinary shares / CDIs
issued or to be b) Ordinary Shares
issued c) Unlisted Options (termed
warrants in the UK)
d) Unlisted Options (termed
warrants in the UK)
e) Unlisted Options (termed
warrants in the UK)
2 Number of +securities a) Transfers of nil to
issued or to be 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 7 October 2016
to 10 October 2016.
b) Issue of 346,000,000
Ordinary Shares on 11
October 2016 (in UK business
hours), to two Directors
and a former Director
to convert amounts owed
to them into securities
on the same basis as the
recent placement of 7
October 2016.
Thereby increasing the
total number of securities,
listed on both AIM and
ASX, to 7,482,387,510
as at 11 October 2016.
c) Issue of 346,000,000
unlisted options to two
Directors and a former
Director, on the basis
of one free option for
every one Ordinary Share
issued under (b). These
terms are consistent with
the recent Placement of
7 October 2016.
d) Issue of 500,000,000
unlisted options to Directors
and former Directors.
e) Issue of 250,000,000
unlisted options to a
Director in lieu of Directors
fees for the next year,
commencing 2 September
2016.
3 Principal terms This represents:
of the +securities a) Transfers of nil to
(eg, if options, 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 7 October 2016
amount outstanding to 10 October 2016.
and due dates b) Issue of 346,000,000
for payment; if ordinary shares at an
+convertible securities, price of GBP0.00025 (0.025
the conversion pence) per share, in lieu
price and dates of cash payments of A$150,000
for conversion) owed to two Directors
and a former Director,
as announced to the ASX
on 2 September 2016.
c) Issue of 346,000,000
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
11 April 2019.
d) Issue of 500,000,000
unlisted options). Each
option is exercisable
for GBP0.0005 (0.05 pence)
for one share, with an
expiry date of 26 July
2019.
e) Issue of 250,000,000
unlisted options. Each
option is exercisable
for GBP0.0005 (0.05 pence)
for one share, with an
expiry date of 2 September
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 d) No. The securities
securities do will rank equally with
not rank equally, ordinary shares upon exercise
please state: of the options (if the
* the date from which they do option holders elect to
do so).
e) No. The securities
* the extent to which they participate for the next will rank equally with
dividend, (in the case of a trust, distribution) or ordinary shares upon exercise
interest payment of the options (if the
option holders elect to
do so).
* 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,
in lieu of cash payments
of A$150,000 owed to two
Directors and a former
Director.
c) Unlisted options Nil
consideration. Issued
on the basis of one free
option per one share issued
under (b). Consistent
with the recent placement
on 7 October 2016.
d) Unlisted options Nil
consideration. Issued
to three existing Directors
and two former Directors
(who remain in a key consulting
capacity).
e) Unlisted options Nil
consideration. Issued
to one Director in lieu
of cash payments of A$40,000
for annual Directors fees
payable for one year commencing
2 Septemeber 2016.
----------------------------------------
Purpose of the No funds will be raised
issue from the issue of the
6 (If issued as securities in a) to e)
consideration above.
for the acquisition However, a number of the
of assets, clearly above issues of securities
identify those are made in lieu of cash
assets) amounts payable to Directors,
or former Directors, which
will assist to conserve
cash for other operational
priorities.
----------------------------------------
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) 346,000,000 Ordinary
6e holder approval shares.
under rule 7.3, c) 346,000,000 Unlisted
or another specific options.
security holder d) 500,000,000 Unlisted
approval (specify options.
date of meeting) e) 250,000,000 Unlisted
options.
Meeting date 6 October
2016.
----------------------------------------
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: 7 October
+securities into 2016 to 10 October 2016.
uncertificated b) 11 October 2016 (in
holdings or despatch the UK)
of certificates c) 11 October 2016 (in
the UK)
d) 11 October 2016 (in
the UK)
e) 11 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 11
8 section 2 if applicable) 2,322,717,019 October 2016.
---------------- ---------------------
Ordinary Shares
admitted to the
AIM Market of
the London Stock
Exchange, as at
11 October 2016.
Unlisted Options:
0.05 pence unlisted
warrants expiring
1 December 2018.
0.05 pence unlisted
warrants expiring
5 March 2019.
0.05 pence unlisted
warrants expiring
7 April 2019.
0.05 pence unlisted
warrants expiring
Number and +class 5,159,670,491 11 April 2019.
of all +securities 1,200,000,000 0.05 pence unlisted
not quoted on 400,000,000 warrants expiring
ASX (including 1,000,000,000 26 July 2019.
the securities 346,000,000 0.05 pence unlisted
in section 2 if 500,000,000 warrants expiring
9 applicable) 250,000,000 2 September 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: 12 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 10 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 Placement (11/10/16)
different dates as separate line items 346,000,000
(approved 6 October
2016)
------------------------------------------------------------- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Subtract the number
of fully paid ordinary
securities cancelled
during that 12 month
period 0
------------------------------------------------------------- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
"A" 7,482,387,510
------------------------------------------------------------- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Step 2: Calculate 15% of "A"
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
"B" 0.15
[Note: this value cannot
be changed]
------------------------------------------------------------- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Multiply "A" by 0.15 1,122,358,126
------------------------------------------------------------- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
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 1,122,358,126
------------------------------------------------------------- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Subtract "C"
Note: number must be
same as shown in Step
3 0
------------------------------------------------------------- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total ["A" x 0.15] 1,122,358,126
- "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 7,482,387,510
-------------------------------------------------------------- -------------------------
Step 2: Calculate 10% of "A"
-----------------------------------------------------------------------------------------
"D" 0.10
Note: this value cannot
be changed
-------------------------------------------------------------- -------------------------
Multiply "A" by 0.10 748,238,751
-------------------------------------------------------------- -------------------------
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
2 748,238,751
------------------------ ----------------------------------------------------------------------------
Subtract "E"
Note: number must be
same as shown in Step
3 0
------------------------ ----------------------------------------------------------------------------
Total ["A" x 0.10]
- "E" 748,238,751
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
MSCGUBDGRSBBGLD
(END) Dow Jones Newswires
October 12, 2016 02:00 ET (06:00 GMT)
1 Year Thor Energy Chart |
1 Month Thor Energy Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
