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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 | 1.20 | 1.20 | 1.20 | 64,216 | 08:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Misc Nonmtl Minrls, Ex Fuels | 0 | -520k | -0.0019 | -6.32 | 3.34M |
From Apr 2019 to Apr 2024
TIDMTHR
RNS Number : 6066V
Thor Mining PLC
31 January 2017
Tuesday, 31 January 2017
THOR MINING PLC
Thor Mining PLC ("Thor" or the "Company")
The Directors of Thor Mining PLC (AIM, ASX: THR) have 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 /
issued or to be CDIs
issued (b) Ordinary Shares
(c) CDIs
(d) Unlisted Options (termed
warrants in the UK)
2 Number of +securities (a) Transfers of 80,000
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 1 January 2017
to 27 January 2017.
(b) Issue of 48,000,000
Ordinary Shares to sophisticated
investors in the UK on
27 January 2017.
(c) Issue of 2,000,000
CDIs to sophisticated
investors in Australia
on 27 January 2017.
Thereby increasing the
total number of securities,
listed on both AIM and
ASX, to 367,158,340 as
at 27 January 2017.
(d) Issue of 26,300,000
unlisted options (termed
warrants in the UK) to
sophisticated investors,
on the basis of one free
option for every two Ordinary
Shares subscribed for
under (b) and (c), together
with 1,300,000 unlisted
options issued to the
Company's broker.
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 during the
+securities, the period 1 January 2017
amount outstanding to 27 January 2017.
and due dates (b) Issue of 48,000,000
for payment; if Ordinary Shares to sophisticated
+convertible securities, investors in the UK on
the conversion 27 January 2017, at a
price and dates price of GBP0.00525 per
for conversion) share.
(c) Issue of 2,000,000
CDIs to sophisticated
investors in Australia
on 27 January 2017, at
a price of GBP0.00525
per share.
(d) Issue of 26,300,000
unlisted options. Exercise
price of GBP0.009 and
expires 27 July 2018.
--------------------------------------
4 Do the +securities (a) Yes.
rank equally in (b) Yes.
all respects from (c) Yes.
the date of allotment (d) No. The securities
with an existing will rank equally with
+class of quoted ordinary shares upon exercise
+securities? of the options (if the
option holders elect to
If the additional do so).
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) GBP0.00525 per share
(c) GBP0.00525 per share
(d) Nil.
--------------------------------------
Purpose of the The net proceeds will
issue enable the Company to
6 (If issued as accelerate the drilling
consideration program at its Pilot Mountain
for the acquisition project in Nevada and
of assets, clearly will also provide the
identify those Company with additional
assets) working capital.
--------------------------------------
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 24 November 2016
holder resolution
6b under rule 7.1A
was passed
--------------------------------------
Number of +securities (a) N/A
issued without (b) 16,284,166
6c security holder (c) 2,000,000
approval under (d) 26,300,000
rule 7.1
--------------------------------------
Number of +securities (a) N/A
issued with security
holder approval
under rule 7.1A
(b) 31,715,834
6d (c) Nil
(d) Nil.
--------------------------------------
Number of +securities N/A
issued with security
6e holder approval
under rule 7.3,
or another specific
security holder
approval (specify
date of meeting)
--------------------------------------
Number of securities N/A
issued under an
6f exception in rule
7.2
--------------------------------------
If securities Issue date: 27 January
issued under rule 2017
6g 7.1A, was issue Issue price: GBP0.00525
price at least (A$0.0088)
75% of 15 day More than 75% of VWAP?:
VWAP as calculated Yes
under rule 7.1A.3? VWAP A$0.0113
Include the issue 75% thereof: A$0.0085
date and both VWAP source: IRESS
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 1 January
+securities into 2017 to 27 January 2017
uncertificated (b) 27 January 2017
holdings or despatch (c) 27 January 2017
of certificates (d) 27 January 2017
--------------------------------------
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 27
8 section 2 if applicable) 113,043,830 January 2017.
--------------- ---------------------
Ordinary Shares
admitted to the
AIM Market of
the London Stock
Exchange, as at
27 January 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
254,114,510 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) 26,300,000 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: 30 January 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 26 January 2016
paid ordinary securities 181,455,501
on issue 12 months (4,536,387,510 pre-consolidation)
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)
------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Subtract the number
of fully paid ordinary
securities cancelled
during that 12 month
period 0
------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
"A" 317,158,340
------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Step 2: Calculate 15% of "A"
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
"B" 0.15
[Note: this value cannot
be changed]
------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Multiply "A" by 0.15 47,573,750
------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
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 47,573,750
------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Subtract "C"
Note: number must be
same as shown in Step
3 44,584,166
------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total ["A" x 0.15] 2,989,584
- "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 1 317,158,340
-------------------------------------------------------------- ----------------------------
Step 2: Calculate 10% of "A"
--------------------------------------------------------------------------------------------
"D" 0.10
Note: this value cannot
be changed
-------------------------------------------------------------- ----------------------------
Multiply "A" by 0.10 31,715,834
-------------------------------------------------------------- ----------------------------
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 31,715,834
------------------------ ----------------------------------------------------------------------------
Subtract "E"
Note: number must be
same as shown in Step
3 31,715,834
------------------------ ----------------------------------------------------------------------------
Total ["A" x 0.10]
- "E" Nil
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
Elliot Hance +44 (0) 207382 8300 Beaufort Securities Joint Broker
Limited
Nick Emerson +44 (0) 1483 413 500 SI Capital Ltd Joint Broker
/
Andy Thacker
Tim Blythe/ +44 (0) 207 138 3222 Blytheweigh Financial
Camilla PR
Horsfall
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
MSCBBGDBRBXBGRB
(END) Dow Jones Newswires
January 31, 2017 06:18 ET (11:18 GMT)
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