Share Name Share Symbol Market Type Share ISIN Share Description
Thor Mining LSE:THR London Ordinary Share GB00BD0NBV71 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 0.90p 0.85p 0.95p 0.9365p 0.90p 0.90p 1,350,378 14:00:15
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -1.7 -0.0 - 3.36

Thor Mining PLC Appendix 3B

20/03/2017 9:12am

UK Regulatory (RNS & others)


Thor Mining (LSE:THR)
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TIDMTHR

RNS Number : 9252Z

Thor Mining PLC

20 March 2017

20 March 2017

THOR MINING PLC

("Thor" or the "Company")

The Directors of Thor Mining PLC (AIM, ASX: THR) have released the following Appendix 3B announcement on the Australian Securities Exchange ("ASX"), as required under the listing rules of the ASX. This Appendix 3B announcement relates to the exercise of 3,312,477 warrants over ordinary shares of 0.01p each in the capital of the Company (announced on 17 March 2017).

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 issued                                        (b) Ordinary Shares 
 
 2     Number of +securities                                               (a) Transfers of 377,292 to AIM 
        issued or to be issued                                             listed shares on the AIM Market 
        (if known) or maximum                                              of the London Stock Exchange, 
        number which may be                                                from ASX listed CDI's, during 
        issued                                                             the period 17 March 2017 to 19 
                                                                           March 2017. 
                                                                           (b) Issue of 3,312,477 Ordinary 
                                                                           Shares, in the UK, on 20 March 
                                                                           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 372,250,843 
                                                                           as at 20 March 2017. 
 
 3     Principal terms of                                                  This represents: 
        the +securities (eg,                                               (a) Transfers between AIM listed 
        if options, exercise                                               shares on the AIM Market of the 
        price and expiry date;                                             London Stock Exchange, and ASX 
        if partly paid +securities,                                        listed CDI's. 
        the amount outstanding                                             (b) Issue of 3,312,477 Ordinary 
        and due dates for payment;                                         Shares in the UK on 20 March 
        if +convertible securities,                                        2017, as a result of the exercise 
        the conversion price                                               of unlisted options (termed warrants 
        and dates for conversion)                                          in the UK). Expiry date was 27 
                                                                           July 2018. 
                                                                   ----------------------------------------------- 
 
 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 consideration                                  (a) N/A 
                                                                      (b) Option exercise price of 
                                                                      GBP0.009 per share. 
                                                                   ----------------------------------------------- 
 
  6    Purpose of the issue                                          (a) N/A 
        (If issued as consideration                                   (b) Issue of 3,312,477 Ordinary 
        for the acquisition                                           Shares in the UK on 20 March 
        of assets, clearly                                            2017, as a result of the exercise 
        identify those assets)                                        of unlisted options (termed warrants 
                                                                      in the UK). 
                                                                   ----------------------------------------------- 
 
  6a   Is the entity an +eligible                                   Yes 
        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 exception                                    (b) 3,312,477 
        in rule 7.2 
                                                                   ----------------------------------------------- 
 
  6g   If securities issued                                         N/A 
        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 were                                           N/A 
        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 entity's                                       Refer attached Annexure 1 
        remaining issue capacity 
        under rule 7.1 and 
        rule 7.1A - complete 
        Annexure 1 and release 
        to ASX Market Announcements 
                                                                   ----------------------------------------------- 
 
 7     Dates of entering +securities                                (a) Transfers 17 March 2017 to 
        into uncertificated                                          19 March 2017 
        holdings or despatch                                         (b) 20 March 2017 
        of certificates 
                                                                   ----------------------------------------------- 
 
 
                                     Number            +Class 
                                    ----------------  ---------------------------- 
        Number and +class of 
         all +securities quoted                        Ordinary Shares quoted 
         on ASX (including the                          by 
         securities in section                          ASX ("THR" as CDIs) 
 8       2 if applicable)                118,298,929    as at 20 March 2017. 
                                    ----------------  ---------------------------- 
                                                       Ordinary Shares admitted 
                                                        to the AIM Market of 
                                                        the London Stock Exchange, 
                                                        as at 20 March 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 
                                         253,951,914    warrants expiring 26 
                                          48,000,000    July 2019. 
                                          16,000,000    1.25 pence unlisted 
        Number and +class of              40,000,000    warrants expiring 2 
         all +securities not              13,840,000    September 2019. 
         quoted on ASX (including         20,000,000    0.9 pence unlisted 
         the securities in section        10,000,000    warrants 
 9       2 if applicable)                 21,207,497    expiring 27 July 2018. 
                                    ----------------  ---------------------------- 
 
 10   Dividend policy (in            No Policy 
       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: 20 March 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 paid                                    as at 19 March 2016 181,455,501 
  ordinary securities on issue                                   (4,536,387,510 pre-consolidation) 
  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     Placement (7/10/16) 40,000,000 
        fully paid in that 12 month period                        (approved 6 October 2016) 
                                                                  (pre consolidation 1,000,000,000) 
 
  Note: 
   *    Include only ordinary securities here - other classes     Placement (11/10/16) 13,840,000 
        of equity securities cannot be added                      (approved 6 October 2016) 
                                                                  (pre consolidation 346,000,000) 
 
   *    Include here (if applicable) the securities the 
        subject of the Appendix 3B to which this form is          Remuneration (25/11/2016) 17,862,839 
        annexed                                                   (approved 24 November 2016) 
                                                                  (pre consolidation 446,570,973) 
 
   *    It may be useful to set out issues of securities on       Issue - options exercised 1,780,026 
        different dates as separate line items                    (Issued 17/3/17) 
 
                                                                  Issue - options exercised 3,312,477 
                                                                  (Issued 20/3/17) 
-------------------------------------------------------------  -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 
 Subtract the number of fully 
  paid ordinary securities 
  cancelled during that 12 
  month period                                                                                                                                                                                                                                      0 
-------------------------------------------------------------  -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 
 "A"                                                                                                                                                                                                                                      322,250,843 
-------------------------------------------------------------  -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 
 Step 2: Calculate 15% of "A" 
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 
 "B"                                                                                                                                                                                                                                             0.15 
                                                                                                                                                                                                                          [Note: this value cannot be 
                                                                                                                                                                                                                                             changed] 
-------------------------------------------------------------  -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 
 Multiply "A" by 0.15                                                                                                                                                                                                                      48,337,626 
-------------------------------------------------------------  -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 
 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                                                                                                                                                                                           Placement Shares (27/01/17) 
  in that 12 month period not                                                                                                                                                                                                              18,284,166 
  counting those issued:                                                                                                                                                                                               Warrants (27/01/17) 26,300,000 
   *    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                                                                                                                                                                                                                       48,337,626 
-------------------------------------------------------------  -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 
 Subtract "C" 
  Note: number must be same 
  as shown in Step 3                                                                                                                                                                                                                       44,584,166 
-------------------------------------------------------------  -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 
 Total ["A" x 0.15] - "C"                                                                                                                                                                                                                   3,753,460 
                                                                                                                                                                                                                         [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                                                                              322,250,843 
--------------------------------------------------------------  ---------------------------- 
 Step 2: Calculate 10% of "A" 
-------------------------------------------------------------------------------------------- 
 "D"                                                                                    0.10 
                                                                  Note: this value cannot be 
                                                                                     changed 
--------------------------------------------------------------  ---------------------------- 
 Multiply "A" by 0.10                                                             32,225,084 
--------------------------------------------------------------  ---------------------------- 
 Step 3: Calculate "E", the amount of placement capacity 
  under rule 7.1A that has already been used 
-------------------------------------------------------------------------------------------- 
 Insert number of equity securities                              Placement Shares (27/01/17) 
  issued or agreed to be issued                                   31,715,834 
  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                                                                            32,225,084 
----------------------------  ---------------------------------------------------------------------------- 
 Subtract "E" 
  Note: number must be same 
  as shown in Step 3                                                                            31,715,834 
----------------------------  ---------------------------------------------------------------------------- 
 Total ["A" x 0.10] - "E" 
                                                                                                   509,250 
                                                                               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 Adviser 
 Daniel Bush/                              LLP 
 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 PR 
 Camilla 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

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