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THR Thor Energy Plc

1.30
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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% 1.30 1.20 1.40 1.30 1.30 1.30 42,665 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Misc Nonmtl Minrls, Ex Fuels 0 -520k -0.0019 -6.84 3.62M

Thor Mining PLC Appendix 3B (4592C)

22/01/2018 2:43pm

UK Regulatory


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TIDMTHR

RNS Number : 4592C

Thor Mining PLC

22 January 2018

Monday, 22 January 2018

THOR MINING PLC

("Thor" or the "Company")

Appendix 3B

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.

Enquiries:

 
Mick Billing         +61 (8) 7324  Thor Mining     Executive 
                         1935       PLC             Chairman 
Ray Ridge            +61 (8) 7324  Thor Mining     CFO/Company 
                         1935       PLC             Secretary 
Colin Aaronson/      +44 (0) 207   Grant Thornton  Nominated 
 Richard Tonthat       383 5100     UK LLP          Adviser 
Nick Emerson         +44 (0) 1483  SI Capital Ltd  Broker 
                        413 500 
Tim Blythe/ Camilla  +44 (0) 207   Blytheweigh     Financial 
 Horsfall              138 3222                     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, and on the Company's twitter page @ThorMining.

About Thor Mining PLC

Thor Mining PLC is a resources company quoted on the AIM Market of the London Stock Exchange and on ASX in Australia.

Thor holds 100% of the advanced Molyhil tungsten project in the Northern Territory of Australia, for which an updated feasibility study in 2015(1) suggested attractive returns.

Thor also holds 100% of the Pilot Mountain tungsten project in Nevada USA which has a JORC 2012 Indicated and Inferred Resources Estimate(2) on 2 of the 4 known deposits.

Thor is also acquiring up to a 60% interest Australian copper development company Environmental Copper Recovery SA Pty Ltd, which in turn holds rights to earn up to a 75% interest in the mineral rights and claims over the portion of the historic Kapunda copper mine in South Australia recoverable by way of in situ recovery.

Thor has a material interest in US Lithium Pty Limited, an Australian private company with a 100% interest in a Lithium project in Nevada, USA.

Finally, Thor also holds a production royalty entitlement from the Spring Hill Gold project(3) of:

-- A$6 per ounce of gold produced from the Spring Hill tenements where the gold produced is sold for up to A$1,500 per ounce; and

-- A$14 per ounce of gold produced from the Spring Hill tenements where the gold produced is sold for amounts over A$1,500 per ounce.

Notes

   --              (1) Refer ASX and AIM announcement of 12 January 2015 
   --              (2) Refer AIM announcement of 22 May 2017 and ASX announcement of 23 May 2017 

-- (3) Refer AIM announcement of 26 February 2016 and ASX announcement of 29 February 2016

   --              At the date of this announcement gold is trading at approximately A$1,680/oz 

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement,

application for quotation of additional securities

and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12

 
Name of entity 
Thor Mining PLC 
--------------- 
 
 
ABN 
121 117 673 
----------- 
 

We (the entity) give ASX the following information.

Part 1 -- All issues

You must complete the relevant sections (attach sheets if there is not enough space).

 
 1      +Class of +securities                                        (a) Ordinary shares / 
         issued or to be                                              CDIs 
         issued                                                       (b) Ordinary shares 
 
 2      Number of +securities                                               (a) Transfers of 6,511,852 
         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 28 December 
                                                                            2017 to 21 January 2018. 
                                                                            (b) Issue of 2,402,943 
                                                                            Ordinary Shares as a result 
                                                                            of options (termed warrants 
                                                                            in the UK) being exercised. 
                                                                            The total number of securities, 
                                                                            listed on both AIM and 
                                                                            ASX, is now 607,062,059 
                                                                            as at 22 January 2018. 
 
 3      Principal terms                                               This represents: 
         of the +securities                                            (a) Transfers between 
         (eg, if options,                                              AIM listed shares on the 
         exercise price                                                AIM Market of the London 
         and expiry date;                                              Stock Exchange, and ASX 
         if partly paid                                                listed CDI's. 
         +securities, the                                              (b) Issue of 2,402,943 
         amount outstanding                                            Ordinary Shares as a result 
         and due dates                                                 of the exercise of options. 
         for payment; if 
         +convertible securities, 
         the conversion 
         price and dates 
         for conversion) 
                                                                    ------------------------------------------ 
 
 4      Do the +securities                                            (a) Yes. 
         rank equally in 
         all respects from 
         the date of allotment 
         with an existing 
         +class of quoted 
         +securities? 
                                                                       (b) Yes. 
         If the additional 
          securities do 
          not rank equally, 
          please state: 
          *    the date from which they do 
 
 
          *    the extent to which they participate for the next 
               dividend, (in the case of a trust, distribution) or 
               interest payment 
 
 
          *    the extent to which they do not rank equally, other 
               than in relation to the next dividend, distribution 
               or interest payment 
                                                                    ------------------------------------------ 
 
 5      Issue price or                                                (a) N/A 
         consideration                                                 (b) 133,538 at an exercise 
                                                                       price of 0.9p, 750,000 
                                                                       at an exercise price of 
                                                                       1.25p, 236,017 at an exercise 
                                                                       price of 1.2p and 1,283,388 
                                                                       shares at an exercise 
                                                                       price of 1.8p. 
                                                                    ------------------------------------------ 
 
        Purpose of the                                                (a) N/A 
         issue                                                         (b) Issue of Shares as 
   6     (If issued as                                                 a result of options being 
         consideration                                                 exercised. Cash consideration 
         for the acquisition                                           received per above. 
         of assets, clearly 
         identify those 
         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                                        29 November 2017 
         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                                        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                                         (a) N/A 
         issued under an                                              (b) 2,402,943 Ordinary 
   6f    exception in rule                                            Shares as a result of 
         7.2                                                          the exercise of options. 
                                                                    ------------------------------------------ 
 
        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 28 December 
         +securities into                                             2017 to 21 January 2018 
         uncertificated                                               (b) 22 January 2018 
         holdings or despatch 
         of certificates 
                                                                    ------------------------------------------ 
 
 
                                    Number            +Class 
                                   ----------------  --------------------- 
        Number and +class 
         of all +securities                           Ordinary Shares 
         quoted on ASX                                 quoted by 
         (including the                                ASX ("THR" as 
         securities in                                 CDIs) as at 22 
 8       section 2 if applicable)       139,456,343    January 2018. 
                                   ----------------  --------------------- 
                                                      Ordinary Shares 
                                                       admitted to the 
                                                       AIM Market of 
                                                       the London Stock 
                                                       Exchange, as at 
                                                       22 January 2018. 
                                                       Unlisted Options: 
                                                       0.9 pence unlisted 
                                                       warrants 
                                                       expiring 27 July 
                                                       2018. 
                                                       1.2 pence unlisted 
                                                       warrants expiring 
                                                       2 November 2018 
                                                       1.2 pence unlisted 
                                                       warrants expiring 
                                                       29 November 2018 
                                                       1.25 pence unlisted 
                                                       warrants expiring 
                                                       1 December 2018. 
                                                       1.25 pence unlisted 
                                                       warrants expiring 
                                                       7 April 2019. 
                                                       1.25 pence unlisted 
                                                       warrants expiring 
                                                       11 April 2019. 
                                                       1.8 pence unlisted 
                                                       warrants 
                                                       expiring 27 June 
                                                       2019. 
                                                       1.25 pence unlisted 
                                                       warrants expiring 
                                                       26 July 2019. 
                                        467,605,716    1.8 pence unlisted 
                                          6,978,631    warrants 
                                          8,280,215    expiring 28 July 
                                         40,762,336    2019. 
                                         17,330,000    1.8 pence unlisted 
        Number and +class                26,737,316    warrants 
         of all +securities              13,840,000    expiring 31 March 
         not quoted on                    2,000,000    2020. 
         ASX (including                  20,000,000    1.8 pence unlisted 
         the securities                  48,438,835    warrants 
         in section 2 if                 15,000,000    expiring 27 June 
 9       applicable)                      1,500,000    2020. 
                                   ----------------  --------------------- 
 
 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: 22 January 2018 

(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 21 January 2017 
  paid ordinary securities                                        317,158,340 
  on issue 12 months 
  before date of issue 
  or agreement to issue 
--------------------------------------------------------------  ---------------------------- 
 Add the following: 
   *    Number of fully paid ordinary securities issued in         Placement (27/1/17) 
        that 12 month period under an exception in rule 7.2        50,000,000 
                                                                   (approved 27 July 2017) 
 
   *    Number of fully paid ordinary securities issued in         Issue - options exercised 
        that 12 month period with shareholder approval             1,780,026 
                                                                   (Issued 17/3/17) 
 
   *    Number of partly paid ordinary securities that became      Issue - options exercised 
        fully paid in that 12 month period                         3,312,477 
                                                                   (Issued 20/3/17) 
 
  Note:                                                            Issue - options exercised 
   *    Include only ordinary securities here - other classes      762,365 
        of equity securities cannot be added                       (Issued 10/4/17) 
 
                                                                   Placement (28/7/17) 
   *    Include here (if applicable) the securities the            51,111,111 
        subject of the Appendix 3B to which this form is           (approved 27 July 2017) 
        annexed 
                                                                   Placement (03/11/17) 
                                                                   29,473,686 
   *    It may be useful to set out issues of securities on        (approved 29 November 
        different dates as separate line items                     2017) 
 
                                                                   Issue - options exercised 
                                                                   10,000,000 
                                                                   (Issued 10/11/17) 
 
                                                                   Issue - options exercised 
                                                                   20,730,855 
                                                                   (Issued 13/11/17) 
 
                                                                   Issue - options exercised 
                                                                   10,773,161 
                                                                   (Issued 15/11/17) 
 
                                                                   Issue - options exercised 
                                                                   20,749,484 
                                                                   (Issued 21/11/17) 
 
                                                                   Issue - options exercised 
                                                                   18,113,051 
                                                                   (Issued 29/11/17) 
 
                                                                   Placement (30/11/17) 
                                                                   41,151,314 
                                                                   (approved 29 November 
                                                                   2017) 
 
                                                                   Issue - options exercised 
                                                                   8,472,381 
                                                                   (Issued 6/12/17) 
                                                                   Issue - options exercised 
                                                                   13,932,458 
                                                                   (Issued 18/12/17) 
 
                                                                   Issue - options exercised 
                                                                   6,010,827 
                                                                   (Issued 28/12/17) 
 
                                                                   Issue - options exercised 
                                                                   2,402,943 
                                                                   (Issued 22/01/18) 
--------------------------------------------------------------  ---------------------------- 
 Subtract the number 
  of fully paid ordinary 
  securities cancelled 
  during that 12 month 
  period                                                                                   0 
--------------------------------------------------------------  ---------------------------- 
 "A"                                                                             605,934,479 
--------------------------------------------------------------  ---------------------------- 
 
 
 Step 2: Calculate 15% of "A" 
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 
 "B"                                                                                                                                                                                                                                            0.15 
                                                                                                                                                                                                                            [Note: this value cannot 
                                                                                                                                                                                                                                         be changed] 
------------------------------------------------------------  -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 
 Multiply "A" by 0.15                                                                                                                                                                                                                     90,890,171 
------------------------------------------------------------  -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 
 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                                                                                                                                                                                                       Issue for consideration 
  agreed to be issued                                                                                                                                                                                                                      1,127,580 
  in that 12 month period                                                                                                                                                                                                          (Issued 15/12/17) 
  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"                                                                                                                                                                                                                                       1,127,580 
------------------------------------------------------------  -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 
 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                                                                                                                                                                                                                                       90,890,171 
------------------------------------------------------------  -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 
 Subtract "C" 
  Note: number must be 
  same as shown in Step 
  3                                                                                                                                                                                                                                        1,127,580 
------------------------------------------------------------  -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 
 Total ["A" x 0.15]                                                                                                                                                                                                                       89,762,591 
  - "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                                                                 605,934,479 
--------------------------------------------------------------  ------------------------- 
 Step 2: Calculate 10% of "A" 
----------------------------------------------------------------------------------------- 
 "D"                                                                                 0.10 
                                                                  Note: this value cannot 
                                                                               be changed 
--------------------------------------------------------------  ------------------------- 
 Multiply "A" by 0.10                                                          60,593,447 
--------------------------------------------------------------  ------------------------- 
 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                                                                                       60,593,447 
------------------------  -------------------------------------------------------------------------- 
 Subtract "E" 
  Note: number must be 
  same as shown in Step 
  3                                                                                                0 
------------------------  -------------------------------------------------------------------------- 
 Total ["A" x 0.10] 
  - "E"                                                                                   60,593,447 
                                                                         Note: this is the remaining 
                                                                                  placement capacity 
                                                                                     under rule 7.1A 
------------------------  -------------------------------------------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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