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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% | 1.30 | 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 |
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
MSCBGGDBIUDBGIB
(END) Dow Jones Newswires
January 22, 2018 09:43 ET (14:43 GMT)
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