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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% | 1.05 | 1.00 | 1.10 | 1.05 | 1.05 | 1.05 | 51,935 | 08:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Misc Nonmtl Minrls, Ex Fuels | 0 | -520k | -0.0019 | -5.53 | 2.93M |
From May 2019 to May 2024
TIDMTHR
RNS Number : 2029F
Thor Mining PLC
19 February 2018
Monday, 19 February 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:
Hot Features
Premium
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(4) .
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$1,700/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 nil from
issued or to be AIM listed shares on the
issued (if known) AIM Market of the London
or maximum number Stock Exchange, to ASX
which may be issued listed CDI's, during the
period 13 February 2018
to 18 February 2018.
(b) Issue of 6,883,280
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 645,641,532
as at 19 February 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 6,883,280
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) 4,000,000 at an exercise
price of 1.25p and 2,883,280
at an exercise price of
1.8p.
------------------------------------------
6 Purpose of the (a) N/A
issue (b) Issue of Shares as
(If issued as a result of options being
consideration exercised. Cash consideration
for the acquisition received per above.
of assets, clearly
identify those
assets)
------------------------------------------
6a Is the entity Yes
an +eligible 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 29 November 2017
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 (b) 6,883,280 Ordinary
exception in rule Shares as a result of
7.2 the exercise of options.
------------------------------------------
6g If securities N/A
issued 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 N/A
were 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 Refer attached Annexure
entity's remaining 1
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 13 February
+securities into 2018 to 18 February 2018
uncertificated (b) 19 February 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 19
8 section 2 if applicable) 140,967,865 February 2018.
---------------- ---------------------
Ordinary Shares
admitted to the
AIM Market of
the London Stock
Exchange, as at
19 February 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.
1.8 pence unlisted
warrants
504,673,667 expiring 28 July
5,573,347 2019.
7,030,215 5.0 pence unlisted
33,125,822 warrants expiring
13,380,000 29 January 2020.
25,394,032 1.8 pence unlisted
Number and +class 13,840,000 warrants
of all +securities 2,000,000 expiring 31 March
not quoted on 16,000,000 2020.
ASX (including 39,444,444 1.8 pence unlisted
the securities 10,000,000 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: 19 February 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 18 February 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 Issue - options exercised
that 12 month period under an exception in rule 7.2 1,780,026
(Issued 17/3/17)
* Number of fully paid ordinary securities issued in Issue - options exercised
that 12 month period with shareholder approval 3,312,477
(Issued 20/3/17)
* Number of partly paid ordinary securities that became Issue - options exercised
fully paid in that 12 month period 762,365
(Issued 10/4/17)
Note: Placement (28/7/17)
* Include only ordinary securities here - other classes 51,111,111
of equity securities cannot be added (approved 27 July 2017)
Placement (03/11/17)
* Include here (if applicable) the securities the 29,473,686
subject of the Appendix 3B to which this form is (approved 29 November
annexed 2017)
Issue - options exercised
* It may be useful to set out issues of securities on 10,000,000
different dates as separate line items (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)
Issue - options exercised
9,247,486
(Issued 9/02/18)
Issue - options exercised
12,448,707
(Issued 14/02/18)
Issue - options exercised
6,883,280
(Issued 19/02/18)
-------------------------------------------------------------- ----------------------------
Subtract the number
of fully paid ordinary
securities cancelled
during that 12 month
period 0
-------------------------------------------------------------- ----------------------------
"A" 634,513,952
-------------------------------------------------------------- ----------------------------
Step 2: Calculate 15% of "A"
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
"B" 0.15
[Note: this value cannot
be changed]
------------------------------------------------------------ --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Multiply "A" by 0.15 95,177,092
------------------------------------------------------------ --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
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 Issue for cash 10,000,000
issued: (Issued 30/01/18)
* Under an exception in rule 7.2 Grant of Unlisted Options
10,000,000
(Granted 30/01/18)
* 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" 21,127,580
------------------------------------------------------------ --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
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 95,177,092
------------------------------------------------------------ --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Subtract "C"
Note: number must be
same as shown in Step
3 21,127,580
------------------------------------------------------------ --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total ["A" x 0.15] 74,049,512
- "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 1 634,513,952
-------------------------------------------------------------- -------------------------
Step 2: Calculate 10% of "A"
-----------------------------------------------------------------------------------------
"D" 0.10
Note: this value cannot
be changed
-------------------------------------------------------------- -------------------------
Multiply "A" by 0.10 63,451,395
-------------------------------------------------------------- -------------------------
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 63,451,395
------------------------ --------------------------------------------------------------------------
Subtract "E"
Note: number must be
same as shown in Step
3 0
------------------------ --------------------------------------------------------------------------
Total ["A" x 0.10]
- "E" 63,451,395
Note: this is the remaining
placement capacity
under rule 7.1A
------------------------ --------------------------------------------------------------------------
The company news service from the London Stock Exchange
END
MSCBUGDDSGBBGII
(END) Dow Jones Newswires
February 19, 2018 02:00 ET (07:00 GMT)
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