Thor Mining PLC Director/PDMR Shareholding (4591C)

TIDMTHR

RNS Number : 4591C

Thor Mining PLC

22 January 2018

Monday, 22 January 2018

THOR MINING PLC

("Thor" or the "Company")

Director/PDMR Shareholding

The Company was informed by Paul Johnson on 18 January 2018 that he has transferred 5 million ordinary shares of 0.01 pence each in the capital of the Company ("Ordinary Shares") to his wife, Mrs M Johnson, on 18 January 2018.

The notifications below, made in accordance with the requirements of the Australian Securities Exchange, provide further detail. The attached ASX notification also notes the acquisitions of Ordinary Shares by Mrs M Johnson of 500,000 on 16 January 2018, and 372,351 on 17 January 2018. Both of these transactions have been previously reported on those dates.

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 3.19A.2

Appendix 3Y

Change of Director's Interest Notice

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 30/09/01 Amended 01/01/11

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

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

 
 Name of Director      Paul Johnson 
--------------------  ---------------- 
 Date of last notice   1 December 2017 
--------------------  ---------------- 
 

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

 
 Direct or indirect interest         Direct and Indirect 
----------------------------------  ------------------------------------------------------------------ 
 Nature of indirect interest 
  (including registered                *    Mrs M Johnson (spouse) 
  holder) 
  Note: Provide details 
  of the circumstances                 *    Value Generation Limited, a company 50% owned by Mr P 
  giving rise to the relevant               Johnson and 50% owned by Mrs M Johnson. 
  interest. 
----------------------------------  ------------------------------------------------------------------ 
 Date of change                      16 January 2018 (500,000 
                                      purchase) 
                                      17 January 2018 (372,351 
                                      purchase) 
                                      18 January 2018 (5,000,000 
                                      transfer) 
----------------------------------  ------------------------------------------------------------------ 
 No. of securities held 
  prior to change - Direct             *    22,402,649 Ordinary Shares (AIM listed) 
 
 
                                       *    3,200,000 Unlisted Options, exercise price GBP0.0125, 
                                            expiry 1/10/18. 
 
 
                                       *    5,000,000 Unlisted options, exercise price 1.8 pence, 
                                            expiry 28/7/19. 
 
 
                                       *    3,000,000 Unlisted options, exercise price 1.8 pence, 
                                            expiry 31/3/20. 
----------------------------------  ------------------------------------------------------------------ 
 No. of securities held 
  prior to change - Indirect                *    4,600,000 Ordinary Shares (AIM listed) held by Mrs M 
                                                 Johnson. 
 
 
 
                                           Value Generation Limited: 
                                            *    4,125,000 Ordinary Shares (AIM listed) held by Value 
                                                 Generation Limited. 
 
 
                                            *    3,125,000 Unlisted options, exercise price 1.2 pence, 
                                                 expiry 29/11/18. 
----------------------------------  ------------------------------------------------------------------ 
 Class                               Ordinary Shares 
----------------------------------  ------------------------------------------------------------------ 
 Number acquired - Direct            N/A 
----------------------------------  ------------------------------------------------------------------ 
 Number acquired - Indirect          Mrs M Johnson 
                                       *    500,000 Ordinary Shares (AIM listed) acquired 
                                            16/1/18. 
 
 
                                       *    372,351 Ordinary Shares (AIM listed) acquired 17/1/18 
 
 
                                       *    5,000,000 transferred from Mr Paul Johnson 
----------------------------------  ------------------------------------------------------------------ 
 Number disposed 
                                       *    5,000,000 transferred to Mrs M Johnson 
----------------------------------  ------------------------------------------------------------------ 
 Value/Consideration 
  Note: If consideration               *    2.5 pence per Ordinary Share, or total consideration 
  is non-cash, provide                      of GBP12,500. 16/1/18 
  details and estimated 
  valuation 
                                       *    2.634 pence per Ordinary Share, or total 
                                            consideration of GBP9,807.73. 17/1/18 
----------------------------------  ------------------------------------------------------------------ 
 No. of securities held 
  after change - Direct                *    17,402,649 Ordinary Shares (AIM listed) 
 
 
                                       *    3,200,000 Unlisted Options, exercise price GBP0.0125, 
                                            expiry 1/10/18. 
 
 
                                       *    5,000,000 Unlisted options, exercise price 1.8 pence, 
                                            expiry 28/7/19. 
 
 
                                       *    3,000,000 Unlisted options, exercise price 1.8 pence, 
                                            expiry 31/3/20. 
----------------------------------  ------------------------------------------------------------------ 
 No. of securities held 
  after change - Indirect              *    10,472,351 Ordinary Shares (AIM listed) held by Mrs M 
                                            Johnson. 
 
 
 
                                      Value Generation Limited: 
                                       *    4,125,000 Ordinary Shares (AIM listed) held by Value 
                                            Generation Limited. 
 
 
                                       *    3,125,000 Unlisted options, exercise price 1.2 pence, 
                                            expiry 29/11/18. 
----------------------------------  ------------------------------------------------------------------ 
 Nature of change 
  Example: on-market trade,            *    On market (AIM) purchase of 500,000 Ordinary Shares 
  off-market trade, exercise                on 16/1/18, and 372,351 on 17/1/18. 
  of options, issue of 
  securities under dividend 
  reinvestment plan, participation     *    The transfer of 5,000,000 Ordinary Shares from Mr 
  in buy-back                               Paul Johnson to Mrs M Johnson on 18/1/18. 

----------------------------------  ------------------------------------------------------------------ 
 

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

 
 Detail of contract 
---------------------------- 
 Nature of interest 
---------------------------- 
 Name of registered 
  holder 
  (if issued securities) 
---------------------------- 
 Date of change 
---------------------------- 
 No. and class of securities 
  to which interest 
  related prior to change 
  Note: Details are 
  only required for 
  a contract in relation 
  to which the interest 
  has changed 
---------------------------- 
 Interest acquired 
---------------------------- 
 Interest disposed 
---------------------------- 
 Value/Consideration 
  Note: If consideration 
  is non-cash, provide 
  details and an estimated 
  valuation 
---------------------------- 
 Interest after change 
---------------------------- 
 

Part 3 - +Closed period

 
 Were the interests           No. 
  in the securities 
  or contracts detailed 
  above traded during 
  a +closed period where 
  prior written clearance 
  was required? 
---------------------------  ---- 
 If so, was prior written     No. 
  clearance provided 
  to allow the trade 
  to proceed during 
  this period? 
---------------------------  ---- 
 If prior written clearance   N/A 
  was provided, on what 
  date was this provided? 
---------------------------  ---- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHUAORRWBAAUAR

(END) Dow Jones Newswires

January 22, 2018 02:00 ET (07:00 GMT)