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THR Thor Energy Plc

1.20
0.00 (0.00%)
Last Updated: 08:00:00
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% 1.20 1.10 1.30 1.20 1.20 1.20 22,003 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Misc Nonmtl Minrls, Ex Fuels 0 -520k -0.0019 -6.32 3.34M

Thor Mining PLC Director/PDMR Shareholding (5240V)

03/12/2019 12:18pm

UK Regulatory


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TIDMTHR

RNS Number : 5240V

Thor Mining PLC

03 December 2019

Tuesday, 3 December 2019

THOR MINING PLC

("Thor" or the "Company")

Director/PDMR Shareholding

The Directors of Thor Mining PLC (AIM, ASX: THR) are pleased to advise of the acquisition on 29 November 2019 by a Director, Michael Billing, of ordinary shares of 0.01p each in the capital of the Company ("Ordinary Shares") through participation in a placement on the same terms as other placees, as approved by shareholders at the Annual General Meeting held on 28 November 2019.

The relevant details are provided in the notifications below, made in accordance with the requirements of the EU Market Abuse Regulation and the Australian Securities Exchange.

 
Mick Billing            +61 (8) 7324 1935  Thor Mining PLC    Executive Chairman 
Ray Ridge               +61 (8) 7324 1935  Thor Mining PLC    CFO/Company 
                                                               Secretary 
Colin Aaronson/         +44 (0) 207 383    Grant Thornton UK  Nominated Adviser 
 Richard Tonthat/        5100               LLP 
 Ben Roberts 
Claire Louise           +44 (0) 203 764    Hybridan LLP       Joint Broker 
 Noyce /                 2341 
 John Beresford-Peirse 
Nick Emerson            +44 (0) 1483 413   SI Capital Ltd     Joint Broker 
                         500 
 
 

Enquiries:

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 (AIM, ASX: THR) 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 August 2018(1) suggested attractive returns.

Adjacent Molyhil, at Bonya, Thor holds a 40% interest in deposits of tungsten, copper, and vanadium, including an Inferred resource for the Bonya copper deposit(2).

Thor also holds 100% of the Pilot Mountain tungsten project in Nevada USA which has a JORC 2012 Indicated and Inferred Resources Estimate(3) on 2 of the 4 known deposits. The US Department of the Interior has confirmed that tungsten, the primary resource mineral at Pilot Mountain, has been included in the final list of Critical Minerals 2018.

Thor holds a 25% interest Australian copper development company EnviroCopper Limited (with rights to increase its interest to 30%). EnviroCopper Limited holds:

-- rights to earn up to a 75% interest in the mineral rights and claims over the resource on the portion of the historic Kapunda copper mine in South Australia recoverable by way of in situ recovery; and

-- rights to earn up to 75% of the Moonta copper project, also in South Australia comprising the northern portion of exploration licence EL5984 and includes a resource estimate for several deposits.

Thor has an interest in Hawkstone Mining Limited, an Australian ASX listed company with a 100% Interest in a Lithium project with a JORC compliant resource in Arizona, USA.

Finally, Thor also holds a production royalty entitlement from the Spring Hill Gold project 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 23 August 2018

(2) Refer ASX and AIM announcement of 26 November 2018

(3) Refer AIM announcement of 13 December 2018 and ASX announcement of 14 December 2018

Refer AIM announcement of 10 February 2016 and ASX announcement of 12 February 2018

Refer ASX and AIM announcement of 15 August 2019

Refer AIM announcement of 26 February 2016 and ASX announcement of 29 February 2016

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 30/9/2001.

 
Name of entity: Thor Mining PLC 
ARBN: 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      Michael Robert Billing 
 Date of last notice   9 November 2018 
                      ----------------------- 
 

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

 
 Direct or indirect interest        Direct & Indirect 
 Nature of indirect interest        Michael Billing is: 
  (including registered holder)       *    a trustee and beneficiary of the Lapun Kamap Super 
  Note: Provide details of                 Fund 
  the circumstances giving 
  rise to the relevant interest. 
                                      *    a trustee and beneficiary of the Lapun Kamap BB Super 
                                           Fund 
 
 
                                      *    a director and shareholder of MBB Trading Pty Ltd. 
                                   ------------------------------------------------------------------ 
 Date of change                     29 November 2019 
                                   ------------------------------------------------------------------ 
 No. of securities held before 
  change - Direct                          *    6,173,340 CDIs 
 
 
                                           *    100,000 AIM listed Shares 
 
 
                                           *    3,000,000 Unlisted options, exercise price 1.8 pence, 
                                                expiry 31/3/20. 
 
 
                                           *    4,500,000 Unlisted options, exercise price 3.5625 
                                                pence, expiry 07/06/21. 
                                   ------------------------------------------------------------------ 
 No. of securities held before       Held by Mr M Billing and Mrs B Billing 
  change - Indirect                   as trustees and beneficiaries of 
                                      the Lapun Kamap Super Fund. 
                                       *    13,373,689 CDIs 
 
 
 
                                      Held by Mr M Billing and Mrs B Billing 
                                      as trustees and beneficiaries of 
                                      the Lapun Kamap BB Super Fund. 
                                       *    4,375,000 CDIs 
 
 
 
                                      Held by MBB Trading Pty Ltd 
                                       *    11,385,394 CDIs 
                                   ------------------------------------------------------------------ 
 Class                              CDIs 
                                   ------------------------------------------------------------------ 
 Number acquired - Direct           Nil 
                                   ------------------------------------------------------------------ 
 Number acquired - Indirect         3,300,000 CDIs acquired by Mr M Billing 
                                     and Mrs B Billing as trustees and 
                                     beneficiaries of the Lapun Kamap 
                                     Super Fund 
 
                                     3,300,000 CDIs acquired by Mr M Billing 
                                     and Mrs B Billing as trustees and 
                                     beneficiaries of the Lapun Kamap 
                                     BB Super Fund 
 
                                     3,400,000 CDIs acquired by MBB Trading 
                                     Pty Ltd 
                                   ------------------------------------------------------------------ 
 Number disposed                          N/A 
                                   ------------------------------------------------------------------ 
 Value/Consideration                GBP0.002 per CDI, or total consideration 
  Note: If consideration is          of GBP20,000. 
  non-cash, provide details 
  and estimated valuation 
                                   ------------------------------------------------------------------ 
 No. of securities held after 
  change - Direct                     *    6,173,340 CDIs 
 
 
                                      *    100,000 AIM listed Shares 
 
 
                                      *    3,000,000 Unlisted options, exercise price 1.8 pence, 
                                           expiry 31/3/20. 
 
 
                                      *    4,500,000 Unlisted options, exercise price 3.5625 
                                           pence, expiry 07/06/21. 
                                   ------------------------------------------------------------------ 
 No. of securities held after        Held by Mr M Billing and Mrs B Billing 
  change - Indirect                   as trustees and beneficiaries of 
                                      the Lapun Kamap Super Fund. 
                                       *    16,673,689 CDIs 
 
 
 
                                      Held by Mr M Billing and Mrs B Billing 
                                      as trustees and beneficiaries of 
                                      the Lapun Kamap BB Super Fund. 
                                       *    7,675,000 CDIs 
 
 
 
                                      Held by MBB Trading Pty Ltd 
                                       *    14,785,394 CDIs 
                                   ------------------------------------------------------------------ 
 Nature of change                   CDIs acquired as a result of participation 
  Example: on-market trade,          in the recent placement on the same 
  off-market trade, exercise         terms as other placees. Approved 
  of options, issue of securities    by Shareholders on 28 November 2019. 
  under dividend reinvestment 
  plan, participation in buy-back 
                                   ------------------------------------------------------------------ 
 

Part 2 - Change of director's interests in contracts

 
 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 estimated valuation 
 
 Interest after change 
 
 

Part 3 - +Closed period

 
 Were the interests in the       No. 
  securities or contracts 
  detailed above traded during 
  a +closed period where 
  prior written clearance 
  was required? 
 If so, was prior written        N/A 
  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? 
                                ---- 
 

Notification of Transactions of Persons Discharging Managerial Responsibility and Persons Closely Associated with them

 
 1      Details of the person discharging managerial responsibilities 
         / person closely associated 
 a)     Name                                        Michael Billing 
 
                                                     Details of legal persons: 
                                                     (a) Lapun Kamap Super Fund (Michael 
                                                     Billing is a trustee and beneficiary). 
                                                     (b) Lapun Kamap BB Super Fund (Michael 
                                                     Billing is a trustee and beneficiary). 
                                                     (c) MBB Trading Pty Ltd (Michael 
                                                     Billing is a director and shareholder). 
       -------------------------------------  ---------------------------------------------------- 
 2      Reason for the notification 
       ------------------------------------------------------------------------------------------- 
 a)     Position/status                        Executive Chairman 
       -------------------------------------  ---------------------------------------------------- 
 b)     Initial notification                   Initial notification 
         /Amendment 
       -------------------------------------  ---------------------------------------------------- 
 3      Details of the issuer, emission allowance market participant, 
         auction platform, auctioneer or auction monitor 
       ------------------------------------------------------------------------------------------- 
 a)     Name                                   Thor Mining Plc 
       -------------------------------------  ---------------------------------------------------- 
 b)     LEI                                    213800WO61Y9GPALD478 
       -------------------------------------  ---------------------------------------------------- 
 4      Details of the transaction(s): section to be repeated 
         for (i) each type of instrument; (ii) each type of transaction; 
         (iii) each date; and (iv) each place where transactions 
         have been conducted 
       ------------------------------------------------------------------------------------------- 
 a)     Description of the                     Ordinary shares of 0.01 pence each 
         financial instrument, 
         type of instrument 
 
        Identification code                    GB00BD0NBV71 
 
 b)     Nature of the transaction              Participation in a placement, on 
                                                the same terms as other investors. 
                                                Ordinary Shares allotted as follows: 
                                                (a) Lapun Kamap Super Fund 3,30,000. 
                                                (b) Lapun Kamap BB Super Fund 3,300,000. 
                                                (c) MBB Trading Pty Ltd 3,400,000. 
       -------------------------------------  ---------------------------------------------------- 
 .c)    Price(s) and volume(s) 
                                               ------------------------  ----------------------- 
                                                Price(s)                  Volume(s) 
                                               ------------------------  ----------------------- 
    0.2 pence                                                             10,000,000 
   --------------------------------------------------------------------  ----------------------- 
 
 d)     Aggregated information 
 
  - Aggregated volume                    Aggregate volume: 10,000,000 
  - Price                                Aggregate price: 0.2 pence 
                                          Aggregate total: GBP20,000.00 
 
 e)     Date of the transaction                29 November 2019 
       -------------------------------------  ---------------------------------------------------- 
 f)     Place of the transaction               London Stock Exchange's AIM Market 
       -------------------------------------  ---------------------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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December 03, 2019 07:18 ET (12:18 GMT)

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