TIDMTHR
RNS Number : 0822M
Thor Mining PLC
10 October 2016
Monday, 10 October 2016
THOR MINING PLC
Thor Mining PLC ("Thor" or the "Company")
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.
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 / CDIs
issued or to be b) Ordinary Shares
issued c) Unlisted Options (termed
warrants in the UK)
2 Number of +securities a) Transfers of 1,500,000
issued or to be to ASX listed CDI's from
issued (if known) AIM listed shares on the
or maximum number AIM Market of the London
which may be issued Stock Exchange, during
the period 5 September
2016 to 7 October 2016.
b) Issue of 1,000,000,000
Ordinary Shares to sophisticated
investors in the UK on
7 October 2016.
Thereby increasing the
total number of securities,
listed on both AIM and
ASX, to 7,136,387,510
as at 7 October 2016.
c) Issue of 1,000,000,000
unlisted options to sophisticated
investors, on the basis
of one free option for
every one Ordinary Share
subscribed for under (b).
3 Principal terms This represents:
of the +securities a) Transfers of 1,500,000
(eg, if options, to ASX listed CDI's from
exercise price AIM listed shares on the
and expiry date; AIM Market of the London
if partly paid Stock Exchange, during
+securities, the the period 5 September
amount outstanding 2016 to 7 October 2016.
and due dates b) Issue of 1,000,000,000
for payment; if ordinary shares at a price
+convertible securities, of GBP0.00025 (0.025 pence)
the conversion per share, as announced
price and dates to the ASX on 2 September
for conversion) 2016.
c) Issue of 1,000,000,000
unlisted options on the
basis of one free option
per one share subscribed
for under (b). Each option
is exercisable for GBP0.0005
(0.05 pence) for one share,
with an expiry date of
7 April 2019.
------------------------------------------
4 Do the +securities a) Yes.
rank equally in b) Yes.
all respects from c) No. The securities
the date of allotment will rank equally with
with an existing ordinary shares upon exercise
+class of quoted of the options (if the
+securities? option holders elect to
do so).
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) Ordinary shares GBP0.00025
(0.025 pence) per share.
c) Unlisted options Nil
consideration. Issued
on the basis of one free
option per one share subscribed
for under (b)
------------------------------------------
Purpose of the Funds raised from the
issue issue will enable the
6 (If issued as Company to progress its
consideration Molyhil tungsten project.
for the acquisition The Placing will also
of assets, clearly provide the Company with
identify those additional working capital.
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 26 November 2015
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 a) N/A
issued with security b) 1,000,000,000 Ordinary
6e holder approval shares.
under rule 7.3, c) 1,000,000,000 Unlisted
or another specific options.
security holder Meeting date 6 October
approval (specify 2016.
date of meeting)
------------------------------------------
Number of securities N/A
issued under an
6f exception in rule
7.2
------------------------------------------
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: 5 September
+securities into 2016 to 7 October 2016.
uncertificated b) 7 October 2016 (in
holdings or despatch the UK)
of certificates c) 7 October 2016 (in
the UK)
------------------------------------------
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 7
8 section 2 if applicable) 1,976,717,019 October 2016.
---------------- ---------------------
Ordinary Shares
admitted to the
AIM Market of
the London Stock
Exchange, as at
7 October 2016.
Unlisted Options:
0.05 pence unlisted
warrants expiring
Number and +class 1 December 2018.
of all +securities 0.05 pence unlisted
not quoted on warrants expiring
ASX (including 7,136,387,510 5 March 2019.
the securities 1,200,000,000 0.05 pence unlisted
in section 2 if 400,000,000 warrants expiring
9 applicable) 1,000,000,000 7 April 2019.
---------------- ---------------------
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: 10 October 2016
(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 6 October 2015)
paid ordinary securities
on issue 12 months
before date of issue
or agreement to issue
4,103,091,211
------------------------------------------------------------- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Add the following:
* Number of fully paid ordinary securities issued in
that 12 month period under an exception in rule 7.2
* Number of fully paid ordinary securities issued in Placement (23/10/15)
that 12 month period with shareholder approval 76,398,285
(approved 23 July 2015)
Remuneration (17/12/15)
356,898,014
(approved 26 November
2015)
Placement (1/6/16) 336,000,000
(approved 23 June 2016)
* Number of partly paid ordinary securities that became
fully paid in that 12 month period Placement (24/6/16)
864,000,000
(approved 23 June 2016)
Note:
* Include only ordinary securities here - other classes Placement (5/9/16) 400,000,000
of equity securities cannot be added (approved 6 October
2016)
* Include here (if applicable) the securities the Placement (7/10/16)
subject of the Appendix 3B to which this form is 1,000,000,000
annexed (approved 6 October
2016)
* It may be useful to set out issues of securities on
different dates as separate line items
------------------------------------------------------------- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Subtract the number
of fully paid ordinary
securities cancelled
during that 12 month
period 0
------------------------------------------------------------- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
"A" 7,136,387,510
------------------------------------------------------------- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Step 2: Calculate 15% of "A"
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
"B" 0.15
[Note: this value cannot
be changed]
------------------------------------------------------------- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Multiply "A" by 0.15 1,070,458,126
------------------------------------------------------------- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
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
agreed to be issued
in that 12 month period
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" 0
------------------------------------------------------------- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
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 1,070,458,126
------------------------------------------------------------- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Subtract "C"
Note: number must be
same as shown in Step
3 0
------------------------------------------------------------- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total ["A" x 0.15] 1,070,458,126
- "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 7,136,387,510
-------------------------------------------------------------- -------------------------
Step 2: Calculate 10% of "A"
-----------------------------------------------------------------------------------------
"D" 0.10
Note: this value cannot
be changed
-------------------------------------------------------------- -------------------------
Multiply "A" by 0.10 713,638,751
-------------------------------------------------------------- -------------------------
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
2 713,638,751
------------------------ ----------------------------------------------------------------------------
Subtract "E"
Note: number must be
same as shown in Step
3 0
------------------------ ----------------------------------------------------------------------------
Total ["A" x 0.10]
- "E" 713,638,751
Note: this is the remaining
placement capacity
under rule 7.1A
------------------------ ----------------------------------------------------------------------------
Enquiries:
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 5100 Grant Thornton UK Nominated
Daniel Bush/ LLP Adviser
Richard Tonthat
Gerry Beaney/ +44 (0) 203 862 6625 Northland Capital Broker
David Hignell Partners Limited
John Howes
Tim Blythe/ +44 (0) 207 138 3222 Blytheweigh Financial
Camilla Horsfall 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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