Thor Mining PLC Exercise of Warrants (7033Z)
March 17 2017 - 2:00AM
UK Regulatory
TIDMTHR
RNS Number : 7033Z
Thor Mining PLC
17 March 2017
17 March 2017
THOR MINING PLC
EXERCISE OF WARRANTS
The Board of Thor Mining Plc ("Thor" or the "Company") (AIM,
ASX: THR), advises that it has received a binding warrant exercise
notice from Beaufort Securities Limited for the exercise of
3,312,477 warrants over ordinary shares of 0.01 pence each in the
capital of the Company ("Ordinary Shares"), each with an exercise
price of 0.9 pence per warrant. The gross proceeds of the exercise
of these warrants amounts in aggregate to GBP29,812.
Application has been made for 3,312,477 new Ordinary Shares,
which rank pari passu with the Company's existing issued ordinary
share capital, to be admitted to trading on the AIM Market of the
London Stock Exchange ("AIM"). Dealings on AIM are expected to
commence at 8.00 a.m. on or around 21 March 2017 ("Admission").
Total Voting Rights
For the purposes of the Financial Conduct Authority's Disclosure
Guidance and Transparency Rules ("DTRs"), following Admission, Thor
will have 372,250,843 Ordinary Shares in issue with voting rights
attached. Thor holds no shares in treasury. This figure of
372,250,843 may be used by shareholders in the Company as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change to their
interest in the Company, under the ASX Listing Rules or the
DTRs.
Mr Mick Billing, Executive Chairman of Thor: "We are very
pleased with this ongoing support from our investors. The recently
announced very positive news regarding drilling results at Pilot
Mountain provide a compelling case for follow up work, and funds
raised via exercise of warrants can contribute towards this."
"We eagerly await the results of assays following the successful
drill programme which are expected in the near term and which will
further highlight the extent of mineralisation at what the Board
believe is a substantial strategic metals project in Nevada, United
States. "
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) 207 383 Grant Thornton Nominated
Daniel Bush/ 5100 UK LLP Adviser
Richard Tonthat
Elliot Hance +44 (0) 207382 Beaufort Securities Joint Broker
8300 Limited
Nick Emerson +44 (0) 1483 SI Capital Ltd Joint Broker
/ Andy Thacker 413 500
Tim Blythe/ +44 (0) 207 138 Blytheweigh Financial
Camilla Horsfall 3222 PR
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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