Admission to AIM
June 29 2005 - 4:30AM
UK Regulatory
RNS Number:1524O
Thor Mining PLC
29 June 2005
THOR MINING PLC
Admission to trading on AIM
Dated: 29 June 2005
Thor Mining PLC ("Thor" or the "Company") was admitted to trading on AIM today,
29 June 2005, following a Placing of 81,675,000 new Ordinary Shares in share
capital of the Company at 2p per Share to raise approximately #1.4 million, net
of expenses.
Thor has been established as a mineral exploration and development company
focussed on advancing its molybdenum and tungsten projects in the Northern
Territory of Australia.
The principle project of the Company is the Molyhil molybdenum-tungsten deposit
in the Northern Territory. The Molyhil deposit has an indicated resource of
1,530,000 tonnes at 0.32% WO3 and 0.19% MoS2, and an inferred resource of
500,000 tonnes at 0.25% WO3 and 0.15% MoS2.
Following the successful Placing, Thor is scheduled to commence shaft sinking
and further detailed sampling on 4 July 2005 at its Molyhil molybdenum-tungsten
project in the Northern Territory to evaluate the head grade and mineralogical
characteristics of the deposits. Further details on the Company can be obtained
from its website: www.thormining.com.
Enquiries:
John Barr 00 61 418 912 885 Thor Mining PLC Executive Chairman
John Simpson 020 7512 0191 ARM Corporate Finance Ltd Nominated Adviser
Amanda Harris 020 7618 8534 Conduit PR Public Relations
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCUWSURVSRNUAR
Thor Energy (LSE:THR)
Historical Stock Chart
From Jun 2024 to Jul 2024
Thor Energy (LSE:THR)
Historical Stock Chart
From Jul 2023 to Jul 2024