Issue of Equity
August 18 2010 - 4:16AM
UK Regulatory
TIDMTHR
RNS Number : 2483R
Thor Mining PLC
18 August 2010
THOR MINING PLC
Issue of Equity
The Directors of Thor Mining PLC ("Thor" or the "Company") (AIM, ASX: THR) the
exploration company focussed on gold and base metal projects and advancing
tungsten-molybdenum projects in Australia, advise that pursuant to the
announcement released on 16 August 2010 in respect of the Company increasing its
interest in the Dundas Gold Project, the Directors of Thor confirm that
application has been made to AIM for the admission of 45,000,000 new ordinary
shares ("New Shares") to satisfy the consideration of 45,000,000 new CDI's to
the Vendors and Agents, which was approved by a vote of all shareholders at the
General Meeting held on 22 July 2010.
Accordingly, application will be made to the London Stock Exchange for the New
Shares, which will rank pari passu with the Company's existing issued ordinary
shares, to be admitted and dealings are expected to commence at 8:00 a.m. (BST)
on 24 August 2010. In Australia an application has been made to the Australian
Securities Exchange (the "ASX") for the quotation of New CDI's. Dealings are
expected to commence on 24 August 2010.
In accordance with the Financial Services Authority Disclosure and Transparency
Rules, the Company has 381,559,912 Ordinary Shares of 0.3p each in issue, each
share carrying the right to one vote. The Company does not hold any Ordinary
Shares in Treasury.
The above figure of 381,559,912 Ordinary Shares 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 share capital of the Company under the Financial Service Authority's
Disclosure and Transparency Rules.
Enquiries:
+------------+------------+------------------------+--------------+
| Mick | + 61 | Thor Mining PLC | Executive |
| Billing | (0)414 741 | | Chairman |
| | 007 | | |
+------------+------------+------------------------+--------------+
| | | | |
+------------+------------+------------------------+--------------+
| Laurie | +61 (0) 8 | Thor Mining PLC | CFO/Company |
| Ackroyd | 8177 8800 | | Secretary |
+------------+------------+------------------------+--------------+
| | | | |
+------------+------------+------------------------+--------------+
| John | + 44 (0)20 | Daniel Stewart & | Nominated |
| Simpson | 7776 6550 | Company Plc | Adviser |
+------------+------------+------------------------+--------------+
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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