Issue of Equity (4615Z)
January 14 2011 - 2:00AM
UK Regulatory
TIDMTHR
RNS Number : 4615Z
Thor Mining PLC
14 January 2011
THOR MINING PLC
Issue of Equity
Dated: 14January 2011
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 the Northern
Territory of Australia, today successfully raised a total of
approximately GBP1,100 000 by way of a placing of a total of
49,777,778 new ordinary shares of 0.3p each in the capital of the
Company (the "Placing"). Approximately GBP670,000 by way of a
placing of 29,777,778 new ordinary shares of 0.3p each in the
capital of the Company (the "UK Placing Shares") to UK
sophisticated clients of Simple Investments at 2.25p per UK Placing
Share and approximately AUD$700,000 (approximately GBP440,000 at
current exchange rates) by way of a placing of 20,000,000 new
ordinary shares of 0.3p each in the capital of the Company (the
"AUS Placing Shares") through the issue of 20,000,000 voting CDI's
in the Company (the "CDI's") at 3.5 cents per CDI to sophisticated
investor clients of Patersons Securities Limited in Australia. The
Placing is conditional on the UK Placing Shares and the AUS Placing
Shares being admitted to trading on AIM.
Thor today released the following announcement on the Australian
Securities Exchange ("ASX")
"Thor Mining PLC hereby applies for a voluntary Trading Halt on
the Company's quoted securities (ASX: "THR" & "THRO") pursuant
to Listing Rule 17.1 for a period ending no later that the opening
of trade on Monday 17th January 2011 when an announcement
concerning a planned Share Placement is expected to be made by the
Company.
The Halt should terminate upon release of an announcement of a
Share Placement (by way of Chess Depository Interests), to
sophisticated investors, to the market.
Thor Mining PLC is not aware of any reason why the trading halt
should not be granted."
An application will be made to the London Stock Exchange for the
UK Placing Shares and the AUS Placing Shares, which will rank pari
passu with the Company's existing issued ordinary shares, to be
admitted to trading and dealings are expected to commence at 8:00
a.m. (BST) on Tuesday 25 January 2011. In Australia an application
will be made to the Australian Securities Exchange (the "ASX") for
the quotation of New CDI's. Dealings are expected to commence on
Tuesday 25 January 2011.
Following the issue of the UK Placing Shares and the AUS Placing
Shares the Company's total issued share capital will be 489,058,654
ordinary shares of 0.3p each. In accordance with the Financial
Services Authority Disclosure and Transparency Rules, the Company
has 489,058,654 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 489,058,654 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 Billing +61 (8) 7324 Thor Mining PLC Executive Chairman
1935
Allan Burchard +61 (8) 7324 Thor Mining PLC CFO/Company Secretary
1935
John Simpson +44 (0)20 7776 Daniel Stewart Nominated Adviser
6550 & Co. plc
Nick Emerson/ +44 (0) 1483 Simple Investments Broker
Renato Rufus 413500
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
IOEBJMBTMBTBTJB
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