Thor Mining PLC Information relating to Australian Share Placement (2840V)

TIDMTHR

RNS Number : 2840V

Thor Mining PLC

12 December 2013

Thursday 12 December 2013

THOR MINING PLC

Information relating to Australian Share Placement

The Directors of Thor Mining PLC ("Thor" or the "Company") (AIM, ASX: THR) today released the following announcement on the Australian Securities Exchange ("ASX") as required under the listing rules of the ASX.

12 December 2013

Company Announcements Office

ASX Limited

Level 4, Exchange Centre

20 Bridge Street

Sydney NSW 2000.

Via e-lodgement

Information Required under ASX Listing Rule 3.10.5A

Thor Mining Plc ("The Company") provides the information required under ASX Listing Rule 3.10.5A as follows:

   a.   Dilution to existing holders:

The dilutive effect of the placement on existing shareholders is as follows:

 
 Placement issue under Listing Rule 7.1 (nil               - 
  CDIs) 
-----------------------------------------------------  ----- 
 Placement issue under Listing Rule 7.1A (40,000,000 
  CDIs)                                                 3.1% 
-----------------------------------------------------  ----- 
 Total dilution as a result of the placement            3.1% 
-----------------------------------------------------  ----- 
 
   b.   Further details of the approximate percentage of the issued capital post the placement held by pre-placement shareholders and new shareholders are as follows. Please note  that this information relates specifically to the portion of shares  issued under Listing Rule 7.1A only (40,000,000 CDIs): 
 
 Pre-placement security holders who did not 
  participate in the placement                         99.9% 
----------------------------------------------------  ------ 
 Pre-placement security holders who did participate 
  in the placement                                      0.1% 
----------------------------------------------------  ------ 
 Participants in the placement who were not 
  previously security holders                          25.0% 
----------------------------------------------------  ------

c. The company previously reported, in its announcement of 4 December 2013, that this issue of shares would utilise portion of the available 15% capacity pursuant to ASX Listing Rule 7.1. After further review, the company has resolved to utilise the capacity available to it under ASX Listing Rule 7.1A and considers this to be the most effective and expedient method for raising funds to meet working capital requirements.

   d.   No underwriting arrangements were in place for the placement, and 
   e.   Fees incurred in connection with the issue were $2,500

Yours Faithfully

Allan Burchard

Company Secretary and Chief Financial Officer

   Tel:         +61 8 7324 1935 
   Fax:        +61 8 8351 5169 
   Email:     admin@thormining.com

Enquiries:

 
 Mick Billing      +61 (8) 7324 1935     Thor Mining           Executive Chairman 
                                          PLC 
 Allan Burchard    +61 (8) 7324 1935     Thor Mining          CFO/Company Secretary 
                                          PLC 
 Colin Aaronson/   +44 (0) 207 383       Grant Thornton       Nominated Adviser 
  David Hignell/    5100                  UK LLP 
  Jamie Barklem 
 Nick Emerson/     +44 (0) 1483 413500   SI Capital Limited   Broker 
  Renato Rufus 
 Alex Walters/     +44 (0) 7771 713608   Cadogan PR           Financial PR 
  Emma Wigan        +44 (0) 207 839 
                    9260

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

MSCFFLFFXLFEFBX

Thor Energy (LSE:THR)
Historical Stock Chart
From Jun 2024 to Jul 2024