TIDMTHR

RNS Number : 7022X

Thor Mining PLC

21 November 2014

Friday, 21 November 2014

THOR MINING PLC

Thor Mining PLC ("Thor" or the "Company")

Thor Mining PLC (AIM, ASX: THR) today announces the following change of holding by Michael Robert Billing as notified to the Australian Securities Exchange ("ASX") as required under the listing rules of the ASX.

Rule 3.19A.2

Appendix 3Y

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

 
Name of entity: Thor Mining PLC 
ARBN: 121 117 673 
 

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

 
 -- Name of Director   Michael Robert Billing 
 Date of last notice   11 November 2014 
                      ----------------------- 
 

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

 
 Direct or indirect interest            Direct & Indirect 
 Nature of indirect interest            Michael Billing is: 
  (including registered holder)           *    a trustee and beneficiary of the Lapun Kamap Super 
  Note: Provide details of                     Fund and 
  the circumstances giving 
  rise to the relevant interest. 
                                          *    a director and shareholder of MBB Trading Pty Ltd. 
                                       ----------------------------------------------------------------- 
 Date of change                         14 November 2014 
                                       ----------------------------------------------------------------- 
 No. of securities held before 
  change - Direct                          *    10,735,570 CDIs 
 
 
                                           *    2,500,000 AIM listed Shares 
                                       ----------------------------------------------------------------- 
 No. of securities held before           Held by Mr M Billing and Mrs B Billing 
  change - Indirect                       as trustees and beneficiaries of the 
                                          Lapun Kamap Super Fund. 
                                           *    59,845,087 CDIs 
 
 
 
                                          Held by MBB Trading Pty Ltd 
                                           *    29,578,294 CDIs. 
                                       ----------------------------------------------------------------- 
 Class 
                                              *    CDIs (ASX) 
 
 
                                              *    Shares (AIM) 
                                       ----------------------------------------------------------------- 
 Number acquired - Direct 
                                          *    Nil 
                                       ----------------------------------------------------------------- 
 Number acquired - Indirect 
                                          *    7,271,610 CDIs held by Mr M Billing and Mrs B Billing 
                                               as trustees and beneficiaries of the Lapun Kamap 
                                               Super Fund. 
 
 
                                          *    Nil 
                                       ----------------------------------------------------------------- 
 Number disposed                              N/A 
                                       ----------------------------------------------------------------- 
 Value/Consideration                    The CDIs were received for Nil consideration. 
  (a) Note: If consideration 
  is non-cash, provide details           The value of the CDIs at the ASX closing 
  and estimated valuation                price of $0.003 on 19 November 2014 
                                         was $21,815. 
                                       ----------------------------------------------------------------- 
 No. of securities held after 
  change - Direct                          *    10,735,570 CDIs 
 
 
                                           *    2,500,000 AIM listed Shares 
                                       ----------------------------------------------------------------- 
 No. of securities held after             Held by Mr M Billing and Mrs B Billing 
  change - Indirect                        as trustees and beneficiaries of the 
                                           Lapun Kamap Super Fund. 
                                            *    67,116,697 CDIs (7,271,610 being held in escrow until 
                                                 27 October 2015). 
 
 
 
                                           Held by MBB Trading Pty Ltd 
                                            *    29,578,294 CDIs. 
                                       ----------------------------------------------------------------- 
     Nature of change                       Consideration paid by Thor Mining, 
      (b) Example: on-market                 for the acquisition of Pilot Mountain, 
      trade, off-market trade,               from Black Fire Minerals Limited 
      exercise of options, issue             (ASX: BFE), was 418,750,000 Thor 
      of securities under dividend           Mining CDIs (refer ASX announcement 
      reinvestment plan, participation       28 October 2014). Black Fire Minerals 
      in buy-back                            Limited subsequently made an in specie 
                                             distribution to it's shareholders, 
                                             of the 418,750,000 Thor Mining CDI's. 
                                             Statements related to the in specie 
                                             distribution were issued by our registrar 
                                             on Friday 14 November 2014. As a 
                                             shareholder in Black Fire Minerals 
                                             Limited, Mr M Billing and Mrs B Billing 
                                             (as trustees and beneficiaries of 
                                             the Lapun Kamap Super Fund), received 
                                             7,271,610 CDI's. 
                                             The CDIs are held in escrow until 
                                             27 October 2015. 
                                           ------------------------------------------------------------- 
 
 

Part 2 - Change of director's interests in contracts

 
 Detail of contract 
 Nature of interest 
 
 Name of registered holder 
  (if issued securities) 
 
 Date of change 
 
 No. and class of securities 
  to which interest related 
  prior to change 
  Note: Details are only required 
  for a contract in relation 
  to which the interest has 
  changed 
 
 Interest acquired 
 
 Interest disposed 
 
 Value/Consideration 
  Note: If consideration is 
  non-cash, provide details 
  and an estimated valuation 
 
 Interest after change 
 
 

Part 3 - +Closed period

 
 Were the interests in the       No. 
  securities or contracts 
  detailed above traded during 
  a +closed period where 
  prior written clearance 
  was required? 
 If so, was prior written        N/A 
  clearance provided to allow 
  the trade to proceed during 
  this period? 
                                ---- 
 If prior written clearance      N/A 
  was provided, on what date 
  was this provided? 
                                ---- 
 

Enquiries:

 
Mick Billing      +61 (8) 7324 1935    Thor Mining PLC  Executive Chairman 
Ray Ridge         +61 (8) 7324 1935    Thor Mining PLC  CFO/Company 
                                                         Secretary 
Colin Aaronson/   +44 (0) 207 383      Grant Thornton   Nominated Adviser 
 David Hignell/    5100                 UK LLP 
 Harrison Clarke 
Andrew Monk/      +44 (0) 20 3005      VSA Capital Ltd  Broker 
 Bhavesh Patel     5000 
Alex Walters      +44 (0) 7771 713608  Cadogan PR       Financial PR 
                   +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

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