TIDMTHR
RNS Number : 3082J
Thor Mining PLC
27 June 2017
Tuesday, 27 June 2017
THOR MINING PLC
Thor Mining PLC ("Thor" or the "Company")
Appendix 3B - Grant of Warrants
The Directors of Thor Mining PLC (AIM, ASX: THR) today released
the following announcement on the Australian Securities Exchange
("ASX"), as required under the listing rules of the ASX, concerning
the grant of 3,500,000 warrants over ordinary shares of 0.01 pence
each in the capital of the Company ("Ordinary Shares").
The Company has today granted 2,000,000 warrants over Ordinary
Shares to the Company's joint broker, SI Capital Limited, as a fee
for services provided, with an exercise price of 1.8 pence each and
an expiry date of 27 June 2019. In addition, 1,500,000 warrants
over Ordinary Shares were today granted to a nominee of the
Company's Exploration Manager, also with an exercise price of 1.8
pence each and with an expiry date of 27 June 2020.
Rule 2.7, 3.10.3, 3.10.4, 3.10.5
Appendix 3B
New issue announcement,
application for quotation of additional securities
and agreement
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 01/07/96 Origin: Appendix 5 Amended 01/07/98,
01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05,
01/08/12
Name of entity
Thor Mining PLC
---------------
ABN
121 117 673
-----------
We (the entity) give ASX the following information.
Part 1 -- All issues
You must complete the relevant sections (attach sheets if there
is not enough space).
1 +Class of +securities (a) Ordinary shares / CDIs
issued or to be issued (b) Unlisted Options
(c) Unlisted Options
2 Number of +securities (a) Transfers of 750,000 from
issued or to be issued AIM listed shares on the AIM
(if known) or maximum Market of the London Stock Exchange,
number which may be to ASX listed CDI's, during the
issued period 19 April 2017 to 26 June
2017.
(b) Grant of 2,000,000 Options
(termed warrants in the UK) on
27 June 2017, to the Company's
joint sponsoring broker SI Capital
Limited.
(c) Grant of 1,500,000 Options
(termed warrants in the UK) on
27 June 2017, to a nominee of
the Company's Exploration Manager,
Richard Bradey.
The total number of securities,
listed on both AIM and ASX, remains
unchanged at 373,013,208 as at
27 June 2017.
3 Principal terms of This represents:
the +securities (eg, (a) Transfers between AIM listed
if options, exercise shares on the AIM Market of the
price and expiry date; London Stock Exchange, and ASX
if partly paid +securities, listed CDI's.
the amount outstanding (b) Grant of 2,000,000 Options
and due dates for payment; (termed warrants in the UK) on
if +convertible securities, 27 June 2017, to the Company's
the conversion price joint sponsoring broker SI Capital
and dates for conversion) Limited. The Options have an
exercise price of GBP0.018 (1.8
pence) and an expiry date of
27 June 2019.
(c) Grant of 1,500,000 Options
(termed warrants in the UK) on
27 June 2017, to a nominee of
the Company's Exploration Manager,
Richard Bradey. The Options have
an exercise price of GBP0.018
(1.8 pence) and an expiry date
of 27 June 2020.
-----------------------------------------------
4 Do the +securities (a) Yes.
rank equally in all (b) Each Option entitles the
respects from the date holder to acquire one Ordinary
of allotment with an Share in Thor. Once exercised
existing +class of the Shares will rank equally
quoted +securities? with existing Ordinary Shares.
(c) Each Option entitles the
If the additional securities holder to acquire one Ordinary
do not rank equally, Share in Thor. Once exercised
please state: the Shares will rank equally
* the date from which they do with existing Ordinary Shares.
* the extent to which they participate for the next
dividend, (in the case of a trust, distribution) or
interest payment
* the extent to which they do not rank equally, other
than in relation to the next dividend, distribution
or interest payment
-----------------------------------------------
5 Issue price or consideration (a) N/A
(b) Nil. The Options were granted
to the Company's joint sponsoring
broker in recognition of services
provided.
(c) Nil. The Options were granted
to an employee of the Company
in recognition of services provided.
-----------------------------------------------
6 Purpose of the issue (a) N/A
(If issued as consideration (b) The Options were granted
for the acquisition to the Company's joint sponsoring
of assets, clearly broker in recognition of services
identify those assets) provided.
(c) The Options were granted
to an employee of the Company
in recognition of services provided.
-----------------------------------------------
6a Is the entity an +eligible Yes
entity that has obtained
security holder approval
under rule 7.1A?
If Yes, complete sections
6b - 6h in relation
to the +securities
the subject of this
Appendix 3B, and comply
with section 6i
-----------------------------------------------
6b The date the security 24 November 2016
holder resolution under
rule 7.1A was passed
-----------------------------------------------
6c Number of +securities (a) N/A
issued without security
holder approval under
rule 7.1
(b) 2,000,000
(c) 1,500,000
-----------------------------------------------
6d Number of +securities N/A
issued with security
holder approval under
rule 7.1A
-----------------------------------------------
6e Number of +securities N/A
issued with security
holder approval under
rule 7.3, or another
specific security holder
approval (specify date
of meeting)
-----------------------------------------------
6f Number of securities N/A
issued under an exception
in rule 7.2
-----------------------------------------------
6g If securities issued N/A
under rule 7.1A, was
issue price at least
75% of 15 day VWAP
as calculated under
rule 7.1A.3? Include
the issue date and
both values. Include
the source of the VWAP
calculation.
-----------------------------------------------
6h If securities were N/A
issued under rule 7.1A
for non-cash consideration,
state date on which
valuation of consideration
was released to ASX
Market Announcements.
-----------------------------------------------
6i Calculate the entity's Refer attached Annexure 1
remaining issue capacity
under rule 7.1 and
rule 7.1A - complete
Annexure 1 and release
to ASX Market Announcements
-----------------------------------------------
7 Dates of entering +securities (a) Transfers 19 April 2017 to
into uncertificated 26 June 2017
holdings or despatch (b) 27 June 2017
of certificates (c) 27 June 2017
-----------------------------------------------
Number +Class
---------------- ----------------------------
Number and +class of
all +securities quoted Ordinary Shares quoted
on ASX (including the by
securities in section ASX ("THR" as CDIs)
8 2 if applicable) 122,935,270 as at 27 June 2017.
---------------- ----------------------------
Ordinary Shares admitted
to the AIM Market of
the London Stock Exchange,
as at 27 June 2017.
Unlisted Options:
0.9 pence unlisted
warrants
expiring 27 July 2018.
1.25 pence unlisted
warrants expiring 1
December 2018.
1.25 pence unlisted
warrants expiring 5
March 2019.
1.25 pence unlisted
warrants expiring 7
April 2019.
1.25 pence unlisted
warrants expiring 11
April 2019.
1.8 pence unlisted
warrants
250,077,938 expiring 27 June 2019.
20,445,132 1.25 pence unlisted
48,000,000 warrants expiring 26
16,000,000 July 2019.
40,000,000 1.25 pence unlisted
Number and +class of 13,840,000 warrants expiring 2
all +securities not 2,000,000 September 2019.
quoted on ASX (including 20,000,000 1.8 pence unlisted
the securities in section 10,000,000 warrants
9 2 if applicable) 1,500,000 expiring 27 June 2020.
---------------- ----------------------------
10 Dividend policy (in No Policy
the case of a trust,
distribution policy)
on the increased capital
(interests)
----------------------------------------------
Part 2 -- Bonus issue or pro rata issue - Not Applicable
Part 3 -- Quotation of securities
You need only complete this section if you are applying for
quotation of securities
34 Type of securities
(tick one)
(a) ü Securities described in Part 1
-------
(b) All other securities
Example: restricted securities at the end of the
escrowed period, partly paid securities that become
fully paid, employee incentive share securities
when restriction ends, securities issued on expiry
or conversion of convertible securities
Entities that have ticked box 34(a)
Additional securities forming a new class of securities
Tick to indicate you are providing
the information or documents
35 If the +securities are +equity securities, the
names of the 20 largest holders of the additional
+securities, and the number and percentage of
additional +securities held by those holders
36 If the +securities are +equity securities, a distribution
schedule of the additional +securities setting
out the number of holders in the categories
1 - 1,000
1,001 - 5,000
5,001 - 10,000
10,001 - 100,000
100,001 and over
37 A copy of any trust deed for the additional +securities
Entities that have ticked box 34(b)
38 Number of securities
for which +quotation
is sought
39 Class of +securities
for which quotation
is sought
----------------------------
40 Do the +securities
rank equally in all
respects from the date
of allotment with an
existing +class of
quoted +securities?
If the additional securities
do not rank equally,
please state:
* the date from which they do
* the extent to which they participate for the next
dividend, (in the case of a trust, distribution) or
interest payment
* the extent to which they do not rank equally, other
than in relation to the next dividend, distribution
or interest payment
41 Reason for request
for quotation now
Example: In the case
of restricted securities,
end of restriction
period
(if issued upon conversion
of another security,
clearly identify that
other security)
----------------------------
Number +Class
------------- -------------
42 Number and +class of
all +securities quoted
on ASX (including the
securities in clause
38)
------------- -------------
Quotation agreement
1 +Quotation of our additional +securities is in ASX's absolute
discretion. ASX may quote the +securities on any conditions it
decides.
2 We warrant the following to ASX.
-- The issue of the +securities to be quoted complies with the
law and is not for an illegal purpose.
-- There is no reason why those +securities should not be granted +quotation.
-- An offer of the (+) securities for sale within 12 months
after their issue will not require disclosure under section 707(3)
or section 1012C(6) of the Corporations Act.
Note: An entity may need to obtain appropriate warranties from
subscribers for the securities in order to be able to give this
warranty
-- Section 724 or section 1016E of the Corporations Act does not
apply to any applications received by us in relation to any
+securities to be quoted and that no-one has any right to return
any +securities to be quoted under sections 737, 738 or 1016F of
the Corporations Act at the time that we request that the
+securities be quoted.
-- If we are a trust, we warrant that no person has the right to
return the +securities to be quoted under section 1019B of the
Corporations Act at the time that we request that the +securities
be quoted.
3 We will indemnify ASX to the fullest extent permitted by law
in respect of any claim, action or expense arising from or
connected with any breach of the warranties in this agreement.
4 We give ASX the information and documents required by this
form. If any information or document not available now, will give
it to ASX before +quotation of the +securities begins. We
acknowledge that ASX is relying on the information and documents.
We warrant that they are (will be) true and complete.
Sign here: .............................. Date: 27 June 2017
(Company Secretary)
Print name: Ray Ridge
== == == == ==
Appendix 3B - Annexure 1
Calculation of placement capacity under rule 7.1 and rule 7.1A
for (+) eligible entities
Introduced 01/08/12
Part 1
Rule 7.1 - Issues exceeding 15% of capital
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Step 1: Calculate "A", the base figure from which the
placement capacity is calculated
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Insert number of fully paid as at 26 June 2016 229,455,501
ordinary securities on issue (5,736,387,525 pre-consolidation)
12 months before date of
issue or agreement to issue
------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Add the following:
* Number of fully paid ordinary securities issued in Placement (5/9/16) 16,000,000
that 12 month period under an exception in rule 7.2 (approved 6 October 2016)
(pre consolidation 400,000,000)
* Number of fully paid ordinary securities issued in
that 12 month period with shareholder approval Placement (7/10/16) 40,000,000
(approved 6 October 2016)
(pre consolidation 1,000,000,000)
* Number of partly paid ordinary securities that became
fully paid in that 12 month period
Placement (11/10/16) 13,840,000
(approved 6 October 2016)
Note: (pre consolidation 346,000,000)
* Include only ordinary securities here - other classes
of equity securities cannot be added
Remuneration (25/11/2016) 17,862,839
(approved 24 November 2016)
* Include here (if applicable) the securities the (pre consolidation 446,570,973)
subject of the Appendix 3B to which this form is
annexed Issue - options exercised 1,780,026
(Issued 17/3/17)
* It may be useful to set out issues of securities on Issue - options exercised 3,312,477
different dates as separate line items (Issued 20/3/17)
Issue - options exercised 762,365
(Issued 10/4/17)
------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Subtract the number of fully
paid ordinary securities
cancelled during that 12
month period 0
------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
"A" 323,013,208
------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Step 2: Calculate 15% of "A"
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
"B" 0.15
[Note: this value cannot be
changed]
------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Multiply "A" by 0.15 48,451,981
------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Step 3: Calculate "C", the amount of placement capacity
under rule 7.1 that has already been used
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Insert number of equity securities
issued or agreed to be issued Placement Shares (27/01/17)
in that 12 month period not 18,284,166
counting those issued: Warrants (27/01/17) 26,300,000
* Under an exception in rule 7.2 Warrants (27/06/17) 3,500,000
* Under rule 7.1A
* With security holder approval under rule 7.1 or rule
7.4
Note:
* This applies to equity securities, unless
specifically excluded - not just ordinary securities
* Include here (if applicable ) the securities the
subject of the Appendix 3B to which this form is
annexed
* It may be useful to set out issues of securities on
different dates as separate line items
------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
"C" 48,084,166
------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Step 4: Subtract "C" from ["A" x "B"] to calculate remaining
placement capacity under rule 7.1
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
"A" x 0.15
Note: number must be same
as shown in Step 2 48,451,981
------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Subtract "C"
Note: number must be same
as shown in Step 3 48,084,166
------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total ["A" x 0.15] - "C" 367,815
[Note: this is the remaining
placement capacity under rule
7.1]
------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Part 2
Rule 7.1A - Additional placement capacity for eligible
entities
--------------------------------------------------------------------------------------------
Step 1: Calculate "A", the base figure from which the
placement capacity is calculated
--------------------------------------------------------------------------------------------
"A"
Note: number must be same
as shown in Step 1 of Part
1 323,013,208
-------------------------------------------------------------- ----------------------------
Step 2: Calculate 10% of "A"
--------------------------------------------------------------------------------------------
"D" 0.10
Note: this value cannot be
changed
-------------------------------------------------------------- ----------------------------
Multiply "A" by 0.10 32,301,320
-------------------------------------------------------------- ----------------------------
Step 3: Calculate "E", the amount of placement capacity
under rule 7.1A that has already been used
--------------------------------------------------------------------------------------------
Insert number of equity securities Placement Shares (27/01/17)
issued or agreed to be issued 31,715,834
in that 12 month period under
rule 7.1A
Notes:
* This applies to equity securities - not just ordinary
securities
* Include here - if applicable - the securities the
subject of the Appendix 3B to which this form is
annexed
* Do not include equity securities issued under rule
7.1 (they must be dealt with in Part 1), or for which
specific security holder approval has been obtained
* It may be useful to set out issues of securities on
different dates as separate line items
-------------------------------------------------------------- ----------------------------
"E" 31,715,834
-------------------------------------------------------------- ----------------------------
Step 4: Subtract "E" from ["A" x "D"] to calculate remaining
placement capacity under rule 7.1A
-------------------------------------------------------------------------------------------------------------
"A" x 0.10
Note: number must be same
as shown in Step 2 32,301,320
---------------------------- -------------------------------------------------------------------------------
Subtract "E"
Note: number must be same
as shown in Step 3 31,715,834
---------------------------- -------------------------------------------------------------------------------
Total ["A" x 0.10] - "E"
585,486
Note: this is the remaining
placement capacity under rule
7.1A
---------------------------- -------------------------------------------------------------------------------
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 5100 Grant Thornton UK Nominated Adviser
Daniel Bush/ LLP
Richard Tonthat
Elliot Hance +44 (0) 207382 8300 Beaufort Securities Joint Broker
Limited
Nick Emerson +44 (0) 1483 413 500 SI Capital Ltd Joint Broker
/
Andy Thacker
Tim Blythe/ +44 (0) 207 138 3222 Blytheweigh Financial PR
Camilla Horsfall
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, and on the Company's
twitter page @ThorMining.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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