TIDMTHR
RNS Number : 5240V
Thor Mining PLC
03 December 2019
Tuesday, 3 December 2019
THOR MINING PLC
("Thor" or the "Company")
Director/PDMR Shareholding
The Directors of Thor Mining PLC (AIM, ASX: THR) are pleased to
advise of the acquisition on 29 November 2019 by a Director,
Michael Billing, of ordinary shares of 0.01p each in the capital of
the Company ("Ordinary Shares") through participation in a
placement on the same terms as other placees, as approved by
shareholders at the Annual General Meeting held on 28 November
2019.
The relevant details are provided in the notifications below,
made in accordance with the requirements of the EU Market Abuse
Regulation and the Australian Securities Exchange.
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 UK Nominated Adviser
Richard Tonthat/ 5100 LLP
Ben Roberts
Claire Louise +44 (0) 203 764 Hybridan LLP Joint Broker
Noyce / 2341
John Beresford-Peirse
Nick Emerson +44 (0) 1483 413 SI Capital Ltd Joint Broker
500
Enquiries:
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.
About Thor Mining PLC
Thor Mining PLC (AIM, ASX: THR) is a resources company quoted on
the AIM Market of the London Stock Exchange and on ASX in
Australia.
Thor holds 100% of the advanced Molyhil tungsten project in the
Northern Territory of Australia, for which an updated feasibility
study in August 2018(1) suggested attractive returns.
Adjacent Molyhil, at Bonya, Thor holds a 40% interest in
deposits of tungsten, copper, and vanadium, including an Inferred
resource for the Bonya copper deposit(2).
Thor also holds 100% of the Pilot Mountain tungsten project in
Nevada USA which has a JORC 2012 Indicated and Inferred Resources
Estimate(3) on 2 of the 4 known deposits. The US Department of the
Interior has confirmed that tungsten, the primary resource mineral
at Pilot Mountain, has been included in the final list of Critical
Minerals 2018.
Thor holds a 25% interest Australian copper development company
EnviroCopper Limited (with rights to increase its interest to 30%).
EnviroCopper Limited holds:
-- rights to earn up to a 75% interest in the mineral rights and
claims over the resource on the portion of the historic Kapunda
copper mine in South Australia recoverable by way of in situ
recovery; and
-- rights to earn up to 75% of the Moonta copper project, also
in South Australia comprising the northern portion of exploration
licence EL5984 and includes a resource estimate for several
deposits.
Thor has an interest in Hawkstone Mining Limited, an Australian
ASX listed company with a 100% Interest in a Lithium project with a
JORC compliant resource in Arizona, USA.
Finally, Thor also holds a production royalty entitlement from
the Spring Hill Gold project of:
-- A$6 per ounce of gold produced from the Spring Hill tenements
where the gold produced is sold for up to A$1,500 per ounce;
and
-- A$14 per ounce of gold produced from the Spring Hill
tenements where the gold produced is sold for amounts over A$1,500
per ounce.
Notes
(1) Refer ASX and AIM announcement of 23 August 2018
(2) Refer ASX and AIM announcement of 26 November 2018
(3) Refer AIM announcement of 13 December 2018 and ASX
announcement of 14 December 2018
Refer AIM announcement of 10 February 2016 and ASX announcement
of 12 February 2018
Refer ASX and AIM announcement of 15 August 2019
Refer AIM announcement of 26 February 2016 and ASX announcement
of 29 February 2016
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 9 November 2018
-----------------------
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
the circumstances giving
rise to the relevant interest.
* a trustee and beneficiary of the Lapun Kamap BB Super
Fund
* a director and shareholder of MBB Trading Pty Ltd.
------------------------------------------------------------------
Date of change 29 November 2019
------------------------------------------------------------------
No. of securities held before
change - Direct * 6,173,340 CDIs
* 100,000 AIM listed Shares
* 3,000,000 Unlisted options, exercise price 1.8 pence,
expiry 31/3/20.
* 4,500,000 Unlisted options, exercise price 3.5625
pence, expiry 07/06/21.
------------------------------------------------------------------
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.
* 13,373,689 CDIs
Held by Mr M Billing and Mrs B Billing
as trustees and beneficiaries of
the Lapun Kamap BB Super Fund.
* 4,375,000 CDIs
Held by MBB Trading Pty Ltd
* 11,385,394 CDIs
------------------------------------------------------------------
Class CDIs
------------------------------------------------------------------
Number acquired - Direct Nil
------------------------------------------------------------------
Number acquired - Indirect 3,300,000 CDIs acquired by Mr M Billing
and Mrs B Billing as trustees and
beneficiaries of the Lapun Kamap
Super Fund
3,300,000 CDIs acquired by Mr M Billing
and Mrs B Billing as trustees and
beneficiaries of the Lapun Kamap
BB Super Fund
3,400,000 CDIs acquired by MBB Trading
Pty Ltd
------------------------------------------------------------------
Number disposed N/A
------------------------------------------------------------------
Value/Consideration GBP0.002 per CDI, or total consideration
Note: If consideration is of GBP20,000.
non-cash, provide details
and estimated valuation
------------------------------------------------------------------
No. of securities held after
change - Direct * 6,173,340 CDIs
* 100,000 AIM listed Shares
* 3,000,000 Unlisted options, exercise price 1.8 pence,
expiry 31/3/20.
* 4,500,000 Unlisted options, exercise price 3.5625
pence, expiry 07/06/21.
------------------------------------------------------------------
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.
* 16,673,689 CDIs
Held by Mr M Billing and Mrs B Billing
as trustees and beneficiaries of
the Lapun Kamap BB Super Fund.
* 7,675,000 CDIs
Held by MBB Trading Pty Ltd
* 14,785,394 CDIs
------------------------------------------------------------------
Nature of change CDIs acquired as a result of participation
Example: on-market trade, in the recent placement on the same
off-market trade, exercise terms as other placees. Approved
of options, issue of securities by Shareholders on 28 November 2019.
under dividend reinvestment
plan, participation in buy-back
------------------------------------------------------------------
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 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?
----
Notification of Transactions of Persons Discharging Managerial
Responsibility and Persons Closely Associated with them
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Michael Billing
Details of legal persons:
(a) Lapun Kamap Super Fund (Michael
Billing is a trustee and beneficiary).
(b) Lapun Kamap BB Super Fund (Michael
Billing is a trustee and beneficiary).
(c) MBB Trading Pty Ltd (Michael
Billing is a director and shareholder).
------------------------------------- ----------------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------------------
a) Position/status Executive Chairman
------------------------------------- ----------------------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------------------- ----------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------------
a) Name Thor Mining Plc
------------------------------------- ----------------------------------------------------
b) LEI 213800WO61Y9GPALD478
------------------------------------- ----------------------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
-------------------------------------------------------------------------------------------
a) Description of the Ordinary shares of 0.01 pence each
financial instrument,
type of instrument
Identification code GB00BD0NBV71
b) Nature of the transaction Participation in a placement, on
the same terms as other investors.
Ordinary Shares allotted as follows:
(a) Lapun Kamap Super Fund 3,30,000.
(b) Lapun Kamap BB Super Fund 3,300,000.
(c) MBB Trading Pty Ltd 3,400,000.
------------------------------------- ----------------------------------------------------
.c) Price(s) and volume(s)
------------------------ -----------------------
Price(s) Volume(s)
------------------------ -----------------------
0.2 pence 10,000,000
-------------------------------------------------------------------- -----------------------
d) Aggregated information
- Aggregated volume Aggregate volume: 10,000,000
- Price Aggregate price: 0.2 pence
Aggregate total: GBP20,000.00
e) Date of the transaction 29 November 2019
------------------------------------- ----------------------------------------------------
f) Place of the transaction London Stock Exchange's AIM Market
------------------------------------- ----------------------------------------------------
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END
DSHUOAURKBAURAA
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