Thor Mining PLC Placement Admission Date Clarification (1454Z)
September 16 2020 - 2:00AM
UK Regulatory
TIDMTHR
RNS Number : 1454Z
Thor Mining PLC
16 September 2020
16 September 2020
THOR MINING PLC
PLACEMENT DATE CLARIFICATION
The directors of Thor Mining Plc ("Thor" or the "Company") (AIM,
ASX: THR) advise of an amended expected date for the issue of the
Initial Placing of the placement announced on 15 September
2020.
The announcement of 15 September 2020 noted that:
"Application will be made to the AIM Market of the London Stock
Exchange ("AIM") for a total of 123,750,000 new Ordinary Shares,
pursuant to the Initial Placing, which will rank pari passu with
the Company's existing issued Ordinary Shares, to be admitted to
trading. Dealings on AIM are expected to commence at 8:00am on or
around 18 September 2020".
Dealings on AIM are now expected to commence at 8:00am on or
around 28 September 2020.
There have been no other changes terms of the placement
announced on 15 September 2020.
Enquiries:
Mick Billing +61 (8) 7324 Thor Mining PLC Executive Chairman
1935
Ray Ridge +61 (8) 7324 Thor Mining PLC CFO/Company
1935 Secretary
Samantha Harrison/ +44 (0) 207 383 Grant Thornton UK Nominated Adviser
Niall McDonald 5100 LLP
Nick Emerson +44 (0) 1483 SI Capital Ltd Joint Broker
413 500
Updates on the C o m pan y 's activities are regular ly p o sted
on Thor's we bsite w w w.th o r m i n i ng .c o m , which
includes
a facility to regi ster to receive these updates by email, and
on the Co m pan y'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 is also acquiring up to a 30% interest Australian copper
development company EnviroCopper Limited, which in turn 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 also holds rights to earn a 75% interest in portion
of the Moonta Copper project also in South Australia, and is
considered amenable to recovery by way of in situ recovery .
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.
The Company also has exciting gold interests at Ragged Range in
the Pilbara region of Western Australia.
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 2018 and ASX announcement
of 12 February 2018
Refer ASX and AIM announcement of 15 August 2019
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