TIDMTHR
RNS Number : 5604G
Thor Mining PLC
27 November 2020
27 November 2020
THOR MINING PLC
("Thor" or the "Company")
Director/PDMR Shareholding
The Directors of Thor Mining PLC (AIM, ASX: THR) provide a
notice of the change in securities held by three Directors.
The change in Directors' interests follows shareholder approval
at the annual general meeting on 25 November 2020, for the issue of
ordinary shares of 0.01p each ("Ordinary Shares") at A$0.017 (1.7
cents) per Ordinary Share to Messrs Billing, Potter and McGeough in
lieu of fees as follows:
Director Shares issued Existing Resultant holding Options
Shares held held
--------------------
Number Number %
-------------- ------------- ------------ ------ -----------
Michael Billing 661,765 51,494,725 52,156,490 3.44% 14,750,000
-------------- ------------- ------------ ------ -----------
Mark McGeough 661,765 833,333 1,495,098 0.10% 416,667
Mark Potter 1,323,529 1,587,302 2,910,831 0.19% 8,000,000
-------------- ------------- ------------ ------ -----------
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.
Enquiries:
Mick Billing +61 (8) 7324 Thor Mining PLC Executive Chairman
1935
Ray Ridge +61 (8) 7324 Thor Mining PLC CFO/Company Secretary
1935
Colin Aaronson +44 (0) 207 383 Grant Thornton Nominated Adviser
5100 UK LLP
Nick Emerson +44 (0) 1483 SI Capital Ltd 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.
Ab o u t T hor M i n i ng 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 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.
At the 100% owned Ragged Range in the Pilbara region of Western
Australia, Thor has exciting early stage results for which gold and
nickel drilling is planned.
Thor holds mineral claims in the US states of Colorado and Utah
with historical high-grade uranium and vanadium drilling and
production results.
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
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 30/09/01 Amended 01/01/11
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 26 October 2020
-----------------------
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
Note: In the case of a company, interests which come within
paragraph (i) of the definition of "notifiable interest of a
director" should be disclosed in this part.
Direct or indirect interest Direct and Indirect
Nature of indirect interest Michael Billing is:
(including registered holder) * a trustee and beneficiary of the Lapun Kamap Super
Note: Provide details of the Fund
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 27 November 2020
-------------------------------------------------------------
No. of securities held prior Direct
to change * 7,860,642 Ordinary Shares/CDIs
* 4,500,000 Unlisted options, exercise price 3.5625
pence, expiry 07/06/21
Indirect
Held by Mr M Billing and Mrs
B Billing as trustees and
beneficiaries of the Lapun
Kamap Super Fund.
* 17,423,689 Ordinary Shares/CDIs
* 8,000,000 Unlisted options exercisable at A$0.0095
expiring 8 July 2023
* 375,000 Unlisted options exercise price GBP0.01
expiring 23 October 2022
Held by Mr M Billing and Mrs
B Billing as trustees and
beneficiaries of the Lapun
Kamap BB Super Fund.
* 8,425,000 ordinary Shares/CDIs
* 375,000 Unlisted options exercise price GBP0.01
expiring 23 October 2022
Held by MBB Trading Pty Ltd
* 17,785,394 Ordinary Shares/CDIs
* 1,000,000 Listed Options exercise price A$0.01
expiring 8 July 2023
* 500,000 Unlisted options exercise price GBP0.01
expiring 23 October 2022
-------------------------------------------------------------
Class Ordinary Shares or CDI's
-------------------------------------------------------------
Number acquired 661,765 Ordinary Shares/CDIs
-------------------------------------------------------------
Number disposed -
-------------------------------------------------------------
Value/Consideration Shares/CDI's received in lieu
Note: If consideration is non-cash, of cash payment of $11,250
provide details and estimated for directors fees, at a price
valuation of $0.017 being the closing
price for ASX traded CDI's
on 13 October 2020, being
the last practicable date
prior to preparation of the
Notice of Meeting.
-------------------------------------------------------------
No. of securities held after Direct
change * 8,522,407 Ordinary Shares/CDIs
* 4,500,000 Unlisted options, exercise price 3.5625
pence, expiry 07/06/21
Indirect
Held by Mr M Billing and Mrs
B Billing as trustees and
beneficiaries of the Lapun
Kamap Super Fund.
* 17,423,689 Ordinary Shares/CDIs
* 8,000,000 Unlisted options exercisable at A$0.0095
expiring 8 July 2023
* 375,000 Unlisted options exercise price GBP0.01
expiring 23 October 2022
Held by Mr M Billing and Mrs
B Billing as trustees and
beneficiaries of the Lapun
Kamap BB Super Fund.
* 8,425,000 ordinary Shares/CDIs
* 375,000 Unlisted options exercise price GBP0.01
expiring 23 October 2022
Held by MBB Trading Pty Ltd
* 17,785,394 Ordinary Shares/CDIs
* 1,000,000 Listed Options exercise price A$0.01
expiring 8 July 2023
* 500,000 Unlisted options exercise price GBP0.01
expiring 23 October 2022
-------------------------------------------------------------
Nature of change 661,765 Shares/CDI's received
Example: on-market trade, off-market in lieu of cash payment of
trade, exercise of options, $11,250 for directors fees.
issue of securities under dividend Approved by shareholders at
reinvestment plan, participation the AGM 25 November 2020.
in buy-back
-------------------------------------------------------------
Part 2 - Change of director's interests in contracts
Note: In the case of a company, interests which come within
paragraph (ii) of the definition of "notifiable interest of a
director" should be disclosed in this part.
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 securities No
or contracts detailed above traded
during a + closed period where prior
written clearance was required?
If so, was prior written clearance N/A
provided to allow the trade to proceed
during this period?
----
If prior written clearance was provided, N/A
on what date was this provided?
----
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 30/09/01 Amended 01/01/11
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 Mark Potter
Date of last notice 9 July 2020
------------
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
Note: In the case of a company, interests which come within
paragraph (i) of the definition of "notifiable interest of a
director" should be disclosed in this part.
Direct or indirect interest Direct
Nature of indirect interest N/A.
(including registered holder)
Note: Provide details of the
circumstances giving rise to
the relevant interest.
----------------------------------------------------------
Date of change 27 November 2020
----------------------------------------------------------
No. of securities held prior
to change * 1,587,302 Ordinary Shares/CDIs
* 8,000,000 Unlisted options exercisable at A$0.0095
expiring 8 July 2023
----------------------------------------------------------
Class Ordinary Shares/CDIs
----------------------------------------------------------
Number acquired 1,323,529
----------------------------------------------------------
Number disposed -
----------------------------------------------------------
Value/Consideration Shares/CDI's received in lieu
Note: If consideration is non-cash, of cash payment of $22,500
provide details and estimated for directors fees, at a price
valuation of $0.017 being the closing
price for ASX traded CDI's
on 13 October 2020, being
the last practicable date
prior to preparation of the
Notice of Meeting
----------------------------------------------------------
No. of securities held after
change * 2,910,831 Ordinary Shares/CDIs
* 8,000,000 Unlisted options exercisable at A$0.0095
expiring 8 July 2023
----------------------------------------------------------
Nature of change
Example: on-market trade, off-market * 1,323,529 Shares/CDI's received in lieu of cash
trade, exercise of options, payment of $22,500 for directors fees. Approved by
issue of securities under dividend shareholders at the AGM 25 November 2020.
reinvestment plan, participation
in buy-back
----------------------------------------------------------
Part 2 - Change of director's interests in contracts
Note: In the case of a company, interests which come within
paragraph (ii) of the definition of "notifiable interest of a
director" should be disclosed in this part.
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 securities No
or contracts detailed above traded
during a + closed period where prior
written clearance was required?
If so, was prior written clearance N/A
provided to allow the trade to proceed
during this period?
----
If prior written clearance was provided, N/A
on what date was this provided?
----
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 30/09/01 Amended 01/01/11
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 Mark McGeough
Date of last notice 26 October 2020
----------------
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
Note: In the case of a company, interests which come within
paragraph (i) of the definition of "notifiable interest of a
director" should be disclosed in this part.
Direct or indirect interest Direct
Nature of indirect interest
(including registered holder)
Note: Provide details of the
circumstances giving rise to
the relevant interest.
-------------------------------------------------------
Date of change 27 November 2020
-------------------------------------------------------
No. of securities held prior Nil
to change
-------------------------------------------------------
Class Ordinary Shares or CDI's
-------------------------------------------------------
Number acquired 661,765
-------------------------------------------------------
Number disposed -
-------------------------------------------------------
Value/Consideration Shares/CDI's received in lieu
Note: If consideration is non-cash, of cash payment of $11,250
provide details and estimated for directors fees, at a price
valuation of $0.017 being the closing
price for ASX traded CDI's
on 13 October 2020, being
the last practicable date
prior to preparation of the
Notice of Meeting
-------------------------------------------------------
No. of securities held after
change * 1,495,098 Ordinary Shares/CDIs
* 416,667 Unlisted options exercise price GBP0.01
expiring 23 October 2022
-------------------------------------------------------
Nature of change 661,765 Shares/CDI's received
Example: on-market trade, off-market in lieu of cash payment of
trade, exercise of options, $11,250 for directors fees.
issue of securities under dividend Approved by shareholders at
reinvestment plan, participation the AGM 25 November 2020.
in buy-back
-------------------------------------------------------
Part 2 - Change of director's interests in contracts
Note: In the case of a company, interests which come within
paragraph (ii) of the definition of "notifiable interest of a
director" should be disclosed in this part.
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 securities No
or contracts detailed above traded
during a + closed period where prior
written clearance was required?
If so, was prior written clearance N/A
provided to allow the trade to proceed
during this period?
----
If prior written clearance was provided, N/A
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
-------------------------------- -----------------------------------------------
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 Ordinary share ISIN: GB00BD0NBV71
b) Nature of the transaction Issue of shares in lieu of fees as
approved by shareholders on 25 November
2020.
-------------------------------- -----------------------------------------------
.c) Price(s) and volume(s)
----------------------------- -------------
Price(s) Volume(s)
----------------------------- -------------
Ordinary Shares A$0.017 (1.7 cents) 661,765
---------------------------------- -------------
d) Aggregated information
- Aggregated volume n/a
- Price
e) Date of the transaction 27 November 2020
-------------------------------- -----------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------- -----------------------------------------------
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 Mark McGeough
-------------------------------- -----------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------
a) Position/status Non-Executive Director
-------------------------------- -----------------------------------------------
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 Ordinary share ISIN: GB00BD0NBV71
b) Nature of the transaction Issue of shares in lieu of fees as
approved by shareholders on 25 November
2020.
-------------------------------- -----------------------------------------------
.c) Price(s) and volume(s)
----------------------------- -------------
Price(s) Volume(s)
----------------------------- -------------
Ordinary Shares A$0.017 (1.7 cents) 661,765
---------------------------------- -------------
d) Aggregated information
- Aggregated volume n/a
- Price
e) Date of the transaction 27 November 2020
-------------------------------- -----------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------- -----------------------------------------------
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 Mark Potter
-------------------------------- -----------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------
a) Position/status Non-Executive Director
-------------------------------- -----------------------------------------------
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 Ordinary share ISIN: GB00BD0NBV71
b) Nature of the transaction Issue of shares in lieu of fees as
approved by shareholders on 25 November
2020.
-------------------------------- -----------------------------------------------
.c) Price(s) and volume(s)
----------------------------- -------------
Price(s) Volume(s)
----------------------------- -------------
Ordinary Shares A$0.017 (1.7 cents) 1,323,529
---------------------------------- -------------
d) Aggregated information
- Aggregated volume n/a
- Price
e) Date of the transaction 27 November 2020
-------------------------------- -----------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------- -----------------------------------------------
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END
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