TIDMTHR
RNS Number : 2565H
Thor Mining PLC
02 December 2020
2 December 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 a Director, Mr Mark
McGeough.
The change in Mr McGeough's interest follows the exercise of
416,667 warrants announced on 26 November 2020, resulting in an
increase of Thor ordinary shares of 0.01p each ("Ordinary Shares")
held of 416,667 and the disposal on market of 50,000 Ordinary
Shares as CDIs quoted on the ASX.
Following the aforementioned transactions, Mark McGeough holds
1,861,765 Ordinary Shares representing 0.12% of the Company's
voting rights.
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 Mark McGeough
Date of last notice 27 November 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 2 December 2020 Shares issued
26 November 2020 Disposal of
Shares
----------------------------------------------------------------
No. of securities held prior
to change * 1,495,098 Ordinary Shares/CDIs
* 416,667 Unlisted options exercise price GBP0.01
expiring 23 October 2022
----------------------------------------------------------------
Class
* Ordinary Shares or CDI's
* Unlisted options exercise price GBP0.01 expiring 23
October 2022
----------------------------------------------------------------
Number acquired
* 416,667 CDIs/Shares as a result of unlisted options
exercised
----------------------------------------------------------------
Number disposed
* 416,667 unlisted options exercised price GBP0.01
expiring 23 October 2022
* 50,000 CDIs disposed of on market
----------------------------------------------------------------
Value/Consideration
Note: If consideration is non-cash, * 416,667 CDIs/Shares acquired for GBP4,166.67.
provide details and estimated
valuation
* 50,000 CDIs disposed of on market at $0.019 per CDI
for total proceeds of $950.
----------------------------------------------------------------
No. of securities held after
change * 1,861,765 Ordinary Shares/CDIs
----------------------------------------------------------------
Nature of change
Example: on-market trade, off-market * 416,667 unlisted options exercised at GBP0.01 per
trade, exercise of options, CDIs for 416,667 CDIs
issue of securities under dividend
reinvestment plan, participation
in buy-back * 50,000 CDIs disposed of on market at $0.019 per CDI
for total proceeds of $950.
----------------------------------------------------------------
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 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 as a result of warrants
exercised.
--------------------------------- ----------------------------------------------
.c) Price(s) and volume(s)
--------------------------- --------------
Price(s) Volume(s)
--------------------------- --------------
Ordinary Shares GBP0.01 (1 penny) 416,667
-------------------------------- --------------
d) Aggregated information
- Aggregated volume n/a
- Price
e) Date of the transaction 2 December 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 Disposal of Ordinary Shares.
-------------------------------- -----------------------------------------
.c) Price(s) and volume(s)
------------------------- -----------
Price(s) Volume(s)
------------------------- -----------
Ordinary Shares A$0.019 (1.9 cents) 50,000
------------------------------ -----------
d) Aggregated information
- Aggregated volume n/a
- Price
e) Date of the transaction 26 November 2020
-------------------------------- -----------------------------------------
f) Place of the transaction ASX
-------------------------------- -----------------------------------------
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END
DSHUURWRRKUURRA
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