Appendix 5B

RNS Number : 1863R

Thor Mining PLC

24 October 2013

 



 

Thursday 24 October 2013

THOR MINING PLC

Thor Mining PLC ("Thor" or the "Company")

The Directors of Thor Mining PLC (AIM, ASX: THR) today released the following announcement on the Australian Securities Exchange ("ASX") as required under

 

 

Appendix 5B

Mining exploration entity quarterly report

Name of entity

THOR MINING PLC

ACN or ARBN		Quarter ended ("current quarter")
121 117 673		30 September 2013

Consolidated statement of cash flows

Cash flows related to operating activities		Current quarter $A'000	Year to date              (3 months) $A'000
1.1	Receipts from product sales and related debtors	0	0
1.2	Payments for    (a)  exploration & evaluation                              (b)  development                              (c)  production                              (d)  administration	(244) 0 0 (264)	(244) 0 0 (264)
1.3	Dividends received	0	0
1.4	Interest and other items of a similar nature received	3	3
1.5	Interest and other costs of finance paid	(18)	(18)
1.6	Income taxes paid	0	0
1.7	Other (provide details if material)	0	0
	Net Operating Cash Flows	(523)	(523)
	Cash flows related to investing activities
1.8	Payment for purchases of:  (a)  prospects                              (b)  equity investments                              (c)  other fixed assets	0 0 0	0 0 0
1.9	Proceeds from sale of:          (a)  prospects                              (b)  equity investments                              (c)  other fixed assets	0 0 3	0 0 3
1.10	Loans to other entities	0	0
1.11	Loans repaid by other entities	0	0
1.12	Other:- Deposits supporting guarantees	0	0
	Net investing cash flows	3	3
1.13	Total operating and investing cash flows (carried forward)	(520)	(520)
1.13	Total operating and investing cash flows (brought  forward)	(520)	(520)
	Cash flows related to financing activities
1.14	Proceeds from issues of shares, options, etc. (Refer Note 6)	1,121	1,121
1.15	Proceeds from sale of forfeited shares	0	0
1.16	Proceeds from borrowings	0	0
1.17	Repayment of borrowings	0	0
1.18	Dividends paid	0	0
1.19	Other (provide details if material)	0	0
	Net financing cash flows	1,121	1,121
	Net increase (decrease) in cash held	601	601
1.20	Cash at beginning of quarter/year to date	310	310
1.21	Exchange rate adjustments to item 1.20	0	0
1.22	Cash at end of quarter	911	911

Payments to directors of the entity and associates of the directors

Payments to related entities of the entity and associates of the related entities

		Current quarter $A'000
1.23	Aggregate amount of payments to the parties included in item 1.2	66
1.24	Aggregate amount of loans to the parties included in item 1.10	0
1.25	Explanation necessary for an understanding of the transactions
	DD$90,0$65,875 includes:  - Consulting fees totalling $65,875 (M Billing $21,500, D Thomas $39,750, T Ireland $4,625).

Non-cash financing and investing activities

2.1	Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows
	Nil

2.2	Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest
	Nil

Financing facilities available

Add notes as necessary for an understanding of the position.

		Amount available $A'000	Amount used $A'000
3.1	Loan facilities	1,000	1,000
3.2	Credit standby arrangements	0	0

 

Estimated cash outflows for next quarter (Note 9)

		$A'000
4.1	Exploration and evaluation	400
4.2	Development	0
4.3	Production	0
4.4	Administration	250
	Total	650

Reconciliation of cash

Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows.		Current quarter $A'000	Previous quarter $A'000
5.1	Cash on hand and at bank	911	310
5.2	Deposits at call	0	0
5.3	Bank overdraft	0	0
5.4	Other  (90 day Term Deposit)	0	0
	Total: cash at end of quarter (item 1.22)	911	310

Changes in interests in mining tenements

		Tenement reference	Nature of interest (note (2))	Interest at beginning of quarter	Interest at end of quarter
6.1	Interests in mining tenements relinquished, reduced or lapsed
6.2	Interests in mining tenements acquired or increased

 

 

 

 

 

 

 

 

Issued and quoted securities at end of current quarter

Description includes rate of interest and any redemption or conversion rights together with prices and dates.

		Total number	Number quoted	Issue price per security (see note 3)	Amount paid up per security (see note 3)
7.1	Preference securities
7.2	Changes during quarter (a)  Increases (b)  Decreases
7.3	+Ordinary securities	1,276,661,459	1,276,661,459 (Refer Note 7)	N/A	Fully Paid
7.4	Changes during quarter (a)  Increases by issues: -    Placement -    Placement -    Exercise of UK Warrants (b)  Decreases through returns of capital, buy-backs	148,888,887 144,900,000 57,806	148,888,887 144,900,000 57,806	0.225 pence 0.250 pence 0.7 Pence	Fully Paid Fully Paid Fully Paid
7.5	+Convertible debt securities
7.6	Changes during quarter (a)  Increases (b)  Decreases
7.7	Options (description and conversion factor) Options C (Directors) Options D (Associates) Options E (Associates) Options E (Associates) Options  F (Associates) Options G (Debt facility issuer) Options H (Debt facility issuer) Options I (Attaching to AIM listed shares) Options J (Attaching to CDIs)	8,000,000 1,000,000 1,000,000 4,000,000 1,100,000 84,141,088 62,887,808 8,399,027 20,067,431	0 0 0 0 0 0 0 0 0	Exercise  price 4.0 cents 5.0 cents 3.5 cents 2.0 pence 2.0cents 0.7428 cents 0.5963 cents 0.7 pence 1.05 cents	Expiry date 24/11/2013 20/12/2013 13/06/2014 21/06/2015 27/09/2015 19/03/2016 21/06/2015 30/9/2014 30/9/2014
7.8	Issued during quarter
7.9	Exercised during quarter Options I (Attaching to AIM listed shares)	57,806	0	0. 7 pence	30/9/2014
7.10	Expired during quarter
7.11	Debentures (totals only)
7.12	Unsecured notes (totals only)

 

Compliance statement

1             This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act or other standards acceptable to ASX (see note 4).

2             This statement does give a true and fair view of the matters disclosed.              

Sign here:            ............................................................                      Date: 24/10/2013

(Company Secretary)

Print name:         Allan Burchard

Notes

1             The quarterly report provides a basis for informing the market how the entity's activities have been financed for the past quarter and the effect on its cash position.  An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.

2             The "Nature of interest" (items 6.1 and 6.2) includes options in respect of interests in mining tenements acquired, exercised or lapsed during the reporting period.  If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2.

3             Issued and quoted securities. The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities.

4            The definitions in, and provisions of, AASB 1022: Accounting for Extractive Industries and AASB 1026: Statement of Cash Flows apply to this report.

5             Accounting Standards ASX will accept, for example, the use of International Accounting Standards for foreign entities.  If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.

6            Proceeds are net of issue costs.

7             Ordinary securities comprise of:

Listed on London Stock Exchange (AIM)                             746,022,651

Listed on Australian Stock Exchange (ASX) - as CDIs             508,972,141

Listed on Australian Stock Exchange (ASX) - as CDI's

escrowed until 8/04/2014                                           21,666,667

Total Ordinary Securities at 30 June 2013                               1,276,661,459

8            Issues during the quarter comprise of:

  Listed on London Stock Exchange (AIM)                            293,846,693

Total Ordinary Securities issued in the quarter                           293,846,693

9            During the quarter, the number of shares transferred

              From London Stock Exchange (AIM) to ASX as CDIs was             17,724,314

Mick Billing	[phone]	Thor Mining PLC	Executive Chairman
Allan Burchard	[phone]	Thor Mining PLC	CFO/Company Secretary
Colin Aaronson / David Hignell /   Jamie Barklem	[phone]	Grant Thornton UK LLP	Nominated Adviser
Nick Emerson/ Renato Rufus	[phone]	Simple Investments	Broker
Alex Walters/ Emma Wigan	[phone] [phone]	Cadogan PR	Financial PR

 

END

 

 

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