Director/PDMR Shareholding

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 Shares held	Resultant holding		Options 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 [phone] Thor Mining PLC Executive Chairman Ray Ridge [phone] Thor Mining PLC CFO/Company Secretary Colin Aaronson [phone] Grant Thornton UK LLP  Nominated Adviser Nick Emerson [phone] SI Capital Ltd Broker

Updates on the Company's activities are regularly posted on Thor's website   w w w.th o r m i n i ng .c o m , which includes a facility to register to receive these updates by email, and on the Company's twitter page @ThorMining.

Ab o u t 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 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 ⁴ , 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 ⁵ .

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

⁴ Refer AIM announcement of 10 February 2018 and ASX announcement of 12 February 2018

⁵ 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 (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Michael Billing is: · a trustee and beneficiary of the Lapun Kamap Super Fund • 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 to change	Direct · 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 optionsexercise price £0.01 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 optionsexercise price £0.01 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 £0.01 expiring 23 October 2022
Class	Ordinary Shares or CDI's
Number acquired	661,765 Ordinary Shares/CDIs
Number disposed	-
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Shares/CDI's received in lieu of cash payment of $11,250 for directors fees, at a price 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	Direct · 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 optionsexercise price £0.01 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 optionsexercise price £0.01 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 optionsexercise price £0.01 expiring 23 October 2022
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	661,765 Shares/CDI's received in lieu of cash payment of $11,250 for directors fees.  Approved by shareholders at the AGM 25 November 2020.

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 or contracts detailed above traded during a +closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

 

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 (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	N/A.
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 Note: If consideration is non-cash, provide details and estimated valuation	Shares/CDI's received in lieu of cash payment of $22,500 for directors fees, at a price 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 trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	· 1,323,529 Shares/CDI's received in lieu of cash payment of $22,500 for directors fees.  Approved by shareholders at the AGM 25 November 2020.

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 or contracts detailed above traded during a +closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

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 to change	Nil
Class	Ordinary Shares or CDI's
Number acquired	661,765
Number disposed	-
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Shares/CDI's received in lieu of cash payment of $11,250 for directors fees, at a price 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 £0.01 expiring 23 October 2022
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	661,765 Shares/CDI's received in lieu of cash payment of $11,250 for directors fees.  Approved by shareholders at the AGM 25 November 2020.

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 or contracts detailed above traded during a + closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

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 /Amendment	Initial notification
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 financial instrument, type of instrument	Ordinary shares of 0.01 pence each
	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 /Amendment	Initial notification
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 financial instrument, type of instrument	Ordinary shares of 0.01 pence each
	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 /Amendment	Initial notification
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 financial instrument, type of instrument	Ordinary shares of 0.01 pence each
	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

 

END

 

 

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