Information relating to Australian Share Placement

RNS Number : 2840V

Thor Mining PLC

12 December 2013

 



Thursday 12 December 2013

THOR MINING PLC

Information relating to Australian Share Placement

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

12 December 2013

Company Announcements Office

ASX Limited

Level 4, Exchange Centre 

20 Bridge Street

Sydney NSW 2000.

Via e-lodgement

Information Required under ASX Listing Rule 3.10.5A

Thor Mining Plc ("The Company") provides the information required under ASX Listing Rule 3.10.5A as follows:

a.   Dilution to existing holders:

The dilutive effect of the placement on existing shareholders is as follows:

Placement issue under Listing Rule 7.1  (nil CDIs)	-
Placement issue under Listing Rule 7.1A (40,000,000 CDIs)	3.1%
Total dilution as a result of the placement	3.1%

b.   Further details of the approximate percentage of the issued capital post the placement held by pre-placement shareholders and new shareholders are as follows. Please note  that this information relates specifically to the portion of shares  issued under Listing Rule 7.1A only (40,000,000 CDIs):

Pre-placement security holders who did not participate in the placement	99.9%
Pre-placement security holders who did participate in the placement	0.1%
Participants in the placement who were not previously security holders	25.0%

c.   The company previously reported, in its announcement of 4 December 2013, that this issue of shares would utilise portion of the available 15% capacity pursuant to ASX Listing Rule 7.1.  After further review, the company has resolved to utilise the capacity available to it under ASX Listing Rule 7.1A and considers this to be the most effective and expedient method for raising funds to meet working capital requirements.

d.   No underwriting arrangements were in place for the placement, and

e.   Fees incurred in connection with the issue were $2,500

Yours Faithfully

Allan Burchard

Company Secretary and Chief Financial Officer

Tel:         [phone]

Fax:        [phone]

Email:     [e-mail]

Enquiries:

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]	SI Capital Limited	Broker
Alex Walters/ Emma Wigan	[phone] [phone]	Cadogan PR	Financial PR

Updates on the Company's activities are regularly posted on Thor's website www.thormining.com, which includes a facility to register to receive these updates by email.

 

END

 

 

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