Issue of Equity

RNS Number : 8277I

Thor Mining PLC

11 December 2015

 

THOR MINING PLC

("Thor" or "the Company")

ISSUE OF EQUITY

11 December 2015

At the Annual General Meeting of the Company held on 26 November 2015, shareholders approved the issue, within one month of the AGM, of 356,898,014 ordinary shares of 0.01p each in the capital of the Company ("Ordinary Shares") at a price of A$0.000835 (0.00835 cents) per Ordinary Share, in lieu of cash remuneration ("Remuneration Shares").

Application has been made for the admission of the Remuneration Shares  to trading on AIM with admission expected to take place on 17 December 2015.

Following admission of the Remuneration Shares, the Company's issued share capital will comprise 4,536,387,510 Ordinary Shares. The Company does not hold any shares in Treasury. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

Enquiries:

Mick Billing	[phone]	Thor Mining PLC	Executive Chairman
Ray Ridge	[phone]	Thor Mining PLC	CFO/Company Secretary
Colin Aaronson/ Daniel E Bush/ Richard Tonthat	[phone]	Grant Thornton UK LLP	Nominated Adviser
Gerry Beaney/ David Hignell John Howes/ Mark Treharne	[phone]	Northland Capital Partners Limited	Broker
Alex Walters	[phone] [phone]	Cadogan PR	Financial PR

 

END

 

 

IOETBBTTMBTBBPA