Result of General Meeting

RNS Number : 9771D

Thor Mining PLC

03 April 2014

 



3 April 2014

THOR MINING PLC

RESULT OF GENERAL MEETING

Thor Mining PLC ("Thor" or "The Company") (AIM, ASX: THR), the Australian tungsten and gold explorer and developer, is pleased to announce that at its general meeting held earlier today, all resolutions were duly passed.

Further to the announcement made on 20 February 2014 in connection with the subscription agreement between the Company and Lanstead Capital L.P. ("Lanstead"), application has been made to the London Stock Exchange for 142,898,396 new Ordinary Shares ("the Second Subscription Shares") to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and that dealings in the Second Subscription Shares will commence at 8.00 a.m. on 4 April 2014.

Following Admission the figure of 1,678,559,855 Ordinary Shares may be used by shareholders in the Company 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, Thor under the FCA's Disclosure and Transparency Rules.

Following Admission, Lanstead will be interested in 336,862,867 Ordinary Shares representing approximately 20.1% of Thor's enlarged issued share capital.

Further, as announced on 20 February 2014, the Company has now satisfied the expenditure requirement to exercise its option to acquire an additional 29% interest in the tenements comprising the Spring Hill project in the Northern Territory. The passage of resolution 5 will enable the Company to issue Ordinary Shares as consideration for the acquisition of that additional 29% interest and a further announcement relating to this will be made in due course. 

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	[phone] [phone]	Cadogan PR	Financial PR

 

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