Western Desert Resources Limited

RNS Number : 6179M

Thor Mining PLC

19 September 2012

 



THOR MINING PLC

Western Desert Resources Limited

Dated: 19 September 2012

Thor Mining Plc ("Thor" or "the Company") (AIM, ASX: THR) notes the announcement made by Western Desert Resources Limited ("WDR") on 18 September 2012 that WDR has received a conditional offer from Meijin Energy Group to acquire all of the listed shares in WDR.

WDR is currently the majority owner of the Spring Hill Gold Project. Thor has acquired a 25% interest in the Spring Hill Project and has rights to increase that interest to 80%. Thor has completed necessary exploration expenditure requirements to increase its equity interest in the Spring Hill Project to 51% and this is currently being ratified by WDR. WDR is also a Thor shareholder, with a holding of 5.86% of the issued share capital of Thor.  

Thor has had no discussions with Meijin Energy Group, but expects to do so in due course.

The announcement made by WDR regarding the conditional offer from Meijin Energy Group is available on the Australian Securities Exchange website www.asx.com.au

Enquiries:

Mick Billing	[phone]	Thor Mining PLC	Executive Chairman
Allan Burchard	[phone]	Thor Mining PLC	CFO/Company Secretary
Gerry Beaney/ David Hignell	[phone]	Grant Thornton Corporate Finance	Nominated Adviser
Nick Emerson/ Renato Rufus	[phone]	Simple Investments	Broker
Alex Walters/ Lavinia Fiamma	[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.

 

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