Block Admission Application

RNS Number : 3409S

Thor Mining PLC

08 September 2010

 

THOR MINING PLC

Block Admission Application

Dated: 8 September 2010

Thor Mining PLC ("Thor" or the "Company") (AIM, ASX: THR) the resources company focused on gold projects in Western Australia, base metals projects and advancing tungsten-molybdenum projects in the Northern Territory of Australia has, pursuant to the recent Placing and Open Offer to Shareholders, made an application to the London Stock Exchange for a block admission to trading on AIM on 14 September 2010 of 46,668,072 Ordinary Shares of 0.3p per share in the capital of the Company (the "Block Admission"), circa twelve percent of the Company's current issued Ordinary Shares.

The Block Admission consists of Ordinary Shares to be issued on the exercise of the Warrants issued pursuant to the recent Placing and Open Offer to Shareholdersthat the Company aggregates and issue on a monthly basis under the terms of the Warrant Instrument. These shares will rank pari passu with the existing issued ordinary shares. The Warrants each confer the right to subscribe for one Share or one CDI for every 2 New Shares or 2 New CDIs subscribed. The Warrants are exercisable at 1.5p up to 31 March 2012 and the CDI Warrants are exercisable at AUD$0.02625 up to 25 March 2012.

The Company will notify the public through an RNS announcement the information required in Schedule Six of the AIM Rules immediately following 30 June and 31 December in each year. The next notification will be for the period 1 July 2010 to 31 December 2010.

Enquiries:

Mick Billing	+ 61 (0)414 741 007	Thor Mining PLC	Executive Chairman
Laurie Ackroyd	[phone]	Thor Mining PLC	CFO/Company Secretary
John Simpson	[phone]	Daniel Stewart & Co. plc	Nominated Adviser

 

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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