Director/PDMR Shareholding

RNS Number : 6286J

Thor Mining PLC

04 July 2011

 

THOR MINING PLC

DIRECTORS HOLDINGS

Dated: 4 July 2011

The Directors of Thor Mining PLC ("Thor" or the "Company") (AIM, ASX: THR), the exploration company focussed on gold and base metal projects and advancing tungsten-molybdenum projects in the Northern Territory of Australia, today released the following report on the change in Michael Kevin Ashton's shareholding in the Company.

Mr Michael Kevin Ashton, a Director of the Company, and entities in which he has a beneficial interest, acquired a total of 3,846,031 CDI's on 28 June 2011 as a result of an in-specie distribution by Western Desert Resources Ltd of CDI's that company previously held in Thor.

Following the distribution, the total beneficial interests of Michael Kevin Ashton in the Securities of the Company are:

Held Directly:              nil CDI's;

1,000,000 unlisted options exercisable at

 A$0.18 on or before 15 September 2011;

                                  2,000,000 unlisted options exercisable at

 A$0.04 on or before 24 November 2013.

Held Indirectly: By Mick Ashton Nominees

             5,961,195 CDI's;

             2,255,000 listed CDI Options.

             By Mick Ashton Superannuation Fund

             360,453 CDI's.

             By Ashton Drilling Services Pty Ltd

245,569 CDI's.

The Company has also released the following Appendix 3Y notice of Change of Directors' interest on the Australian Stock Exchange ("ASX") as required under the rules of the ASX.

The above information on Mick Ashton's holdings includes all the information disclosed in the following Appendix 3Y released to the ASX.

 

Appendix 3Y

 

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available.  Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Name of entity:   Thor Mining PLC

ARBN:   121 117 673

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act. 

Name of Director	Michael Ashton
Date of last notice	8 December 2010

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Direct or indirect interest	Direct & Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Michael Ashton is a director of: ·      Ashton Drilling Services Pty Ltd ·      Mick Ashton Nominees Pty Ltd and owns 100% of the issued share capital of both. ·      Greenstone Property Pty Ltd and owns a controlling shareholding in that company.
Date of change	28 June 2011
No. of securities held prior to change	Direct ·      318,877 Ordinary CDI Shares. ·      1,000,000 Unlisted Options exercisable at $0.18 on or before 15 September 2011. ·      2,000,000 Unlisted Options exercisable at $0.04 on or before 24 November 2013 Indirect Ashton Drilling Services ·      192,307 Ordinary CDI shares. Mick Ashton Nominees Pty Ltd. ·      4,700,700 Ordinary CDI shares ·      2,255,000 CDI Options
Class	CDI Shares
Number acquired - Direct	Nil
Number acquired - Indirect	Ashton Drilling Services ·      53,262 CDI shares. Mick Ashton Nominees Pty Ltd ·      1,210,495 CDI Shares. Mick Ashton Superannuation Fund ·      31,576 CDI shares. Greenstone Property Pty Ltd ·      2,550,698 CDI shares.
Number disposed	Nil. Note that following a detailed review of the exact nature of all holdings, those CDI shares previously classified as  "Direct" have been reclassified as "Indirect" and further attributed to: ·      Mick Ashton Nominees Pty Ltd, and ·      Mick Ashton Superannuation Fund
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Shares were issued as an in-specie distribution by Western Desert Resources Ltd to its shareholders, as detailed in "Nature of Change" below.
No. of securities held after change - Direct	·      Nil Ordinary CDI Shares. ·      1,000,000 Unlisted Options exercisable at $0.18 on or before 15 September 2011. ·      2,000,000 Unlisted Options exercisable at $0.04 on or before 24 November 2013
No. of securities held after change - Indirect	Ashton Drilling Services ·      245,569 CDI shares. Mick Ashton Nominees Pty Ltd. ·      5,961,196 CDI shares ·      2,255,000 CDI options Mick Ashton Superannuation Fund ·      350,453 CDI shares Greenstone Property  Pty Ltd ·      2,550,698 CDI shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Shares were issued as an in-specie distribution by Western Desert Resources Ltd to its shareholders, on condition that the resultant parcel constituted a marketable parcel of shares in Thor Mining PLC. The distribution was in accordance with a resolution passed at a General Meeting of Shareholders of Western Desert Resources Ltd on 14 June 2011.The above parties are all shareholders in Western Desert Resources.

Part 2 - Change of director's interests in contracts

Detail of contract
Nature of interest
Name of registered holder (if issued securities)
Date of change
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change

Part 3 - +Closed period

Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	n/a
If prior written clearance was provided, on what date was this provided?	n/a

Enquiries:

Mick Billing	[phone]	Thor Mining PLC	Executive Chairman
Allan Burchard	[phone]	Thor Mining PLC	CFO/Company Secretary
John Simpson	[phone]	Daniel Stewart & Co. Plc	Nominated Adviser
Nick Emerson/ Renato Rufus	[phone]	Simple Investments	Broker
Alex Walters	[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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