Director/PDMR Shareholding

RNS Number : 7387K

Thor Mining PLC

21 July 2011

 

THOR MINING PLC

DIRECTORS HOLDINGS

Dated: 21 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 Trevor John Ireland's shareholding in the Company.

Mr Trevor John Ireland, a Director of the Company, and his spouse, acquired a total of 1,000,000 CDI's on 13 July 2011. Those CDI's arose from the disposal by Western Desert Resources Ltd of unmarketable parcels remaining after an in-specie distribution of shares that company previously held in Thor.

Following the purchase, the total beneficial interests of Trevor John Ireland in the Securities of the Company are:

Held Directly:              2,132,653 CDI's;

                                  816,327CDI Options;

                                  2,000,000 unlisted options exercisable at

A$0.04 on or before 24 November 2013.

Held Indirectly: By Mrs Carolyn Ireland

                                  850,000          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 Trevor Ireland'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	Trevor John Ireland
Date of last notice	22 June 2011

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 and Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Shares owned by the Director's spouse, Mrs Carolyn Ireland
Date of change	13 July 2011
No. of securities held prior to change:        Direct.	·    1,632,653 CDI shares. ·      816,327  CDI options ·    2,000,000  Unlisted options
No. of securities held prior to change:        Indirect.	·        350,000  CDI shares
Number acquired - Direct	·    500,000 CDI shares
Number acquired - Indirect	·    500,000 CDI shares
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	2.0 cents per CDI share for a total consideration of $20,000.
No. of securities held after change: Direct	·      2,132,653  CDI shares ·        816,327   CDI options. ·      2,000,000   Unlisted options
No. of securities held after change: Indirect	·      850,000 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	On market purchase of 1,000,000 CDI shares on 13 July 2011, as part of the disposal of unmarketable parcels arising from the in-specie distribution of Thor Mining PLC CDI shares by Western Desert Resources Ltd.

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?	Yes. As noted above, the CDI shares acquired were part of the balance of unmarketable parcels, arising from the in-specie distribution by Western Desert Resources Ltd processed on 28 June 2011.
If so, was prior written clearance provided to allow the trade to proceed during this period?	Yes
If prior written clearance was provided, on what date was this provided?	24 June 2011.

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

 

 

RDSURUARARABUAR