Issue of Equity

RNS Number : 2483R

Thor Mining PLC

18 August 2010

 

THOR MINING PLC

Issue of Equity

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 Australia, advise that pursuant to the announcement released on 16 August 2010 in respect of the Company increasing its interest in the Dundas Gold Project, the Directors of Thor confirm that application has been made to AIM for the admission of 45,000,000 new ordinary shares ("New Shares") to satisfy the consideration of 45,000,000 new CDI's to the Vendors and Agents, which was approved by a vote of all shareholders at the General Meeting held on 22 July 2010.

Accordingly, application will be made to the London Stock Exchange for the New Shares, which will rank pari passu with the Company's existing issued ordinary shares, to be admitted and dealings are expected to commence at 8:00 a.m. (BST) on 24 August 2010.   In Australia an application has been made to the Australian Securities Exchange (the "ASX") for the quotation of New CDI's.  Dealings are expected to commence on 24 August 2010.

In accordance with the Financial Services Authority Disclosure and Transparency Rules, the Company has 381,559,912 Ordinary Shares of 0.3p each in issue, each share carrying the right to one vote. The Company does not hold any Ordinary Shares in Treasury.

The above figure of 381,559,912 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, the share capital of the Company under the Financial Service Authority's Disclosure and Transparency Rules.

Enquiries:

Mick Billing	+ 61 (0)414 741 007	Thor Mining PLC	Executive Chairman
Laurie Ackroyd	[phone]	Thor Mining PLC	CFO/Company Secretary
John Simpson	+ 44 (0)20 7776 6550	Daniel Stewart & Company 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.

 

END

 

 

LISPPMPTMBBBMTM