Issue of Options to Directors

RNS Number : 2943J

Thor Mining PLC

01 December 2008

 

THOR MINING PLC

ISSUE OF OPTIONS TO DIRECTORS

Dated: 1 December 2008

Thor Mining PLC ('the Company' or 'Thor'), AIM, ASX: 'THR' the specialist metals company focused on advancing tungsten-molybdenum and uranium projects in the Northern Territory of Australia, today announces that it has issued 5 million options to the Directors of the Company. The issue of these options was approved by shareholders at the Annual General Meeting held on 28 October 2008.

The Company approved the grant of 5 million options to the Directors on 28 August 2008, subject to shareholder approval, as set out in the table below. These Options vest immediately and are exercisable at AUS$0.18 (approximately 4.3p at the current exchange rate) on or before 15 September 2011. These options are unlisted and have no voting rights.

Name	Position	Number of Options
Michael Billing	Chairman	1,000,000
Michael Ashton	Non executive director	1,000,000
Gregory Durack	Non executive director	1,000,000
Norman Gardner	Non executive director	1,000,000
John Young	Executive director	1,000,000

Enquiries:

Mick Billing	+ 61 (0)414 741 007	Thor Mining PLC	Chairman
Damian Delaney	[phone]	Thor Mining PLC	Company Secretary
John Simpson	020 7489 4500	Blomfield Corporate Finance Ltd	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

 

 

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