Notice of General Meeting

RNS Number : 2014S

Thor Mining PLC

06 July 2015

 

6 July 2015

THOR MINING PLC

NOTICE OF GENERAL MEETING

Thor Mining PLC ("Thor" or "The Company") (AIM, ASX: THR), the Australian tungsten and gold explorer and developer, has today posted a notice of a general meeting to be held at 9am on 23 July 2015 at the offices of Grant Thornton UK LLP, 30 Finsbury Square, London EC2P 2YU.

At the general meeting, shareholders will be asked to give the directors authorities to issue shares pursuant to the matters described below.

On 16 June 2015 the Company announced a placement of a total of 1,050,000,000 Shares together with 525,000,000 free attaching Warrants to placees identified by the Company's broker, Northland Capital Partners Limited, to raise a total of £525,000 before expenses (Placement).   On 19 June 2015 the Company issued and allotted the first tranche of those securities, comprising 175,000,000 Shares together with 87,500,000 free attaching Warrants (Tranche 1 Securities).  The issue and allotment of the remaining 875,000,000 Shares and 437,500,000 free attaching Warrants (Tranche 2 Securities) is subject to obtaining Shareholder approval for the purposes, inter alia, of ASX Listing Rule 7.1.

Resolutions 1 and 2 provide the directors with the appropriate authorities to issue shares and dis-apply pre-emption rights for existing shareholders. Resolutions 3, 4, 5 and 6 are sought for the purposes of the ASX listing rules for the issue of Warrants and/or Shares. Please refer to the explanatory notes to the Notice of Meeting.

The Thor directors believe that increasing the directors' authority to issue and allot shares with the waiver of pre-emption rights and approving the issue of the securities the subject of Resolutions 3, 4, 5 and 6 are in the best interest of the Company and recommend that shareholders vote in favour of the Resolutions at the general meeting, as they intend to do in respect of their own holdings of 253,580,394 Ordinary Shares representing 7.9% per cent of the Company's issued share capital.

A copy of the Notice of General Meeting is available on the Company's website, http://www.thormining.com/.

Enquiries:

Mick Billing	[phone]	Thor Mining PLC	Executive Chairman
Ray Ridge	[phone]	Thor Mining PLC	CFO/Company Secretary
Colin Aaronson/ Harrison Clarke/ Richard Tonthat	[phone]	Grant Thornton UK LLP	Nominated Adviser
Gerry Beaney/ David Hignell John Howes/ Mark Treharne	[phone]	Northland Capital Partners Limited	Broker
Alex Walters	[phone] [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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