Result of AGM

RNS Number : 3814W

Thor Mining PLC

06 November 2014

 



6 November 2014

THOR MINING PLC

RESULT OF ANNUAL GENERAL MEETING

The Directors of Thor Mining PLC ("Thor" or the "Company") (AIM, ASX: THR), the Australian tungsten and gold explorer and developer, are pleased to announce that all Resolutions proposed at the Annual General Meeting of the Company held on 6 November 2014 in London, were duly passed without amendment.

As noted in the Notice of Meeting for the 2014 AGM, the subject matter of Resolutions 7 and 8, being related to the acquisition of Pilot Mountain, had been previously approved by Shareholders at a General Meeting held 31 July 2014.  The validity of that earlier Shareholder approval was due to expire 31 October 2014.  Resolutions 7 and 8 sought to obtain fresh shareholder approval, if required, should the acquisition of Pilot Mountain be completed after 31 October 2014.  Given the acquisition of Pilot Mountain was completed on 27 October 2014, resolutions 7 and 8 were withdrawn at the AGM.

Resolutions 9 to 13 and 16 sought shareholder approval for the issue of the ordinary shares of 0.01p each ("Ordinary Shares") at an issue price of $0.0029 per share to directors in lieu of cash remuneration. Further to this shareholder approval being granted, application has been made to the London Stock Exchange for 66,308,276 new Ordinary Shares to be admitted to trading on AIM. It is expected that admission will become effective and that dealings in the new Ordinary Shares will commence at 8.00 a.m. on 10  November 2014 ("Admission").

Following Admission the Company will have 2,932,257,879 Ordinary Shares in issue with no shares held in treasury. The figure of 2,932,257,879 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, Thor under the FCA's Disclosure and Transparency Rules.

A presentation describing Thor's Tungsten prospects and opportunities is on the company website and can be seen at www.thormining.com/investors_information_presentations.htm.

Enquiries:

Mick Billing	[phone]	Thor Mining PLC	Executive Chairman
Ray Ridge	[phone]	Thor Mining PLC	CFO/Company Secretary
Colin Aaronson/ David Hignell/ Harrison Clarke	[phone]	Grant Thornton UK LLP	Nominated Adviser
Andrew Monk/ Bhavesh Patel	[phone]	VSA Capital Ltd	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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