Transfer of title update

RNS Number : 1225V

Thor Mining PLC

03 July 2009

 



THOR MINING PLC

Transfer of title update

Dated: 3 July 2009

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 advises that it has today become aware of an article posted on the 'Hot Copper' website which states that the Mining Title ML23825 (the 'Mining Title'), which comprises part of Thor's molyhil tungsten-molybdenum development project ('Molyhil'), has not been transferred to Thor, and advertises the Mining Title for sale.

Thor having taken legal advice believes that the vendor, the author of the article, has no claim in respect of the Mining Title having executed and delivered the transfer documents to the Company.

Thor holds the executed instrument of transfer for the transfer of 100% of the Mining Title to its wholly owned subsidiary, Molyhil Mining Pty Ltd, the agreed consideration has been paid in full and Thor assumed all liabilities in respect of the Mining Title on the vendor signing the instrument of transfer.

The transfer of title is in process with the relevant Northern Territory authorities and a further update will be made prior to the General Meeting on Wednesday 8 July 2009.

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 & Co. 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.

 

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