Warrants Lapsed

RNS Number : 7009Q

Thor Mining PLC

25 October 2011

 

THOR MINING PLC

LAPSE OF WARRANTS

Dated: 25 October 2011

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 the Northern Territory of Australia, today announced that the following Warrants had lapsed.

Lapse of Unlisted Warrants (Options)

The Directors of Thor advise of the lapse of the following Unlisted Warrants (termed "options" in Australia):

1.  Date granted:                           28 October 2008

Date of Expiry:                          15 September 2011

Exercise Price:                          A$0.18 per share

Number of Options:                  5,000,000

2.  Date Granted:                           25 November 2010

Date of Expiry:                          24 November 2013

Exercise Price:                          A$0.04 per share

Number of options:                   2,000,000

Date lapsed                               16 August 2011

Note that these options were issued to then Director, Norman Wayne Gardner, and in accordance with the conditions of issue, lapsed when he resigned as a director on 16 August 2011.

Enquiries:

Mick Billing	+ 61 (8)7324 1935	Thor Mining PLC	Executive Chairman
Allan Burchard	[phone]	Thor Mining PLC	CFO/Company Secretary
John Simpson	+ 44 (0)20 7776 6550	Daniel Stewart & Co. Plc	Nominated Adviser
Nick Emerson/ Renato Rufus	[phone]	Simple Investments	Broker
Alex Walters	[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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