Appendix 3B - Options to Dire

RNS Number : 5893Z

Thor Mining PLC

18 January 2011

 

THOR MINING PLC

Issue of Unlisted Options to Directors

Dated: 18 January 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 released the following reports on the Australian Securities Exchange ("ASX") as required under the listing rules of the ASX.

Appendix 3B

New issue announcement,

Application for quotation of additional securities,

And agreement

Information or documents not available now must be given to ASX as soon as available.  Information and documents given to ASX become ASX's property and may be made public.

Introduced 1/7/96.  Origin: Appendix 5.  Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005.

Name of entity

Thor Mining PLC

ARBN

121 117 673

We (the entity) give ASX the following information.

Part 1 ‑ All issues

You must complete the relevant sections (attach sheets if there is not enough space).

1			+Class of +securities issued or to be issued			Unlisted Options
2			Number  of +securities issued or to be issued (if known) or maximum number which may be issued			1,000,000 unlisted options
3			Principal terms of the +securities (eg, if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)			500,000 unlisted options issued to each of Consultant Geologist and former Company Secretary  in accordance with resolution passed at  a Directors Meeting on 21 December 2010, exercisable at $0.05 on or before 21 December 2013.
4	Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities? If the additional securities do not rank equally, please state: ·    the date from which they do ·    the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment ·    the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment				No. On conversion of the options, the shares issued will rank equally with the quoted shares from the date of entry into the register, of the shares issued on conversion.
5	Issue price or consideration				Nil consideration
6	Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets)				For exploration expenses and working capital.
7				Dates of entering +securities into uncertificated holdings or despatch of certificates	17 January 2011
					Number			+Class
8				Number and +class of all +securities quoted on ASX (including the securities in clause 2 if applicable)	232,635,420 28,135,126		Ordinary shares Options, exercisable at $0.02625c, expiring 25 March 2012

		Number	+Class
9	Number and +class of all +securities not quoted on ASX (including the securities in clause 2 if applicable)	5,000,000 10,000,000      1,000,000	18 cents Unlisted Options expiring 15 September 2011 (Held by Directors). 4 cents Unlisted Options expiring 24 November 2013. 5 cents Unlisted Options expiring 20 December 2013
10	Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)	No policy

Part 2 ‑ Bonus issue or pro rata issue - Not applicable

Part 3 ‑ Quotation of securities

You need only complete this section if you are applying for quotation of securities

34	Type of securities (tick one)
(a)		Securities described in Part 1

(b)

All other securities Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities - Not applicable

 

Quotation agreement

1              +Quotation of our additional +securities is in ASX's absolute discretion.  ASX may quote the +securities on any conditions it decides. 

2              We warrant the following to ASX.

·              The issue of the +securities to be quoted complies with the law and is not for an illegal purpose.

·              There is no reason why those +securities should not be granted +quotation.

·              An offer of the ⁺securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act. 

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

·              Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any +securities to be quoted and that no-one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted.

·              If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted.

3              We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

4              We give ASX the information and documents required by this form.  If any information or document not available now, will give it to ASX before +quotation of the +securities begins.  We acknowledge that ASX is relying on the information and documents.  We warrant that they are (will be) true and complete.

Sign Here              

                                 (Company Secretary)

Date:                                       17 January 2011

Print name:                            Allan Burchard

== == == == ==

Rule 3.19A.2

 

 

 

Enquiries:

Mick Billing	[phone]	Thor Mining PLC	Executive Chairman
Allan Burchard	[phone]	Thor Mining PLC	CFO/Company Secretary
John Simpson	[phone]	Daniel Stewart & Co. plc	Nominated Adviser
Nick Emerson/ Renato Rufus	[phone]	Simple Investments	Broker

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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