Director/PDMR Shareholding

RNS Number : 6289J

Thor Mining PLC

04 July 2011

 

THOR MINING PLC

DIRECTORS HOLDINGS

Dated: 4 July 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 report on the change in Michael Robert Billing's shareholding in the Company.

Mr Michael Robert Billing, a Director of the Company, and entities in which he has a beneficial interest, acquired a total of 399,722 CDI's on 28 June 2011 as a result of an in-specie distribution by Western Desert Resources Ltd of CDI's that company previously held in Thor..

Following the distribution, the total beneficial interests of Michael Robert Billing in the Securities of the Company are:

Held Directly:              119,806 CDI's;

                                  816,327CDI Options;

1,000,000 unlisted options exercisable at

 A$0.18 on or before 15 September 2011;

                                  2,000,000 unlisted options exercisable at

 A$0.04 on or before 24 November 2013.

Held Indirectly: By Lapun Kamap Superannuation Fund

             4,471,113 CDI's;

             2,040,816 listed CDI Options.

             By MBB Trading Pty Ltd

             40,435 CDI's.

The Company has also released the following Appendix 3Y notice of Change of Directors' interest on the Australian Stock Exchange ("ASX") as required under the rules of the ASX.

The above information on Michael Billing's holdings includes all the information disclosed in the following Appendix 3Y released to the ASX.

Appendix 3Y

 

Change of Director's Interest Notice

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 30/9/2001.

Name of entity:   Thor Mining PLC

ARBN:   121 117 673

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act. 

Name of Director	Michael Robert Billing
Date of last notice	8 December 2010

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Direct or indirect interest		Direct & Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.		Michael Billing is: -a trustee and beneficiary of the Lapun      Kamap Super Fund and -a director and shareholder of MBB Trading Pty Ltd.
Date of change		28 June 2011
No. of securities held before change - Direct		1,000,000 Unlisted Options exercisable at $0.18 on or before 15/9/2011. 2,000,000 Unlisted Options exercisable at $0.04 on or before 24 November 2013.
No. of securities held before change - Indirect		4,231,632 CDI Shares held by Mr M Billing as a trustee and beneficiary of the Lapun Kamap Super Fund. 2,040,816 CDI Options held by Mr M Billing  as a trustee and beneficiary of the Lapun Kamap Super Fund.
Class		CDI Shares
Number acquired - Direct		119,806 CDI Shares
Number acquired - Indirect		239,481 CDI Shares acquired by Mr M Billing and Mrs B Billing as trustees and beneficiaries of the Lapun Kamap Super Fund. 40,435 CDI Shares acquired by MBB Trading Pty Ltd
Number disposed		Nil
	Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation		Shares were issued as an in-specie distribution by Western Desert Resources Ltd to its shareholders, as detailed in "Nature of Change" below.
	No. of securities held after change - Direct		1,000,000 Unlisted Options exercisable at $0.18 on or before 15/9/2011. 2,000,000 Unlisted Options exercisable at $0.04 on or before 24/11/2013. 119,806 CDI Shares
	No. of securities held after change - Indirect		4,471,113 CDI Shares held by Mr M Billing as a trustee and beneficiary of the Lapun Kamap Super Fund. 2,040,816 CDI Options held by Mr M Billing as a trustee and beneficiary of the Lapun Kamap Super Fund. 40,435 CDI Shares held by MBB Trading Pty Ltd
	Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back		Shares were issued as an in-specie distribution by Western Desert Resources Ltd to its shareholders, on condition that the resultant parcel constituted a marketable parcel of shares in Thor Mining PLC. The distribution was in accordance with a resolution passed at a General Meeting of Shareholders of Western Desert Resources Ltd on 14 June 2011.The above parties are all shareholders in Western Desert Resources.

Part 2 - Change of director's interests in contracts

Detail of contract
Nature of interest
Name of registered holder (if issued securities)
Date of change
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change

Part 3 - +Closed period

Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	n/a
If prior written clearance was provided, on what date was this provided?	n/a

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
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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