Director/PDMR Shareholding

RNS Number : 7360K

Thor Mining PLC

21 July 2011

 

THOR MINING PLC

DIRECTORS HOLDINGS

Dated: 21 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 Kevin Ashton's shareholding in the Company.

Mr Michael Kevin Ashton, a Director of the Company, and entities in which he has a beneficial interest, acquired a total of 2,500,000 CDI's on 13 July 2011. Those CDI's arose from the disposal by Western Desert Resources Ltd of unmarketable parcels remaining after an in-specie distribution of shares that company previously held in Thor.

Following the purchase, the total beneficial interests of Michael Kevin Ashton in the Securities of the Company are:

Held Directly:              nil CDI's;

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 Mick Ashton Nominees

             8,461,195 CDI's;

             2,255,000 listed CDI Options.

             By Mick Ashton Superannuation Fund

             360,453 CDI's.

             By Ashton Drilling Services Pty Ltd

245,569 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 Mick Ashton'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 Ashton
Date of last notice	4 July 2011

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 Ashton is a director of: ·      Ashton Drilling Services Pty Ltd ·      Mick Ashton Nominees Pty Ltd and owns 100% of the issued share capital of both. ·      Greenstone Property Pty Ltd and owns a controlling  shareholding in that company
Date of change	13 July 2011
No. of securities held prior to change	Direct ·      1,000,000 Unlisted Options exercisable at $0.18 on or before 15 September 2011. ·      2,000,000 Unlisted Options exercisable at $0.04 on or before 24 November 2013 Indirect Ashton Drilling Services ·      245,569 Ordinary CDI shares. Mick Ashton Nominees Pty Ltd. ·      5,961,196 Ordinary CDI shares ·      2,255,000 CDI Options
Class	CDI Shares
Number acquired - Direct	Nil
Number acquired - Indirect	Mick Ashton Nominees Pty Ltd ·      2,500,000 CDI Shares.
Number disposed	Nil.
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	2.0 cents per CDI share for a total consideration of $50,000
No. of securities held after change - Direct	·      Nil Ordinary CDI Shares. ·      1,000,000 Unlisted Options exercisable at $0.18 on or before 15 September 2011. ·      2,000,000 Unlisted Options exercisable at $0.04 on or before 24 November 2013
No. of securities held after change - Indirect	Ashton Drilling Services ·      245,569 CDI shares. Mick Ashton Nominees Pty Ltd. ·      8,461,196 CDI shares ·      2,255,000 CDI options Mick Ashton Superannuation Fund ·      350,453 CDI shares Greenstone Property  Pty Ltd ·      2,550,698 CDI shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	On market purchase of 2,500,000 CDI shares on 13 July 2011, as part of the disposal of unmarketable parcels arising from the in-specie distribution of Thor Mining PLC CDI shares by Western Desert Resources Ltd.

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?	Yes. As noted above, the CDI shares acquired were part of the balance of unmarketable parcels, arising from the in-specie distribution by Western Desert Resources Ltd processed on 28 June 2011.
If so, was prior written clearance provided to allow the trade to proceed during this period?	Yes
If prior written clearance was provided, on what date was this provided?	24 June 2011.

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

 

 

RDSURAARAUABUAR