Director/PDMR Shareholding

RNS Number : 2565H
Thor Mining PLC
02 December 2020
 

2 December 2020

THOR MINING PLC

("Thor" or the "Company")

Director/PDMR Shareholding

The Directors of Thor Mining PLC (AIM, ASX: THR) provide a notice of the change in securities held by a Director, Mr Mark McGeough.

 

The change in Mr McGeough's interest follows the exercise of 416,667 warrants announced on 26 November 2020, resulting in an increase of Thor ordinary shares of 0.01p each ("Ordinary Shares") held of 416,667 and the disposal on market of 50,000 Ordinary Shares as CDIs quoted on the ASX.

 

Following the aforementioned transactions, Mark McGeough holds 1,861,765 Ordinary Shares representing 0.12% of the Company's voting rights.

 

The relevant details are provided in the notifications below, made in accordance with the requirements of the EU Market Abuse Regulation and the Australian Securities Exchange.

 

 

 

 

Enquiries:

Mick Billing

+61 (8) 7324 1935

Thor Mining PLC

Executive Chairman

Ray Ridge

+61 (8) 7324 1935

Thor Mining PLC

CFO/Company Secretary

Colin Aaronson

+44 (0) 207 383 5100

Grant Thornton UK LLP 

Nominated Adviser

Nick Emerson

+44 (0) 1483 413 500

SI Capital Ltd

Broker

 

 

 

 

 

Updates on the Company's activities are regularly posted on Thor's websitwww.thormining.com,whicincludesafacilityto register toreceivethese updates byemail,and ontheCompany's twitter page @ThorMining.

 

Ab o u t Thor Mining PLC

Thor Mining PLC (AIM, ASX: THR) is a resources company quoted on the AIM Market of the London Stock Exchange and on ASX in Australia.

Thor holds 100% of the advanced Molyhil tungsten project in the Northern Territory of Australia, for which an updated feasibility study in August 2018 ¹ suggested attractive returns.

Adjacent Molyhil, at Bonya, Thor holds a 40% interest in deposits of tungsten, copper, and vanadium, including an Inferred resource for the Bonya copper deposit ² .

Thor also holds a 30% interest Australian copper development company EnviroCopper Limited, which in turn holds rights to earn up to a 75% interest in the mineral rights and claims over the resource on the portion of the historic Kapunda copper mine in South Australia recoverable by way of in situ recovery , and also holds rights to earn a 75% interest in portion of the Moonta Copper project also in South Australia, and is considered amenable to recovery by way of in situ recovery .

Thor also holds 100% of the Pilot Mountain tungsten project in Nevada USA which has a JORC 2012 Indicated and Inferred Resources Estimate ³ on 2 of the 4 known deposits. The US Department of the Interior has confirmed that tungsten, the primary resource mineral at Pilot Mountain, has been included in the final list of Critical Minerals 2018.

At the 100% owned Ragged Range in the Pilbara region of Western Australia, Thor has exciting early stage results for which gold and nickel drilling is planned.

Thor holds mineral claims in the US states of Colorado and Utah with historical high-grade uranium and vanadium drilling and production results.

¹ Refer ASX and AIM announcement of 23 August 2018

² Refer ASX and AIM announcement of 26 November 2018

³ Refer AIM announcement of 13 December 2018 and ASX announcement of 14 December 2018

Refer AIM announcement of 10 February 2018 and ASX announcement of 12 February 2018

Refer ASX and AIM announcement of 15 August 2019

 

 

 

Rule 3.19A.2

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 30/09/01  Amended 01/01/11

 

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

Mark McGeough

Date of last notice

27 November 2020

 

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

 

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

 

Direct or indirect interest

Direct

Nature of indirect interest

(including registered holder)

Note: Provide details of the circumstances giving rise to the relevant interest.

 

 

Date of change

2 December 2020 Shares issued

26 November 2020 Disposal of Shares

No. of securities held prior to change

· 1,495,098 Ordinary Shares/CDIs

· 416,667 Unlisted optionsexercise price £0.01 expiring 23 October 2022

Class

· Ordinary Shares or CDI's

· Unlisted options exercise price £0.01 expiring 23 October 2022

 

Number acquired

· 416,667 CDIs/Shares as a result of unlisted options exercised

 

 

Number disposed

 

 

 

· 416,667 unlisted options exercised price £0.01 expiring 23 October 2022

· 50,000 CDIs disposed of on market

 

 

Value/Consideration

Note: If consideration is non-cash, provide details and estimated valuation

 

· 416,667 CDIs/Shares acquired for £4,166.67.

· 50,000 CDIs disposed of on market at $0.019 per CDI for total proceeds of $950.

 

No. of securities held after change

· 1,861,765 Ordinary Shares/CDIs

 

Nature of change

Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

· 416,667 unlisted options exercised at £0.01 per CDIs for 416,667 CDIs

· 50,000 CDIs disposed of on market at $0.019 per CDI for total proceeds of $950.

 

 

 

Part 2 - Change of director's interests in contracts

 

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

 

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

 

 

 

Notification of Transactions of Persons Discharging Managerial Responsibility and Persons Closely Associated with them

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Mark McGeough

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Non-Executive Director

 

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Thor Mining Plc

b)

 

LEI

 

 

213800WO61Y9GPALD478

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

a)

 

Description of the financial instrument, type of instrument

Ordinary shares of 0.01 pence each

 

 

 

 

Identification code

Ordinary share ISIN: GB00BD0NBV71

 

 

b)

 

Nature of the transaction

 

 

Issue of shares as a result of warrants exercised.

.c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

Ordinary Shares

 

£0.01 (1 penny)

416,667

 

 

 

 

 

 

d)

 

Aggregated information

 

 

 

- Aggregated volume

n/a

 

- Price

 

 

 

e)

 

Date of the transaction

 

2 December 2020

f)

Place of the transaction

Outside a trading venue

 

 

 

Notification of Transactions of Persons Discharging Managerial Responsibility and Persons Closely Associated with them

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Mark McGeough

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Non-Executive Director

 

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Thor Mining Plc

b)

 

LEI

 

 

213800WO61Y9GPALD478

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

a)

 

Description of the financial instrument, type of instrument

Ordinary shares of 0.01 pence each

 

 

 

 

Identification code

Ordinary share ISIN: GB00BD0NBV71

 

 

b)

 

Nature of the transaction

 

 

Disposal of Ordinary Shares.

.c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

Ordinary Shares

 

A$0.019 (1.9 cents)

50,000

 

 

 

 

 

 

d)

 

Aggregated information

 

 

 

- Aggregated volume

n/a

 

- Price

 

 

 

e)

 

Date of the transaction

 

26 November 2020

f)

Place of the transaction

ASX

 

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