Issue of unlisted Directors O

RNS Number : 7519X

Thor Mining PLC

13 December 2010

 

THOR MINING PLC

Issue of Unlisted Options to Directors

Dated: 13 December 2010

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			10,000,000 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)			10,000,000 unlisted options issued to directors in accordance with resolution passed at AGM on 25 November 2010, exercisable at $0.04 on or before 24 November 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	8 December 2010
					Number			+Class
8				Number and +class of all +securities quoted on ASX (including the securities in clause 2 if applicable)	288,754,017 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 17,158,451	18 cents Unlisted Options expiring 15 September 2011 (Held by Directors). 4 cents Unlisted Options expiring 24 November 2013. 1.5 pence unlisted options expiring 31 March 2012.
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:

Date: 10 December 2010

                                                (Company Secretary)

Print name:                            Allan Burchard

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 30/9/2001.

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 Billing
Date of last notice	30 July 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.
Date of change	8 December 2010
No. of securities held before change - Direct	1,000,000 Unlisted Options exercisable at $0.18 on or before 15/9/2011
No. of securities held before change - Indirect	4,231,632 CDI Shares held by Mr M Billing and Mrs B Billing as trustees and beneficiaries of the Lapun Kamap Super Fund. 2,040,816 CDI Options held by Mr M Billing and Mrs B Billing as trustees and beneficiaries of the Lapun Kamap Super Fund.
Class	Unlisted Options
Number acquired - Direct	2,000,000 Unlisted Options.
Number acquired - Indirect	NIL
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil
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
No. of securities held after change - Indirect	4,231,632 CDI Shares held by Mr M Billing and Mrs B Billing as trustees and beneficiaries of the Lapun Kamap Super Fund. 2,040,816 CDI Options held by Mr M Billing and Mrs B Billing as trustees and beneficiaries of the Lapun Kamap Super Fund.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Issue of unlisted options in accordance with a resolution passed at AGM on 25 November 2010, exercisable at $0.04 on or before 24 November 2013.

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

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 30/9/2001.

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	Norman Gardner
Date of last notice	30 July 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.	Norman Gardner is a director of Gardner Superannuation Nominees Pty Ltd and a director of Duskform Pty Ltd.
Date of change	8 December 2010
No. of securities held prior to change	Direct ·      1,000,000 Unlisted options exercisable at $0.18 on or before 15 September 2011. Indirect Gardner Superannuation Nominees Pty Ltd. ·      2,352,613 CDI shares. Duskform Pty Ltd. ·      13,980 CDI shares
Class	Unlisted Options
Number acquired - Direct	2,000,000 Unlisted Options
Number acquired - Indirect
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil
No. of securities held after 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.
No. of securities held after change - Indirect	Gardner Superannuation Nominees Pty Ltd. ·      2,352,613 CDI shares. Duskform Pty Ltd. ·      13,980 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	Issue of unlisted options in accordance with a resolution passed at the AGM on 25 November 2010, exercisable at $0.04 on or before 24 November 2013.

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

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 30/9/2001.

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	Gregory Michael Durack
Date of last notice	30 July 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.	Gregory Durack is a director of Martineau Resources Pty Ltd.
Date of change	8 December 2010
No. of securities held prior to change	Indirect - Martineau Resources Pty Ltd ·              220,235 CDI Shares ·              102,041 CDI Options Direct. 728,062 CDI Shares. 326,531 CDI options 1,000,000 Unlisted Options exercisable at $0.18 on or before 15 September 2011.
Class	Unlisted Options
Number acquired - Direct	2,000,000 unlisted options.
Number acquired - Indirect
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil
No. of securities held after change - Direct	·      728,062 CDI Shares; ·      326,531 CDI Options and ·      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 September 2013.
No. of securities held after change - Indirect	Martineau Resources Pty Ltd ·              220,235 CDI Shares ·              102,041 CDI Options
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Issue of unlisted options in accordance with a resolution passed at AGM on 25 November 2010, exercisable at $0.04 on or before 24 November 2013.

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

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 30/9/2001.

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	Trevor John Ireland
Date of last notice	30 July 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
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	8 December 2010
No. of securities held prior to change	1,632,653 CDI shares. 816,327 CDI Options
Class	Unlisted Options
Number acquired - Direct	2,000,000 Unlisted Options   (a)
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil
No. of securities held after change	1,632,653 CDI shares. 816,327 CDI Options. 2,000,000 unlisted options
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Issue of unlisted options in accordance with a resolution passed at AGM on 25 November 2010, exercisable at $0.04 on or before 24 November 2013.

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

SUMMARY

On the 8 December 2010 the Company approved the grant of options over ordinary shares of £0.003 in the capital of the Company to Directors of the Company as outlined below.

Beneficial owner	CDI's	Existing listed options expiring 25.3.12 exercisable @ 2.625 cents	Existing unlisted options expiring 15.9.11 exercisable @ 18 cents	New unlisted option issue expiring 15.9.11 exercisable @ 4 cents
M R Billing	4,231,632	2,040,816	1,000,000	2,000,000
G M Durack	948,297	428,572	1,000,000	2,000,000
N W Gardner	2,366,593	816,326	1,000,000	2,000,000
M K Ashton	5,211,884	2,255,000	1,000,000	2,000,000
T J Ireland	1,632,653	816,327	NIL	2,000,000

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

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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