Result of General Meeting

RNS Number : 0734C

Thor Mining PLC

23 June 2016

 

23 June 2016

THOR MINING PLC

RESULT OF GENERAL MEETING

Thor Mining PLC ("Thor" or the "Company") (AIM, ASX: THR), the Australian tungsten gold explorer and developer, announces that at the General Meeting of the Company which was held earlier today, all resolutions were duly passed without amendment.

As a result, the directors have been granted the necessary authorities to issue equity securities and dis-apply pre-emption rights up to an aggregate nominal amount of £400,000. Pursuant to Listing Rule 7.4 of the Australian Securities Exchange ("ASX"), shareholders also retrospectively approved the issue and allotment of 336,000,000 ordinary shares of 0.01 pence each in the capital of the Company ("Ordinary Shares") and 336,000,000 warrants over Ordinary Shares (announced 17 May 2016).

Further, pursuant to ASX Listing Rule 7.1, shareholders also approved the issue and allotment of 864,000,000 Ordinary Shares and 864,000,000 warrants over Ordinary Shares. As a result, the Company will proceed with the second tranche of the placing announced on 17 May 2016, by issuing and allotting 864,000,000 Ordinary Shares to placees at a price of 0.025 pence per Ordinary Share.

Settlement and dealings

Application has been made to the AIM Market of the London Stock Exchange ("AIM") for a total of 864,000,000 Ordinary Shares, which rank pari passu with the Company's existing issued Ordinary Shares, to be admitted to trading. Dealings on AIM are expected to commence at 8:00am on 24 June 2016 ("Admission").

Total Voting Rights

For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), following Admission, Thor will have 5,736,387,510 Ordinary shares in issue with voting rights attached. Thor holds no shares in treasury. This figure of 5,736,387,510 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the ASX Listing Rules or the DTRs.

Enquiries:

Mick Billing	[phone]	Thor Mining PLC	Executive Chairman
Ray Ridge	[phone]	Thor Mining PLC	CFO/Company Secretary
Colin Aaronson/ Daniel Bush/ Richard Tonthat	[phone]	Grant Thornton UK LLP	Nominated Adviser
Gerry Beaney/ David Hignell John Howes	[phone]	Northland Capital Partners Limited	Broker
Tim Blythe/  Camilla Horsfall	[phone]	Blytheweigh	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.

 

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