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Thor Mining acquires Pilot Mountain Tungsten Project

By BFN News | 07:36 AM | Tuesday 10 June, 2014


Thor Mining confirms the execution of a Term Sheet for the acquisition of the Pilot Mountain tungsten project in the US state of Nevada. Subject to normal due diligence and necessary shareholder and regulatory approvals Thor have agreed to acquire the Pilot Mountain tungsten project from Black Fire Minerals Limited (Black Fire). Thor's chairman, Mick Billing, is also non-executive chairman of Black Fire Minerals Limited. Consideration for the acquisition has been agreed between the parties at 418,750,000 shares in Thor, which will be subject to a 12 month escrow period. Story provided by StockMarketWire.com

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