09:03 Fri 08 Jun 2018
Thor Mining PLC - Completion of CDI Sale Facility
("Thor" or the "Company")
COMPLETION OF CDI SALE FACILITY FOR HOLDINGS
OF LESS THAN A MARKETABLE PARCEL
DIRECTORS' PARTICIPATION IN THE ACQUISITION
On
As at market close on the
As at the Record Date, the Company had approximately 3,036 CDI holders, of which approximately 2,551 hold Less Than a Marketable Parcel of CDIs comprising 3,732,834 CDIs in aggregate ("Sale CDIs") or 2.64% of all issued CDIs.
The Facility closed on Friday
Mr |
1,142,181 |
Mr |
250,000 |
Mr |
250,000 |
The Company's other two Directors did not participate in order to maintain a quorum of independent Directors. Appropriate Change of Interest Notifications (Appendix 3Y) for these Directors will be released to the market once the sale is complete.
The proceeds will be distributed to shareholders who participated in the Facility, with cheques expected to be despatched on or before
"This Facility provided an opportunity for holders of small parcels of Thor securities to either retain their holding or sell without incurring transaction fees."
"We expect that costs associated with maintaining a relatively large register of CDIs in
Enquiries:
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+61 (8) 7324 1935 |
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Executive Chairman |
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+61 (8) 7324 1935
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CFO/Company Secretary |
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+44 (0) 207 383 5100
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Nominated Adviser |
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+44 (0) 1483 413 500 |
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Broker |
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+44 (0) 207 138 3222 |
Blytheweigh |
Financial PR |
About
Thor holds 100% of the advanced Molyhil tungsten project in the
Thor also holds 100% of the
Thor is also acquiring up to a 60% interest Australian copper development company
Thor has a material interest in
Finally, Thor also holds a production royalty entitlement from the Spring
· A$6 per ounce of gold produced from the Spring Hill tenements where the gold produced is sold for up to
·
Notes
¹ Refer ASX and AIM announcement of 12 January 2015
² Refer AIM announcement of 22 May 2017 and ASX announcement of 23 May 2017
³ Refer AIM announcement of
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