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Share Price: 0.90

Bid: 0.80

Ask: 1.00

Change: 0.00 (0.00%)

Spread: 0.20 (25.00%)

Open: 0.00

High: 0.00

Low: 0.00

Prev. Close: 0.90

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Thor Mining Confirms Plans For Equity Fundraise As Share Price Falls

Thu, 17th Oct 2019 18:16

(Alliance News) - Thor Mining PLC on Thursday confirmed it is in the process of undertaking a fundraise and will make further announcements in due course.

The miner made the announcement following "recent speculation to a potential fundraising transaction by way of an equity fund raise".

The stock closed down 6.9% at 0.349 pence on Thursday in London, having fallen 30% over the past week alone.

By Arvind Bhunjun; arvindbhunjun@alliancenews.com

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(Sharecast News) - Thor Mining updated the market on drilling at its wholly-owned Ragged Range Project in the Eastern Pilbara of Western Australia on Tuesday, reporting that following "mechanical issues", only 50% of the planned maiden reverse circulation drilling programme was complete at the Sterling prospect.

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