Newbie and thinking of investing would like help pls10 Oct 2020 22:39
Hi guys, hope your all ok.
I've been reading up on thor mining,and like the prospects here however I was reading over the rnss and the one from 2.10.20 re general meeting and issue of equity. I want to make sure I understand it right pls.
Metting to take place on 20.10 and put of the meeting is to discuss and get shareholders permission to add to aim 53+ million shares to trade on 23.10.20 this would be putting with all warrants / shares etc into the 1.5 billion shares in issue?
What if anything do you think this issue of extra shares will have on the sp? I'm debating whether to jump in now or wait until after the new issued shares are on the market.
Info from the rns "Settlement and dealings
Application will be made to the AIM Market of the London Stock Exchange ("AIM") for a total of 53,833,333 new Ordinary Shares, pursuant to the Conditional Placing, which will 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 or around 23 October 2020 ("Admission").
Total Voting Rights
For the purposes of the Financial Conduct Authority's Disclosure Guidance and Transparency Rules ("DTRs"), following Admission of the Initial Placing ordinary shares, Thor will have 1,493,204,800 Ordinary Shares in issue with voting rights attached. Thor holds no shares in treasury. This figure of 1,493,204,800 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."
Any guidance or experience of this placing etc in previous companies for example would be greatly appreciated.
I am aware that we (almost we when I jump in) are due news on the magnetic surveys plus the info on further tenaments/ licences in Pilbara region.
But any help would be appreciated as new to investing and just want to make sure I'm understanding things correctly
Thx
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