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30 Oct 2014 07:00
Thursday, 30 October 2014
THOR MINING PLC
Thor Mining PLC ("Thor" or the "Company")
The Directors of Thor Mining PLC (AIM, ASX: THR) today released the following announcement on the Australian Securities Exchange ("ASX") as required under the listing rules of the ASX.
30 October 2014
Company Announcements Office,
ASX Securities Limited,
20, Bridge Street,
Sydney, N.S.W. 2000
Appendix 3Ys - Issue of Shares (as CDIs) to Directors
The Directors of Thor Mining PLC ("Thor" or the "Company") (AIM, ASX THR) advise of:
The issue of shares, as CDIs, to directors in accordance with resolutions passed at the General Meeting of the company held on 31 July 2014 as follows:
M R Billing 34,530,386
M K Ashton 34,530,386
T J Ireland 13,812,155
D E Thomas 13,812,155
Total 96,685,082
The above Thor Directors provided unsecured loans totalling $175,000 to Black Fire Minerals Limited ("Black Fire") (ASX: BFE) in March 2014, to enable Black Fire to complete its acquisition of the Pilot Mountain Tungsten Project, subsequently creating the opportunity for Thor to acquire the Pilot Mountain Tungsten Project from Black Fire. The Directors agreed to convert their unsecured loans to Thor CDIs, immediately upon completion of the subsequent acquisition by Thor, as approved by Thor shareholders at a General Meeting held 31 July 2014.
With the Thor acquisition now complete (refer to the ASX announcement of 28 October 2014), a total 96,685,082 ordinary shares of 0.01p each ("Ordinary Shares") have been issued to the Directors on the 29 of October 2014, as full repayment of the unsecured Director loans (at an issue price A$0.00181).
The applicable Appendix 3Y's are attached.
Rule 3.19A.2
Appendix 3Y
Change of Director's Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.
Introduced 30/9/2001.
Name of entity: Thor Mining PLC |
ARBN: 121 117 673 |
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
· Name of Director | Michael Robert Billing |
Date of last notice | 2 May 2014 |
Part 1 - Change of director's relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Direct or indirect interest | Direct & Indirect | ||
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
| Michael Billing is: · a trustee and beneficiary of the Lapun Kamap Super Fund and · a director and shareholder of MBB Trading Pty Ltd. | ||
Date of change | 28 October 2014 | ||
No. of securities held before change - Direct |
· 2,976,949 CDIs · 2,500,000 AIM listed Shares
| ||
No. of securities held before change - Indirect | Held by Mr M Billing and Mrs B Billing as trustees and beneficiaries of the Lapun Kamap Super Fund. · 16,314,701 CDIs
Held by MBB Trading Pty Ltd · 11,063,123 CDIs.
| ||
| Class | · CDIs (ASX) · Shares (AIM)
| |
| Number acquired - Direct | N/A | |
| Number acquired - Indirect | · 34,530,386 CDI Shares held by Mr M Billing and Mrs B Billing as trustees and beneficiaries of the Lapun Kamap Super Fund.
| |
| Number disposed | N/A
| |
| Value/Consideration (a) Note: If consideration is non-cash, provide details and estimated valuation | Existing loan of A$62,500 converted to CDIs at a price of $0.00181. A number of Thor Directors provided loans to Black Fire Minerals Limited in March 2014, to enable that company to complete its acquisition of the Pilot Mountain Tungsten Project. Thor Mining PLC subsequently acquired the Pilot Mountain Tungsten Project effective 28 October 2014, including the assignment of those loans. The Directors have agreed to immediately convert their loans to Thor CDIs. This was approved at the 31 July 2014 General Meeting (resolution 7). | |
| No. of securities held after change - Direct |
· 2,976,949 CDIs · 2,500,000 AIM listed Shares
| |
| No. of securities held after change - Indirect | Held by Mr M Billing and Mrs B Billing as trustees and beneficiaries of the Lapun Kamap Super Fund. · 50,845,087 CDIs
Held by MBB Trading Pty Ltd · 11,063,123 CDIs.
| |
| Nature of change (b) Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back | Conversion of loans to CDIs. See background provided at the above section entitled "Value/Consideration". | |
Part 2 - Change of director's interests in contracts
Detail of contract | |
Nature of interest
| |
Name of registered holder (if issued securities)
| |
Date of change | |
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed
| |
Interest acquired | |
Interest disposed
| |
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
| |
Interest after change |
Part 3 - +Closed period
Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?
| No. |
If so, was prior written clearance provided to allow the trade to proceed during this period? | N/A
|
If prior written clearance was provided, on what date was this provided?
| N/A |
Rule 3.19A.2
Appendix 3Y
Change of Director's Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.
Introduced 30/9/2001.
Name of entity: Thor Mining PLC |
ARBN: 121 117 673 |
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
1 Name of Director | Michael Ashton |
Date of last notice | 5 December 2013
|
Part 1 - Change of director's relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Direct or indirect interest | Direct & Indirect |
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
| Michael Ashton is a director of: · Ashton Drilling Services Pty Ltd · Mick Ashton Nominees Pty Ltd and owns 100% of the issued share capital of both. · Greenstone Property Pty Ltd and owns a controlling shareholding in that company. |
Date of change | 28 October 2014 |
No. of securities held prior to change -Direct | |
No. of securities held prior to change- Indirect | Ashton Drilling Services · 245,569 CDIs Mick Ashton Nominees Pty Ltd. · 21,036,025 CDIs Mick Ashton Superannuation Fund · 350,453 CDIs Greenstone Property Pty Ltd · 2,550,698 CDIs
|
Class | CDIs
|
Number acquired - Direct | Nil |
Number acquired - Indirect | Mick Ashton Nominees Pty Ltd · 34,530,386 CDIs |
Number disposed | Nil |
Value/Consideration · Note: If consideration is non-cash, provide details and estimated valuation | Existing loan of A$62,500 converted to CDIs at a price of $0.00181. A number of Thor Directors provided loans to Black Fire Minerals Limited in March 2014, to enable that company to complete its acquisition of the Pilot Mountain Tungsten Project. Thor Mining PLC subsequently acquired the Pilot Mountain Tungsten Project effective 28 October 2014, including the assignment of those loans. The Directors have agreed to immediately convert their loans to Thor CDIs. This was approved at the 31 July 2014 General Meeting (resolution 7). |
No. of securities held after change - Direct | Nil
|
No. of securities held after change - Indirect | Ashton Drilling Services · 245,569 CDIs Mick Ashton Nominees Pty Ltd. · 55,566,411 CDIs Mick Ashton Superannuation Fund · 350,453 CDIs Greenstone Property Pty Ltd · 2,550,698 CDIs
|
Nature of change · Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back | Conversion of loans to CDIs. See background provided at above section entitled "Value/Consideration". |
Part 2 - Change of director's interests in contracts
Detail of contract | |
Nature of interest
| |
Name of registered holder (if issued securities)
| |
Date of change | |
No. and class of securities to which interest related prior to change · Note: Details are only required for a contract in relation to which the interest has changed
| |
Interest acquired | |
Interest disposed | |
Value/Consideration · Note: If consideration is non-cash, provide details and an estimated valuation
| |
Interest after change |
Part 3 - +Closed period
Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required? | No |
If so, was prior written clearance provided to allow the trade to proceed during this period? | N/A |
If prior written clearance was provided, on what date was this provided? | N/A |
Rule 3.19A.2
Appendix 3Y
Change of Director's Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.
Introduced 30/9/2001.
Name of entity: Thor Mining PLC |
ARBN: 121 117 673 |
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
· Name of Director | Trevor John Ireland |
Date of last notice | 5 December 2013 |
Part 1 - Change of director's relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Direct or indirect interest | Direct and Indirect | |
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
| Shares owned by the Director's spouse, Mrs Carolyn Ireland | |
Date of change | 28 October 2014 | |
No. of securities held prior to change: Direct. | 7,544,929 CDIs.
| |
No. of securities held prior to change: Indirect. | 850,000 CDIs | |
Class | CDIs
| |
Number acquired - Direct | · 13,812,155 CDIs
| |
Number acquired - Indirect | Nil | |
Number disposed - Direct | Nil | |
Value/Consideration (a) Note: If consideration is non-cash, provide details and estimated valuation | Existing loan of A$25,000 converted to CDIs at a price of $0.00181. A number of Thor Directors provided loans to Black Fire Minerals Limited in March 2014, to enable that company to complete its acquisition of the Pilot Mountain Tungsten Project. Thor Mining PLC subsequently acquired the Pilot Mountain Tungsten Project effective 28 October 2014, including the assignment of those loans. The Directors have agreed to immediately convert their loans to Thor CDIs. This was approved at the 31 July 2014 General Meeting (resolution 7). |
|
No. of securities held after change: Direct |
· 21,357,084 CDIs.
|
|
No. of securities held after change: Indirect |
· 850,000 CDIs |
|
Nature of change (b) Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back | Conversion of loans to CDIs. See background provided at above section entitled "Value/Consideration". |
|
Part 2 - Change of director's interests in contracts
Detail of contract | |
Nature of interest
| |
Name of registered holder (if issued securities)
| |
Date of change | |
No. and class of securities to which interest related prior to change (c) Note: Details are only required for a contract in relation to which the interest has changed
| |
Interest acquired | |
Interest disposed | |
Value/Consideration (d) Note: If consideration is non-cash, provide details and an estimated valuation
| |
Interest after change |
Part 3 - +Closed period
Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required? | No |
If so, was prior written clearance provided to allow the trade to proceed during this period? | No |
If prior written clearance was provided, on what date was this provided? | N/A |
Rule 3.19A.2
Appendix 3Y
Change of Director's Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.
Introduced 30/9/2001.
Name of entity: Thor Mining PLC |
ARBN: 121 117 673 |
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
· Name of Director | David Edward Thomas |
Date of last notice | 5 December 2013 |
Part 1 - Change of director's relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Direct or indirect interest | Direct |
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
| |
Date of change | 28 October 2014 |
No. of securities held prior to change: Direct. | 6,185,502 CDIs
|
No. of securities held prior to change: Indirect. | Nil |
Class | CDIs
|
Number acquired - Direct | 13,812,155 CDIs |
Number acquired - Indirect | Nil |
Number disposed | Nil |
Value/Consideration (e) Note: If consideration is non-cash, provide details and estimated valuation | Existing loan of A$25,000 converted to CDIs at a price of $0.00181. A number of Thor Directors provided loans to Black Fire Minerals Limited in March 2014, to enable that company to complete its acquisition of the Pilot Mountain Tungsten Project. Thor Mining PLC subsequently acquired the Pilot Mountain Tungsten Project effective 28 October 2014, including the assignment of those loans. The Directors have agreed to immediately convert their loans to Thor CDIs. This was approved at the 31 July 2014 General Meeting (resolution 7). |
No. of securities held after change: Direct | 19,997,657 CDI shares |
No. of securities held after change: Indirect | Nil |
Nature of change (f) Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back | Conversion of loans to CDIs. See background provided at above section entitled "Value/Consideration". |
Part 2 - Change of director's interests in contracts
Detail of contract | |
Nature of interest
| |
Name of registered holder (if issued securities)
| |
Date of change | |
No. and class of securities to which interest related prior to change (g) Note: Details are only required for a contract in relation to which the interest has changed
| |
Interest acquired | |
Interest disposed | |
Value/Consideration (h) Note: If consideration is non-cash, provide details and an estimated valuation
| |
Interest after change |
Part 3 - +Closed period
Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required? | No |
If so, was prior written clearance provided to allow the trade to proceed during this period? | N/A |
If prior written clearance was provided, on what date was this provided? | N/A |
Enquiries:
Mick Billing | +61 (8) 7324 1935 | Thor Mining PLC | Executive Chairman |
Ray Ridge | +61 (8) 7324 1935
| Thor Mining PLC | CFO/Company Secretary |
Colin Aaronson/ David Hignell/ Harrison Clarke | +44 (0) 207 383 5100
| Grant Thornton UK LLP
| Nominated Adviser |
Andrew Monk/ Bhavesh Patel | +44 (0) 20 3005 5000 | VSA Capital Ltd
| Broker |
Alex Walters | +44 (0) 7771 713608 +44 (0) 207 839 9260 | Cadogan PR | 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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