Last checked at 21 Jul 2011 07:00
THOR MINING PLC
DIRECTORS HOLDINGS
Dated: 21 July 2011
The Directors of Thor Mining PLC ("Thor" or the "Company") (AIM, ASX: THR), the exploration company focussed on gold and base metal projects and advancing tungsten-molybdenum projects in the Northern Territory of Australia, today released the following report on the change in Michael Robert Billing's shareholding in the Company.
Mr Michael Robert Billing, a Director of the Company, and entities in which he has a beneficial interest, acquired a total of 2,500,000 CDI's on 13 July 2011. Those CDI's arose from the disposal by Western Desert Resources Ltd of unmarketable parcels remaining after an in-specie distribution of shares that company previously held in Thor.
Following the purchase, the total beneficial interests of Michael Robert Billing in the Securities of the Company are:
Held Directly: 119,806 CDI's;
816,327CDI Options;
1,000,000 unlisted options exercisable at
A$0.18 on or before 15 September 2011;
2,000,000 unlisted options exercisable at
A$0.04 on or before 24 November 2013.
Held Indirectly: By Lapun Kamap Superannuation Fund
6,971,113 CDI's;
2,040,816 listed CDI Options.
By MBB Trading Pty Ltd
40,435 CDI's.
The Company has also released the following Appendix 3Y notice of Change of Directors' interest on the Australian Stock Exchange ("ASX") as required under the rules of the ASX.
The above information on Michael Billing's holdings includes all the information disclosed in the following Appendix 3Y released to the ASX.
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 | 4 July 2011 |
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 | 13 July 2011 |
|
| No. of securities held before change - Direct | ·; 1,000,000 Unlisted Options exercisable at $0.18 on or before 15/9/2011.
·; 2,000,000 Unlisted Options exercisable at $0.04 on or before 24 November 2013.
·; 119,806 CDI shares |
|
| No. of securities held before change - Indirect | ·; 4,471,113 CDI Shares held by Mr M Billing as a trustee and beneficiary of the Lapun Kamap Super Fund. ·; 2,040,816 CDI Options held by Mr M Billing and Mrs B Billing as trustees and beneficiaries of the Lapun Kamap Super Fund.
·; 40,435 CDI shares held by MBB Trading Pty Ltd.
|
|
| Class | CDI Shares |
|
| Number acquired - Direct |
| |
| Number acquired - Indirect | ·; 2,500,000 CDI Shares acquired by Mr M Billing as a trustee and beneficiary of the Lapun Kamap Super Fund. |
|
| Number disposed | Nil |
|
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation | 2.0 cents per CDI share for total consideration of $50,000 | ||
No. of securities held after change - Direct | ·; 1,000,000 Unlisted Options exercisable at $0.18 on or before 15/9/2011.
·; 2,000,000 Unlisted Options exercisable at $0.04 on or before 24/11/2013.
·; 119,806 CDI Shares
| ||
No. of securities held after change - Indirect | ·; 6,971,113 CDI Shares held by Mr M Billing as a trustee and beneficiary of the Lapun Kamap Super Fund. ·; 2,040,816 CDI Options held by Mr M Billing as a trustee and beneficiary of the Lapun Kamap Super Fund. ·; 40,435 CDI Shares held by MBB Trading Pty Ltd
| ||
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back | On market purchase of 2,500,000 CDI shares on 13 July 2011, as part of the disposal of unmarketable parcels arising from the in-specie distribution of Thor Mining PLC CDI shares by Western Desert Resources Ltd. | ||
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? | Yes. As noted above, the CDI shares acquired were part of the balance of unmarketable parcels, arising from the in-specie distribution by Western Desert Resources Ltd processed on 28 June 2011. |
If so, was prior written clearance provided to allow the trade to proceed during this period? | Yes
|
If prior written clearance was provided, on what date was this provided? | 24 June 2011. |
Enquiries:
Mick Billing | +61 (8) 7324 193 | Thor Mining PLC | Executive Chairman |
Allan Burchard | +61 (8) 7324 1935 | Thor Mining PLC | CFO/Company Secretary |
John Simpson | +44 (0)20 7776 6550 | Daniel Stewart & Co. Plc | Nominated Adviser |
Nick Emerson/ Renato Rufus | +44 (0) 1483 413500 | Simple Investments | Broker |
Alex Walters | +44 (0) 7771713608 | 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.