Last checked at 4 Jul 2011 07:00
THOR MINING PLC
DIRECTORS HOLDINGS
Dated: 4 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 Norman Wayne Gardner's shareholding in the Company.
Mr Norman Wayne Gardner, a Director of the Company, and entities in which he has a beneficial interest, acquired a total of 1,785,603 CDI's on 28 June 2011 as a result of an in-specie distribution by Western Desert Resources Ltd of CDI's that company previously held in Thor.
Following the distribution, the total beneficial interests of Norman Wayne Gardner in the Securities of the Company are:
Held Directly: 48,570 CDI's;
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 Gardner Superannuation Nominees
3,164,025 CDI's;
816,326 listed CDI Options.
By Duskform Pty Ltd
13,980 CDI's.
By Barreta Pty Ltd
925,621 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 Norman Gardner'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 | Norman Wayne Gardner |
Date of last notice | 8 December 2010 |
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. | Norman Wayne Gardner is a director of: ·; Gardner Superannuation Nominees Pty Ltd ·; Duskform Pty Ltd ·; Barreta Pty Ltd |
Date of change | 28 June 2011 |
No. of securities held prior to change | Direct ·; 1,000,000 Unlisted options exercisable at $0.18 on or before 15 September 2011. ·; 2,000,000 Unlisted options exercisable at $0.04 on or before 24 November 2013. ·; Indirect Gardner Superannuation Nominees Pty Ltd. ·; 2,352,613 CDI shares. Duskform Pty Ltd. ·; 13,980 CDI shares |
Class | CDI Shares |
Number acquired - Direct | 48,570 CDI Shares |
Number acquired - Indirect | Gardner Superannuation Nominees Pty Ltd. ·; 811,412 CDI shares. Barreta Pty Ltd. ·; 925,621 CDI shares |
Number disposed | |
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation | Shares were issued as an in-specie distribution by Western Desert Resources Ltd to its shareholders, as detailed in "Nature of Change" below. |
No. of securities held after change - Direct | ·; 48,570 CDI Shares ·; 1,000,000 Unlisted options exercisable at $0.18 on or before 15 September 2011. ·; 2,000,000 Unlisted options exercisable at $0.04 on or before 24 November 2013.
|
No. of securities held after change - Indirect | Gardner Superannuation Nominees Pty Ltd. ·; 3,164,025 CDI shares. Duskform Pty Ltd. ·; 13,980 CDI shares Barreta Pty Ltd. ·; 925,621 CDI shares |
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back | Shares were issued as an in-specie distribution by Western Desert Resources Ltd to its shareholders, on condition that the resultant parcel constituted a marketable parcel of shares in Thor Mining PLC. The distribution was in accordance with a resolution passed at a General Meeting of Shareholders of Western Desert Resources Ltd on 14 June 2011.The above parties are all shareholders in Western Desert Resources. |
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 |
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.