Last checked at 12 Dec 2013 07:00
Thursday 12 December 2013
THOR MINING PLC
Information relating to Australian Share Placement
The Directors of Thor Mining PLC ("Thor" or the "Company") (AIM, ASX: THR) today released the following announcement on the Australian Securities Exchange ("ASX") as required under the listing rules of the ASX.
12 December 2013
Company Announcements Office
ASX Limited
Level 4, Exchange Centre
20 Bridge Street
Sydney NSW 2000.
Via e-lodgement
Information Required under ASX Listing Rule 3.10.5A
Thor Mining Plc ("The Company") provides the information required under ASX Listing Rule 3.10.5A as follows:
a. Dilution to existing holders:
The dilutive effect of the placement on existing shareholders is as follows:
Placement issue under Listing Rule 7.1 (nil CDIs) | - |
Placement issue under Listing Rule 7.1A (40,000,000 CDIs) | 3.1% |
Total dilution as a result of the placement | 3.1% |
b. Further details of the approximate percentage of the issued capital post the placement held by pre-placement shareholders and new shareholders are as follows. Please note that this information relates specifically to the portion of shares issued under Listing Rule 7.1A only (40,000,000 CDIs):
Pre-placement security holders who did not participate in the placement | 99.9% |
Pre-placement security holders who did participate in the placement | 0.1% |
Participants in the placement who were not previously security holders | 25.0% |
c. The company previously reported, in its announcement of 4 December 2013, that this issue of shares would utilise portion of the available 15% capacity pursuant to ASX Listing Rule 7.1. After further review, the company has resolved to utilise the capacity available to it under ASX Listing Rule 7.1A and considers this to be the most effective and expedient method for raising funds to meet working capital requirements.
d. No underwriting arrangements were in place for the placement, and
e. Fees incurred in connection with the issue were $2,500
Yours Faithfully
Allan Burchard
Company Secretary and Chief Financial Officer
Tel: +61 8 7324 1935
Fax: +61 8 8351 5169
Email: admin@thormining.com
Enquiries:
Mick Billing | +61 (8) 7324 1935
| Thor Mining PLC | Executive Chairman |
Allan Burchard | +61 (8) 7324 1935
| Thor Mining PLC | CFO/Company Secretary
|
Colin Aaronson/ David Hignell/ Jamie Barklem | +44 (0) 207 383 5100
| Grant Thornton UK LLP
| Nominated Adviser |
Nick Emerson/ Renato Rufus | +44 (0) 1483 413500 | SI Capital Limited
| Broker |
Alex Walters/ Emma Wigan | +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.