Last checked at 3 Jun 2014 09:26
Tuesday, 3 June 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.
3rd June 2014
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 7.1A placement (25,000,000 CDI's) on existing shareholders is 1.5%.
Further details of the approximate percentage of the issued capital post the placement held by pre-placement shareholders and new shareholders are as follows.
Shareholder category | Holding pre placement | Holding post placement |
Pre-placement security holders who did not participate in the placement | 98.69% | 97.24% |
Pre-placement security holders who did participate in the placement | 1.31% | 2.03% |
Participants in the placement who were not previously security holders | - | 0.73% |
Total | 100% | 100% |
b. As advised to the ASX on 26 May 2014, the company has resolved to utilise the capacity available to it under ASX Listing Rule 7.1A. The company considers this to be the most effective and expedient method for raising funds to meet working capital requirements.
c. No underwriting arrangements were in place for the placement, and
d. Fees incurred in connection with the issue were $4,000.
Yours Faithfully
Ray Ridge
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 |
Ray Ridge | +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 | +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.