An investment fund associated with Fleet Space will make a direct equity investment of $250,000 in Thor via
a share subscription at $0.04 per Share. The Shares are expected to be issued by 8 September 2023. The
Shares will be subject to voluntary escrow for 12 months. Refer Appendix 3B lodged 1 September 2023.
Ok that's a weird way of saying they will be issued shares to pay for this survey.
Share Subscription
Thor will issue 6,250,000 ordinary shares in Thor (“Ordinary Shares”) at A$0.04 (for a total value of
A$250,000) to Fleet. This is deemed the value of the ANT surveys only, with Fleet through the
collaborative partnership, processing and modelling all available geological data, to generate a new 3D
geological and mineralisation model, and assist Thor with drill targeting and the acceleration of
exploration activities at Alford East Project.
An investment fund associated with Fleet Space will make a...
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