Share Placement
The Directors of Thor Mining PLC (“Thor” or the “Company”) (AIM, ASX: THR, THRO),
are pleased to announce that the Company has raised £638,750 (approximately
A$1,022,000) by way of a Placing of 51,100,000 new Ordinary Shares of 0.3p each in
the capital of the Company (the “Placing”) to UK sophisticated clients of Simple
Investments, the Company’s Broker, at 1.25p per share. The proceeds of the placing
will be used to fund the Company's working capital requirements.
Completion of the placement and receipt of funds is expected to be finalized by 14
th
June 2012.
The placement utilises portion of the available 15% capacity of the Company’s issued
capital prior to the placement pursuant to ASX Listing Rule 7.1. Following the
allotment of these shares Thor Mining PLC will have 761,483,067 shares on issue.
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