The Board of Thor Mining Plc (“Thor” or the “Company”) (AIM, ASX: THR), is pleased to advise that it has received binding warrant exercise notices for the conversion of 18,113,051 warrants at the exercise prices shown below, resulting in aggregate gross proceeds being receivable by the Company of £216,598.
This brings the total gross proceeds from the exercise of warrants and options since the beginning of November 2017 to £966,882.
|
Number of warrants Exercised |
Exercise price |
Proceeds received |
|
252,914 |
0.9 pence |
₤2,276 |
|
17,860,137 |
1.2 pence |
₤214,322 |
Settlement and dealings
Application will be made to the AIM Market of the London Stock Exchange (“AIM”) for 18,113,051 Thor ordinary shares of 0.01p each (“Ordinary Shares”), pursuant to the warrant exercise, which rank pari passu with the Company’s existing issued Ordinary Shares, to be admitted to trading. Dealings on AIM are expected to commence at 8:00am on or around 29 November 2017 (“Admission”).
Total Voting Rights
For the purposes of the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules (“DTRs”), following Admission, Thor will have 533,964,556 Ordinary Shares in issue with voting rights attached. Thor holds no shares in treasury. This figure of 533,964,556 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the ASX Listing Rules or the DTRs.
Subject to receiving shareholder approval at the forthcoming AGM to complete the conditional placing announced on 20 October 2017, and assuming that Thor issues no further Ordinary Shares in the meantime, following the completion of the conditional placing, Thor will have 575,115,870 Ordinary Shares in issue.
