The Directors of Thor Mining PLC (“Thor” or the “Company”) (AIM, ASX: THR) are pleased to announce that the Company has appointed Mr Mark Potter to the Board as a Non-Executive Director with immediate effect.
Mr Mick Billing, Executive Chairman, commented:
“We are pleased to announce the appointment of Mark as a Non-Executive Director of Thor. Mark is a Director of Metal Tiger Plc, a major shareholder of Thor, and we are delighted to be able to further strengthen our ties with Metal Tiger.
“Mark has an outstanding background in commercial aspects of the resources industry, and we are very pleased to add his strengths to our team.”
Mark Potter is a Director of Metal Tiger Plc, a company quoted on the AIM market of the London Stock Exchange.
Mark is the Founder and a Partner of Sita Capital Partners LLP, an investment management and advisory firm specialising in investments in the mining industry. He was formerly a Director and Chief Investment Officer of Anglo Pacific Group, a London listed natural resources royalty company, where he successfully led a turnaround of the business through acquisitions, disposals of non-core assets, and successful equity and debt fundraisings.
Prior to Anglo Pacific, Mark was a founding member and Investment Principal for Audley Capital Advisors LLP, a London based activist hedge fund, where he was responsible for managing all-natural resources investments. Mark worked on several landmark deals in the mining sector including the successful distressed investment and turnaround of Western Coal Corp and its Can$3.3bn sale to Walter Energy Inc.
Mark invested over US$300m during the period 2005 to 2012 in the mining sector, realising proceeds of over US$900m on which he generated returns in excess of US$600m. The Audley European Opportunities Fund was nominated by Eurohedge as a top-performing hedge fund in the event-driven space for 2006, 2007 and 2010.
Prior to Audley Capital, Mark worked in corporate finance for Salomon Smith Barney (Citigroup) and Dawnay, Day, private equity and corporate finance advisory boutique during which time he completed over US$2bn of M&A, equity and debt transactions. Mark graduated with an MA degree in Engineering and Management Studies from Trinity College, University of Cambridge.
Mark Roderick Potter, aged 42, is or has been a director of the following companies or a partner in the following partnerships during the last five years:
Mark Potter does not hold any shares in the Company. Metal Tiger plc, of which Mark Potter is a Director and Chief Investment Officer, holds 74,050,000 Thor Ordinary Shares of 0.01p each, representing 9.01 per cent. Of the Company’s Total Voting Rights.
There is no further information that is required to be disclosed pursuant to Rule 17 and Schedule 2 paragraph (g) of the AIM Rules for Companies
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
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