TIDMTHR
RNS Number : 9252Z
Thor Mining PLC
20 March 2017
20 March 2017
THOR MINING PLC
("Thor" or the "Company")
The Directors of Thor Mining PLC (AIM, ASX: THR) have released
the following Appendix 3B announcement on the Australian Securities
Exchange ("ASX"), as required under the listing rules of the ASX.
This Appendix 3B announcement relates to the exercise of 3,312,477
warrants over ordinary shares of 0.01p each in the capital of the
Company (announced on 17 March 2017).
Rule 2.7, 3.10.3, 3.10.4, 3.10.5
Appendix 3B
New issue announcement,
application for quotation of additional securities
and agreement
Information or documents not available now must be given to ASX
as soon as available. Information and documents given to ASX become
ASX's property and may be made public.
Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98,
01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05,
01/08/12
Name of entity
Thor Mining PLC
---------------
ABN
121 117 673
-----------
We (the entity) give ASX the following information.
Part 1 -- All issues
You must complete the relevant sections (attach sheets if there
is not enough space).
1 +Class of +securities (a) Ordinary shares / CDIs
issued or to be issued (b) Ordinary Shares
2 Number of +securities (a) Transfers of 377,292 to AIM
issued or to be issued listed shares on the AIM Market
(if known) or maximum of the London Stock Exchange,
number which may be from ASX listed CDI's, during
issued the period 17 March 2017 to 19
March 2017.
(b) Issue of 3,312,477 Ordinary
Shares, in the UK, on 20 March
2017, as a result of the exercise
of unlisted options (termed warrants
in the UK). Expiry date was 27
July 2018.
Thereby increasing the total
number of securities, listed
on both AIM and ASX, to 372,250,843
as at 20 March 2017.
3 Principal terms of This represents:
the +securities (eg, (a) Transfers between AIM listed
if options, exercise shares on the AIM Market of the
price and expiry date; London Stock Exchange, and ASX
if partly paid +securities, listed CDI's.
the amount outstanding (b) Issue of 3,312,477 Ordinary
and due dates for payment; Shares in the UK on 20 March
if +convertible securities, 2017, as a result of the exercise
the conversion price of unlisted options (termed warrants
and dates for conversion) in the UK). Expiry date was 27
July 2018.
-----------------------------------------------
4 Do the +securities (a) Yes.
rank equally in all
respects from the date
of allotment with an
existing +class of
quoted +securities?
(b) Yes.
If the additional securities
do not rank equally,
please state:
* the date from which they do
* the extent to which they participate for the next
dividend, (in the case of a trust, distribution) or
interest payment
* the extent to which they do not rank equally, other
than in relation to the next dividend, distribution
or interest payment
-----------------------------------------------
5 Issue price or consideration (a) N/A
(b) Option exercise price of
GBP0.009 per share.
-----------------------------------------------
6 Purpose of the issue (a) N/A
(If issued as consideration (b) Issue of 3,312,477 Ordinary
for the acquisition Shares in the UK on 20 March
of assets, clearly 2017, as a result of the exercise
identify those assets) of unlisted options (termed warrants
in the UK).
-----------------------------------------------
6a Is the entity an +eligible Yes
entity that has obtained
security holder approval
under rule 7.1A?
If Yes, complete sections
6b - 6h in relation
to the +securities
the subject of this
Appendix 3B, and comply
with section 6i
-----------------------------------------------
6b The date the security 24 November 2016
holder resolution under
rule 7.1A was passed
-----------------------------------------------
6c Number of +securities N/A
issued without security
holder approval under
rule 7.1
-----------------------------------------------
6d Number of +securities N/A
issued with security
holder approval under
rule 7.1A
-----------------------------------------------
6e Number of +securities N/A
issued with security
holder approval under
rule 7.3, or another
specific security holder
approval (specify date
of meeting)
-----------------------------------------------
6f Number of securities (a) N/A
issued under an exception (b) 3,312,477
in rule 7.2
-----------------------------------------------
6g If securities issued N/A
under rule 7.1A, was
issue price at least
75% of 15 day VWAP
as calculated under
rule 7.1A.3? Include
the issue date and
both values. Include
the source of the VWAP
calculation.
-----------------------------------------------
6h If securities were N/A
issued under rule 7.1A
for non-cash consideration,
state date on which
valuation of consideration
was released to ASX
Market Announcements.
-----------------------------------------------
6i Calculate the entity's Refer attached Annexure 1
remaining issue capacity
under rule 7.1 and
rule 7.1A - complete
Annexure 1 and release
to ASX Market Announcements
-----------------------------------------------
7 Dates of entering +securities (a) Transfers 17 March 2017 to
into uncertificated 19 March 2017
holdings or despatch (b) 20 March 2017
of certificates
-----------------------------------------------
Number +Class
---------------- ----------------------------
Number and +class of
all +securities quoted Ordinary Shares quoted
on ASX (including the by
securities in section ASX ("THR" as CDIs)
8 2 if applicable) 118,298,929 as at 20 March 2017.
---------------- ----------------------------
Ordinary Shares admitted
to the AIM Market of
the London Stock Exchange,
as at 20 March 2017.
Unlisted Options:
1.25 pence unlisted
warrants expiring 1
December 2018.
1.25 pence unlisted
warrants expiring 5
March 2019.
1.25 pence unlisted
warrants expiring 7
April 2019.
1.25 pence unlisted
warrants expiring 11
April 2019.
1.25 pence unlisted
253,951,914 warrants expiring 26
48,000,000 July 2019.
16,000,000 1.25 pence unlisted
Number and +class of 40,000,000 warrants expiring 2
all +securities not 13,840,000 September 2019.
quoted on ASX (including 20,000,000 0.9 pence unlisted
the securities in section 10,000,000 warrants
9 2 if applicable) 21,207,497 expiring 27 July 2018.
---------------- ----------------------------
10 Dividend policy (in No Policy
the case of a trust,
distribution policy)
on the increased capital
(interests)
----------------------------------------------
Part 2 -- Bonus issue or pro rata issue - Not Applicable
Part 3 -- Quotation of securities
You need only complete this section if you are applying for
quotation of securities
34 Type of securities
(tick one)
(a) ü Securities described in Part 1
-------
(b) All other securities
Example: restricted securities at the end of the
escrowed period, partly paid securities that become
fully paid, employee incentive share securities
when restriction ends, securities issued on expiry
or conversion of convertible securities
Entities that have ticked box 34(a)
Additional securities forming a new class of securities
Tick to indicate you are providing
the information or documents
35 If the +securities are +equity securities, the
names of the 20 largest holders of the additional
+securities, and the number and percentage of
additional +securities held by those holders
36 If the +securities are +equity securities, a distribution
schedule of the additional +securities setting
out the number of holders in the categories
1 - 1,000
1,001 - 5,000
5,001 - 10,000
10,001 - 100,000
100,001 and over
37 A copy of any trust deed for the additional +securities
Entities that have ticked box 34(b)
38 Number of securities
for which +quotation
is sought
39 Class of +securities
for which quotation
is sought
----------------------------
40 Do the +securities
rank equally in all
respects from the date
of allotment with an
existing +class of
quoted +securities?
If the additional securities
do not rank equally,
please state:
* the date from which they do
* the extent to which they participate for the next
dividend, (in the case of a trust, distribution) or
interest payment
* the extent to which they do not rank equally, other
than in relation to the next dividend, distribution
or interest payment
41 Reason for request
for quotation now
Example: In the case
of restricted securities,
end of restriction
period
(if issued upon conversion
of another security,
clearly identify that
other security)
----------------------------
Number +Class
------------- -------------
42 Number and +class of
all +securities quoted
on ASX (including the
securities in clause
38)
------------- -------------
Quotation agreement
1 +Quotation of our additional +securities is in ASX's absolute
discretion. ASX may quote the +securities on any conditions it
decides.
2 We warrant the following to ASX.
-- The issue of the +securities to be quoted complies with the
law and is not for an illegal purpose.
-- There is no reason why those +securities should not be granted +quotation.
-- An offer of the (+) securities for sale within 12 months
after their issue will not require disclosure under section 707(3)
or section 1012C(6) of the Corporations Act.
Note: An entity may need to obtain appropriate warranties from
subscribers for the securities in order to be able to give this
warranty
-- Section 724 or section 1016E of the Corporations Act does not
apply to any applications received by us in relation to any
+securities to be quoted and that no-one has any right to return
any +securities to be quoted under sections 737, 738 or 1016F of
the Corporations Act at the time that we request that the
+securities be quoted.
-- If we are a trust, we warrant that no person has the right to
return the +securities to be quoted under section 1019B of the
Corporations Act at the time that we request that the +securities
be quoted.
3 We will indemnify ASX to the fullest extent permitted by law
in respect of any claim, action or expense arising from or
connected with any breach of the warranties in this agreement.
4 We give ASX the information and documents required by this
form. If any information or document not available now, will give
it to ASX before +quotation of the +securities begins. We
acknowledge that ASX is relying on the information and documents.
We warrant that they are (will be) true and complete.
Sign here: .............................. Date: 20 March 2017
(Company Secretary)
Print name: Ray Ridge
== == == == ==
Appendix 3B - Annexure 1
Calculation of placement capacity under rule 7.1 and rule 7.1A
for (+) eligible entities
Introduced 01/08/12
Part 1
Rule 7.1 - Issues exceeding 15% of capital
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Step 1: Calculate "A", the base figure from which the
placement capacity is calculated
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Insert number of fully paid as at 19 March 2016 181,455,501
ordinary securities on issue (4,536,387,510 pre-consolidation)
12 months before date of
issue or agreement to issue
------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Add the following:
* Number of fully paid ordinary securities issued in
that 12 month period under an exception in rule 7.2 Placement (1/6/16) 13,440,000
(approved 23 June 2016)
(pre consolidation 336,000,000)
* Number of fully paid ordinary securities issued in
that 12 month period with shareholder approval Placement (24/6/16) 34,560,000
(approved 23 June 2016)
(pre consolidation 864,000,000)
Placement (5/9/16) 16,000,000
(approved 6 October 2016)
(pre consolidation 400,000,000)
* Number of partly paid ordinary securities that became Placement (7/10/16) 40,000,000
fully paid in that 12 month period (approved 6 October 2016)
(pre consolidation 1,000,000,000)
Note:
* Include only ordinary securities here - other classes Placement (11/10/16) 13,840,000
of equity securities cannot be added (approved 6 October 2016)
(pre consolidation 346,000,000)
* Include here (if applicable) the securities the
subject of the Appendix 3B to which this form is Remuneration (25/11/2016) 17,862,839
annexed (approved 24 November 2016)
(pre consolidation 446,570,973)
* It may be useful to set out issues of securities on Issue - options exercised 1,780,026
different dates as separate line items (Issued 17/3/17)
Issue - options exercised 3,312,477
(Issued 20/3/17)
------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Subtract the number of fully
paid ordinary securities
cancelled during that 12
month period 0
------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
"A" 322,250,843
------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Step 2: Calculate 15% of "A"
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
"B" 0.15
[Note: this value cannot be
changed]
------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Multiply "A" by 0.15 48,337,626
------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Step 3: Calculate "C", the amount of placement capacity
under rule 7.1 that has already been used
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Insert number of equity securities
issued or agreed to be issued Placement Shares (27/01/17)
in that 12 month period not 18,284,166
counting those issued: Warrants (27/01/17) 26,300,000
* Under an exception in rule 7.2
* Under rule 7.1A
* With security holder approval under rule 7.1 or rule
7.4
Note:
* This applies to equity securities, unless
specifically excluded - not just ordinary securities
* Include here (if applicable ) the securities the
subject of the Appendix 3B to which this form is
annexed
* It may be useful to set out issues of securities on
different dates as separate line items
------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
"C" 44,584,166
------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Step 4: Subtract "C" from ["A" x "B"] to calculate remaining
placement capacity under rule 7.1
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
"A" x 0.15
Note: number must be same
as shown in Step 2 48,337,626
------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Subtract "C"
Note: number must be same
as shown in Step 3 44,584,166
------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total ["A" x 0.15] - "C" 3,753,460
[Note: this is the remaining
placement capacity under rule
7.1]
------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Part 2
Rule 7.1A - Additional placement capacity for eligible
entities
--------------------------------------------------------------------------------------------
Step 1: Calculate "A", the base figure from which the
placement capacity is calculated
--------------------------------------------------------------------------------------------
"A"
Note: number must be same
as shown in Step 1 of Part
1 322,250,843
-------------------------------------------------------------- ----------------------------
Step 2: Calculate 10% of "A"
--------------------------------------------------------------------------------------------
"D" 0.10
Note: this value cannot be
changed
-------------------------------------------------------------- ----------------------------
Multiply "A" by 0.10 32,225,084
-------------------------------------------------------------- ----------------------------
Step 3: Calculate "E", the amount of placement capacity
under rule 7.1A that has already been used
--------------------------------------------------------------------------------------------
Insert number of equity securities Placement Shares (27/01/17)
issued or agreed to be issued 31,715,834
in that 12 month period under
rule 7.1A
Notes:
* This applies to equity securities - not just ordinary
securities
* Include here - if applicable - the securities the
subject of the Appendix 3B to which this form is
annexed
* Do not include equity securities issued under rule
7.1 (they must be dealt with in Part 1), or for which
specific security holder approval has been obtained
* It may be useful to set out issues of securities on
different dates as separate line items
-------------------------------------------------------------- ----------------------------
"E" 31,715,834
-------------------------------------------------------------- ----------------------------
Step 4: Subtract "E" from ["A" x "D"] to calculate remaining
placement capacity under rule 7.1A
----------------------------------------------------------------------------------------------------------
"A" x 0.10
Note: number must be same
as shown in Step 2 32,225,084
---------------------------- ----------------------------------------------------------------------------
Subtract "E"
Note: number must be same
as shown in Step 3 31,715,834
---------------------------- ----------------------------------------------------------------------------
Total ["A" x 0.10] - "E"
509,250
Note: this is the remaining
placement capacity under rule
7.1A
---------------------------- ----------------------------------------------------------------------------
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/ +44 (0) 207 383 5100 Grant Thornton UK Nominated Adviser
Daniel Bush/ LLP
Richard Tonthat
Elliot Hance +44 (0) 207382 8300 Beaufort Securities Joint Broker
Limited
Nick Emerson +44 (0) 1483 413 500 SI Capital Ltd Joint Broker
/
Andy Thacker
Tim Blythe/ +44 (0) 207 138 3222 Blytheweigh Financial PR
Camilla Horsfall
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, and on the Company's
twitter page @ThorMining.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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