TIDMTHR
RNS Number : 4591C
Thor Mining PLC
22 January 2018
Monday, 22 January 2018
THOR MINING PLC
("Thor" or the "Company")
Director/PDMR Shareholding
The Company was informed by Paul Johnson on 18 January 2018 that
he has transferred 5 million ordinary shares of 0.01 pence each in
the capital of the Company ("Ordinary Shares") to his wife, Mrs M
Johnson, on 18 January 2018.
The notifications below, made in accordance with the
requirements of the Australian Securities Exchange, provide further
detail. The attached ASX notification also notes the acquisitions
of Ordinary Shares by Mrs M Johnson of 500,000 on 16 January 2018,
and 372,351 on 17 January 2018. Both of these transactions have
been previously reported on those dates.
Enquiries:
Mick Billing +61 (8) 7324 Thor Mining Executive
1935 PLC Chairman
Ray Ridge +61 (8) 7324 Thor Mining CFO/Company
1935 PLC Secretary
Colin Aaronson/ +44 (0) 207 Grant Thornton Nominated
Richard Tonthat 383 5100 UK LLP Adviser
Nick Emerson +44 (0) 1483 SI Capital Ltd Broker
413 500
Tim Blythe/ Camilla +44 (0) 207 Blytheweigh Financial
Horsfall 138 3222 PR
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.
About Thor Mining PLC
Thor Mining PLC is a resources company quoted on the AIM Market
of the London Stock Exchange and on ASX in Australia.
Thor holds 100% of the advanced Molyhil tungsten project in the
Northern Territory of Australia, for which an updated feasibility
study in 2015(1) suggested attractive returns.
Thor also holds 100% of the Pilot Mountain tungsten project in
Nevada USA which has a JORC 2012 Indicated and Inferred Resources
Estimate(2) on 2 of the 4 known deposits.
Thor is also acquiring up to a 60% interest Australian copper
development company Environmental Copper Recovery SA Pty Ltd, which
in turn holds rights to earn up to a 75% interest in the mineral
rights and claims over the portion of the historic Kapunda copper
mine in South Australia recoverable by way of in situ recovery.
Thor has a material interest in US Lithium Pty Limited, an
Australian private company with a 100% interest in a Lithium
project in Nevada, USA.
Finally, Thor also holds a production royalty entitlement from
the Spring Hill Gold project(3) of:
-- A$6 per ounce of gold produced from the Spring Hill tenements
where the gold produced is sold for up to A$1,500 per ounce;
and
-- A$14 per ounce of gold produced from the Spring Hill
tenements where the gold produced is sold for amounts over A$1,500
per ounce.
Notes
-- (1) Refer ASX and AIM announcement of 12 January 2015
-- (2) Refer AIM announcement of 22 May 2017 and ASX announcement of 23 May 2017
-- (3) Refer AIM announcement of 26 February 2016 and ASX announcement of 29 February 2016
-- At the date of this announcement gold is trading at approximately A$1,680/oz
Rule 3.19A.2
Appendix 3Y
Change of Director's Interest Notice
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 30/09/01 Amended 01/01/11
Name of entity Thor Mining PLC
------------------------------
ABN 121 117 673
------------------------------
We (the entity) give ASX the following information under listing
rule 3.19A.2 and as agent for the director for the purposes of
section 205G of the Corporations Act.
Name of Director Paul Johnson
-------------------- ----------------
Date of last notice 1 December 2017
-------------------- ----------------
Part 1 - Change of director's relevant interests in
securities
In the case of a trust, this includes interests in the trust
made available by the responsible entity of the trust
Note: In the case of a company, interests which come within
paragraph (i) of the definition of "notifiable interest of a
director" should be disclosed in this part.
Direct or indirect interest Direct and Indirect
---------------------------------- ------------------------------------------------------------------
Nature of indirect interest
(including registered * Mrs M Johnson (spouse)
holder)
Note: Provide details
of the circumstances * Value Generation Limited, a company 50% owned by Mr P
giving rise to the relevant Johnson and 50% owned by Mrs M Johnson.
interest.
---------------------------------- ------------------------------------------------------------------
Date of change 16 January 2018 (500,000
purchase)
17 January 2018 (372,351
purchase)
18 January 2018 (5,000,000
transfer)
---------------------------------- ------------------------------------------------------------------
No. of securities held
prior to change - Direct * 22,402,649 Ordinary Shares (AIM listed)
* 3,200,000 Unlisted Options, exercise price GBP0.0125,
expiry 1/10/18.
* 5,000,000 Unlisted options, exercise price 1.8 pence,
expiry 28/7/19.
* 3,000,000 Unlisted options, exercise price 1.8 pence,
expiry 31/3/20.
---------------------------------- ------------------------------------------------------------------
No. of securities held
prior to change - Indirect * 4,600,000 Ordinary Shares (AIM listed) held by Mrs M
Johnson.
Value Generation Limited:
* 4,125,000 Ordinary Shares (AIM listed) held by Value
Generation Limited.
* 3,125,000 Unlisted options, exercise price 1.2 pence,
expiry 29/11/18.
---------------------------------- ------------------------------------------------------------------
Class Ordinary Shares
---------------------------------- ------------------------------------------------------------------
Number acquired - Direct N/A
---------------------------------- ------------------------------------------------------------------
Number acquired - Indirect Mrs M Johnson
* 500,000 Ordinary Shares (AIM listed) acquired
16/1/18.
* 372,351 Ordinary Shares (AIM listed) acquired 17/1/18
* 5,000,000 transferred from Mr Paul Johnson
---------------------------------- ------------------------------------------------------------------
Number disposed
* 5,000,000 transferred to Mrs M Johnson
---------------------------------- ------------------------------------------------------------------
Value/Consideration
Note: If consideration * 2.5 pence per Ordinary Share, or total consideration
is non-cash, provide of GBP12,500. 16/1/18
details and estimated
valuation
* 2.634 pence per Ordinary Share, or total
consideration of GBP9,807.73. 17/1/18
---------------------------------- ------------------------------------------------------------------
No. of securities held
after change - Direct * 17,402,649 Ordinary Shares (AIM listed)
* 3,200,000 Unlisted Options, exercise price GBP0.0125,
expiry 1/10/18.
* 5,000,000 Unlisted options, exercise price 1.8 pence,
expiry 28/7/19.
* 3,000,000 Unlisted options, exercise price 1.8 pence,
expiry 31/3/20.
---------------------------------- ------------------------------------------------------------------
No. of securities held
after change - Indirect * 10,472,351 Ordinary Shares (AIM listed) held by Mrs M
Johnson.
Value Generation Limited:
* 4,125,000 Ordinary Shares (AIM listed) held by Value
Generation Limited.
* 3,125,000 Unlisted options, exercise price 1.2 pence,
expiry 29/11/18.
---------------------------------- ------------------------------------------------------------------
Nature of change
Example: on-market trade, * On market (AIM) purchase of 500,000 Ordinary Shares
off-market trade, exercise on 16/1/18, and 372,351 on 17/1/18.
of options, issue of
securities under dividend
reinvestment plan, participation * The transfer of 5,000,000 Ordinary Shares from Mr
in buy-back Paul Johnson to Mrs M Johnson on 18/1/18.
---------------------------------- ------------------------------------------------------------------
Part 2 - Change of director's interests in contracts
Note: In the case of a company, interests which come within
paragraph (ii) of the definition of "notifiable interest of a
director" should be disclosed in this part.
Detail of contract
----------------------------
Nature of interest
----------------------------
Name of registered
holder
(if issued securities)
----------------------------
Date of change
----------------------------
No. and class of securities
to which interest
related prior to change
Note: Details are
only required for
a contract in relation
to which the interest
has changed
----------------------------
Interest acquired
----------------------------
Interest disposed
----------------------------
Value/Consideration
Note: If consideration
is non-cash, provide
details and an estimated
valuation
----------------------------
Interest after change
----------------------------
Part 3 - +Closed period
Were the interests No.
in the securities
or contracts detailed
above traded during
a +closed period where
prior written clearance
was required?
--------------------------- ----
If so, was prior written No.
clearance provided
to allow the trade
to proceed during
this period?
--------------------------- ----
If prior written clearance N/A
was provided, on what
date was this provided?
--------------------------- ----
This information is provided by RNS
The company news service from the London Stock Exchange
END
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