REG - Thor Mining PLC - Director/PDMR Shareholding
RNS Number : 5604GThor Mining PLC27 November 202027 November 2020
THOR MINING PLC
("Thor" or the "Company")
Director/PDMR Shareholding
The Directors of Thor Mining PLC (AIM, ASX: THR) provide a notice of the change in securities held by three Directors.
The change in Directors' interests follows shareholder approval at the annual general meeting on 25 November 2020, for the issue of ordinary shares of 0.01p each ("Ordinary Shares") at A$0.017 (1.7 cents) per Ordinary Share to Messrs Billing, Potter and McGeough in lieu of fees as follows:
Director
Shares issued
Existing Shares held
Resultant holding
Options held
Number
Number
%
Michael Billing
661,765
51,494,725
52,156,490
3.44%
14,750,000
Mark McGeough
661,765
833,333
1,495,098
0.10%
416,667
Mark Potter
1,323,529
1,587,302
2,910,831
0.19%
8,000,000
The relevant details are provided in the notifications below, made in accordance with the requirements of the EU Market Abuse Regulation and the Australian Securities Exchange.
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 LLP
Nominated Adviser
Nick Emerson
+44 (0) 1483 413 500
SI Capital Ltd
Broker
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 (AIM, ASX: THR) 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 August 2018¹ suggested attractive returns.
Adjacent Molyhil, at Bonya, Thor holds a 40% interest in deposits of tungsten, copper, and vanadium, including an Inferred resource for the Bonya copper deposit².
Thor also holds a 30% interest Australian copper development company EnviroCopper Limited, which in turn holds rights to earn up to a 75% interest in the mineral rights and claims over the resource on the portion of the historic Kapunda copper mine in South Australia recoverable by way of in situ recovery⁴, and also holds rights to earn a 75% interest in portion of the Moonta Copper project also in South Australia, and is considered amenable to recovery by way of in situ recovery⁵.
Thor also holds 100% of the Pilot Mountain tungsten project in Nevada USA which has a JORC 2012 Indicated and Inferred Resources Estimate³ on 2 of the 4 known deposits. The US Department of the Interior has confirmed that tungsten, the primary resource mineral at Pilot Mountain, has been included in the final list of Critical Minerals 2018.
At the 100% owned Ragged Range in the Pilbara region of Western Australia, Thor has exciting early stage results for which gold and nickel drilling is planned.
Thor holds mineral claims in the US states of Colorado and Utah with historical high-grade uranium and vanadium drilling and production results.
Notes
¹ Refer ASX and AIM announcement of 23 August 2018
² Refer ASX and AIM announcement of 26 November 2018
³ Refer AIM announcement of 13 December 2018 and ASX announcement of 14 December 2018
⁴ Refer AIM announcement of 10 February 2018 and ASX announcement of 12 February 2018
⁵ Refer ASX and AIM announcement of 15 August 2019
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
ARBN: 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
Michael Robert Billing
Date of last notice
26 October 2020
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 holder)
Note: Provide details of the circumstances giving rise to the relevant interest.
Michael Billing is:
· a trustee and beneficiary of the Lapun Kamap Super Fund
• a trustee and beneficiary of the Lapun Kamap BB Super Fund
• a director and shareholder of MBB Trading Pty Ltd.
Date of change
27 November 2020
No. of securities held prior to change
Direct
· 7,860,642 Ordinary Shares/CDIs
· 4,500,000 Unlisted options, exercise price 3.5625 pence, expiry 07/06/21
Indirect
Held by Mr M Billing and Mrs B Billing as trustees and beneficiaries of the Lapun Kamap Super Fund.
· 17,423,689 Ordinary Shares/CDIs
· 8,000,000 Unlisted options exercisable at A$0.0095 expiring 8 July 2023
· 375,000 Unlisted options exercise price £0.01 expiring 23 October 2022
Held by Mr M Billing and Mrs B Billing as trustees and beneficiaries of the Lapun Kamap BB Super Fund.
· 8,425,000 ordinary Shares/CDIs
· 375,000 Unlisted options exercise price £0.01 expiring 23 October 2022
Held by MBB Trading Pty Ltd
· 17,785,394 Ordinary Shares/CDIs
· 1,000,000 Listed Options exercise price A$0.01 expiring 8 July 2023
· 500,000 Unlisted options exercise price £0.01 expiring 23 October 2022
Class
Ordinary Shares or CDI's
Number acquired
661,765 Ordinary Shares/CDIs
Number disposed
-
Value/Consideration
Note: If consideration is non-cash, provide details and estimated valuation
Shares/CDI's received in lieu of cash payment of $11,250 for directors fees, at a price of $0.017 being the closing price for ASX traded CDI's on 13 October 2020, being the last practicable date prior to preparation of the Notice of Meeting.
No. of securities held after change
Direct
· 8,522,407 Ordinary Shares/CDIs
· 4,500,000 Unlisted options, exercise price 3.5625 pence, expiry 07/06/21
Indirect
Held by Mr M Billing and Mrs B Billing as trustees and beneficiaries of the Lapun Kamap Super Fund.
· 17,423,689 Ordinary Shares/CDIs
· 8,000,000 Unlisted options exercisable at A$0.0095 expiring 8 July 2023
· 375,000 Unlisted options exercise price £0.01 expiring 23 October 2022
Held by Mr M Billing and Mrs B Billing as trustees and beneficiaries of the Lapun Kamap BB Super Fund.
· 8,425,000 ordinary Shares/CDIs
· 375,000 Unlisted options exercise price £0.01 expiring 23 October 2022
Held by MBB Trading Pty Ltd
· 17,785,394 Ordinary Shares/CDIs
· 1,000,000 Listed Options exercise price A$0.01 expiring 8 July 2023
· 500,000 Unlisted options exercise price £0.01 expiring 23 October 2022
Nature of change
Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back
661,765 Shares/CDI's received in lieu of cash payment of $11,250 for directors fees. Approved by shareholders at the AGM 25 November 2020.
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 in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?
No
If so, was prior written clearance provided to allow the trade to proceed during this period?
N/A
If prior written clearance was provided, on what date was this provided?
N/A
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
ARBN: 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
Mark Potter
Date of last notice
9 July 2020
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
Nature of indirect interest
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant interest.
N/A.
Date of change
27 November 2020
No. of securities held prior to change
· 1,587,302 Ordinary Shares/CDIs
· 8,000,000 Unlisted options exercisable at A$0.0095 expiring 8 July 2023
Class
Ordinary Shares/CDIs
Number acquired
1,323,529
Number disposed
-
Value/Consideration
Note: If consideration is non-cash, provide details and estimated valuation
Shares/CDI's received in lieu of cash payment of $22,500 for directors fees, at a price of $0.017 being the closing price for ASX traded CDI's on 13 October 2020, being the last practicable date prior to preparation of the Notice of Meeting
No. of securities held after change
· 2,910,831 Ordinary Shares/CDIs
· 8,000,000 Unlisted options exercisable at A$0.0095 expiring 8 July 2023
Nature of change
Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back
· 1,323,529 Shares/CDI's received in lieu of cash payment of $22,500 for directors fees. Approved by shareholders at the AGM 25 November 2020.
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 in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?
No
If so, was prior written clearance provided to allow the trade to proceed during this period?
N/A
If prior written clearance was provided, on what date was this provided?
N/A
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
ARBN: 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
Mark McGeough
Date of last notice
26 October 2020
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
Nature of indirect interest
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change
27 November 2020
No. of securities held prior to change
Nil
Class
Ordinary Shares or CDI's
Number acquired
661,765
Number disposed
-
Value/Consideration
Note: If consideration is non-cash, provide details and estimated valuation
Shares/CDI's received in lieu of cash payment of $11,250 for directors fees, at a price of $0.017 being the closing price for ASX traded CDI's on 13 October 2020, being the last practicable date prior to preparation of the Notice of Meeting
No. of securities held after change
· 1,495,098 Ordinary Shares/CDIs
· 416,667 Unlisted options exercise price £0.01 expiring 23 October 2022
Nature of change
Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back
661,765 Shares/CDI's received in lieu of cash payment of $11,250 for directors fees. Approved by shareholders at the AGM 25 November 2020.
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 in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?
No
If so, was prior written clearance provided to allow the trade to proceed during this period?
N/A
If prior written clearance was provided, on what date was this provided?
N/A
Notification of Transactions of Persons Discharging Managerial Responsibility and Persons Closely Associated with them
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Michael Billing
2
Reason for the notification
a)
Position/status
Executive Chairman
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Thor Mining Plc
b)
LEI
213800WO61Y9GPALD478
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Ordinary shares of 0.01 pence each
Identification code
Ordinary share ISIN: GB00BD0NBV71
b)
Nature of the transaction
Issue of shares in lieu of fees as approved by shareholders on 25 November 2020.
.c)
Price(s) and volume(s)
Price(s)
Volume(s)
Ordinary Shares
A$0.017 (1.7 cents)
661,765
d)
Aggregated information
- Aggregated volume
n/a
- Price
e)
Date of the transaction
27 November 2020
f)
Place of the transaction
Outside a trading venue
Notification of Transactions of Persons Discharging Managerial Responsibility and Persons Closely Associated with them
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Mark McGeough
2
Reason for the notification
a)
Position/status
Non-Executive Director
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Thor Mining Plc
b)
LEI
213800WO61Y9GPALD478
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Ordinary shares of 0.01 pence each
Identification code
Ordinary share ISIN: GB00BD0NBV71
b)
Nature of the transaction
Issue of shares in lieu of fees as approved by shareholders on 25 November 2020.
.c)
Price(s) and volume(s)
Price(s)
Volume(s)
Ordinary Shares
A$0.017 (1.7 cents)
661,765
d)
Aggregated information
- Aggregated volume
n/a
- Price
e)
Date of the transaction
27 November 2020
f)
Place of the transaction
Outside a trading venue
Notification of Transactions of Persons Discharging Managerial Responsibility and Persons Closely Associated with them
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Mark Potter
2
Reason for the notification
a)
Position/status
Non-Executive Director
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Thor Mining Plc
b)
LEI
213800WO61Y9GPALD478
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Ordinary shares of 0.01 pence each
Identification code
Ordinary share ISIN: GB00BD0NBV71
b)
Nature of the transaction
Issue of shares in lieu of fees as approved by shareholders on 25 November 2020.
.c)
Price(s) and volume(s)
Price(s)
Volume(s)
Ordinary Shares
A$0.017 (1.7 cents)
1,323,529
d)
Aggregated information
- Aggregated volume
n/a
- Price
e)
Date of the transaction
27 November 2020
f)
Place of the transaction
Outside a trading venue
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