REG - Thor Mining PLC - Director/PDMR Shareholding
22/11/2021 08:45
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RNS Number : 1063T Thor Mining PLC 22 November 2021
22 November 2021
THOR MINING PLC
("Thor" or the "Company")
Director/PDMR Shareholding
The Directors of Thor Mining PLC (AIM, ASX: THR) provide a notice of a change
in securities held by the Directors.
The change in Directors' interests follows shareholder approval at the annual
general meeting on 10 November 2021, for the granting of unlisted warrants
exercisable at £0.013 (1.3 pence) at any time through to the expiry date of
22 November 2025:
Director Existing Warrants held Warrants granted Resultant Warrants held Existing Shares held
Number
Number Number Number
Nicole Galloway Warland 4,000,000 12,000,000 16,000,000 250,000
Mark Potter 8,000,000 8,000,000 16,000,000 2,910,831
Mark McGeough - 8,000,000 8,000,000 1,861,765
Alastair Clayton - 8,000,000 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.
- Ends -
For further information on the Company, please visit www.thormining.com
(http://www.thormining.com) or contact the following:
Thor Mining PLC
Nicole Galloway Warland, Managing Director Tel: +61 (8) 7324 1935
Ray Ridge, CFO / Company Secretary Tel: +61 (8) 7324 1935
WH Ireland Limited (Nominated Adviser and Joint Broker) Tel: +44 (0) 207 220 1666
Jessica Cave / Darshan Patel / Megan Liddell
Jasper Berry (Corporate Broking)
SI Capital Limited (Joint Broker) Tel: +44 (0) 1483 413 500
Nick Emerson
Yellow Jersey (Financial PR) thor@yellowjerseypr.com
Sarah Hollins / Henry Wilkinson Tel: +44 (0) 20 3004 9512
Updates on the Company's activities are regularly posted on Thor's website
www.thormining.com (http://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; OTCQB: THORF) is a diversified resource
company quoted on the AIM Market of the London Stock Exchange, ASX in
Australia and OTCQB Market in the United States.
The Company is advancing its diversified portfolio of precious, base, energy
and strategic metal projects across USA and Australia. Its focus is on
progressing its copper, gold, uranium and vanadium projects, while seeking
investment/JV opportunities to develop its tungsten assets.
Thor owns 100% of the Ragged Range Project, comprising 92 km(2) of exploration
licences with highly encouraging early-stage gold and nickel results in the
Pilbara region of Western Australia, for which drilling is currently underway.
At Alford East in South Australia, Thor is earning an 80% interest in
copper-gold deposits considered amenable to extraction via In Situ Recovery
techniques (ISR). In January 2021, Thor has announced an Inferred Mineral
Resource Estimate of 177,000 tonnes contained copper & 71,000 oz gold¹.
Thor also holds a 30% interest in 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 and the Alford West copper project, both situated
in South Australia, and both considered amenable to recovery by way of
ISR.²³
Thor holds 100% interest in two private companies with mineral claims in the
US states of Colorado and Utah with historical high-grade uranium and vanadium
drilling and production results.
Thor holds 100% of the advanced Molyhil tungsten project, including measured,
indicated and inferred resources⁴, in the Northern Territory of Australia,
which was awarded Major Project Status by the Northern Territory government in
July 2020. Diamond drilling is currently underway to test potential extension
to mineralisation.
Adjacent to Molyhil, at Bonya, Thor holds a 40% interest in deposits of
tungsten, copper, and vanadium, including Inferred resource estimates for the
Bonya copper deposit, and the White Violet and Samarkand tungsten deposits.⁵
Notes
(1) www.thormining.com/sites/thormining/media/pdf/asx-announcements/20210127-maiden-copper.gold-estimate-alford-east-sa.pdf
(http://www.thormining.com/sites/thormining/media/pdf/asx-announcements/20210127-maiden-copper.gold-estimate-alford-east-sa.pdf)
(2) www.thormining.com/sites/thormining/media/pdf/asx-announcements/20172018/20180222-clarification-kapunda-copper-resource-estimate.pdf
(http://www.thormining.com/sites/thormining/media/pdf/asx-announcements/20172018/20180222-clarification-kapunda-copper-resource-estimate.pdf)
³
www.thormining.com/sites/thormining/media/aim-report/20190815-initial-copper-resource-estimate---moonta-project---rns---london-stock-exchange.pdf
(http://www.thormining.com/sites/thormining/media/aim-report/20190815-initial-copper-resource-estimate---moonta-project---rns---london-stock-exchange.pdf)
(4)
www.thormining.com/sites/thormining/media/pdf/asx-announcements/20210408-molyhil-mineral-resource-estimate-updated.pdf
(http://www.thormining.com/sites/thormining/media/pdf/asx-announcements/20210408-molyhil-mineral-resource-estimate-updated.pdf)
(5
)www.thormining.com/sites/thormining/media/pdf/asx-announcements/20200129-mineral-resource-estimates---bonya-tungsten--copper.pdf
(http://www.thormining.com/sites/thormining/media/pdf/asx-announcements/20200129-mineral-resource-estimates---bonya-tungsten--copper.pdf)
(http://www.thormining.com/sites/thormining/media/pdf/asx-announcements/20210901-pilot-mountain-project-us1.8m-sale-option.pdf)
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 Nicole Galloway Warland
Date of last notice 27 April 2021
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 22 November 2021
No. of securities held prior to change Direct
· 250,000 Ordinary Shares/CDIs
· 4,000,000 Unlisted options, exercise price $0.026 (2.6 cents),
expiry 28/09/2023
Class Listed Options exercise price £0.013 (1.3 pence), expiry 22/11/2025
Number acquired 12,000,000
Number disposed
Value/Consideration Granted to Directors for nil consideration.
Note: If consideration is non-cash, provide details and estimated valuation
No. of securities held after change Direct
· 250,000 Ordinary Shares/CDIs
· 4,000,000 Unlisted options, exercise price $0.026 (2.6 cents),
expiry 28/09/2023
· 12,000,000 Listed Options exercise price £0.013 (1.3 pence), expiry
22/11/2025
Nature of change Granted for nil consideration to incentivise, reward and retain Directors.
Approved by shareholders on 10 November 2021.
Example: on-market trade, off-market trade, exercise of options, issue of
securities under dividend reinvestment plan, participation in buy-back
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 No
a +closed period where prior written clearance was required?
If so, was prior written clearance provided to allow the trade to proceed N/A
during this period?
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 27 November 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 22 November 2021
No. of securities held prior to change · 2,910,831 Ordinary Shares/CDIs
· 8,000,000 Unlisted options exercisable at A$0.0095 expiring 8
July 2023
Class Listed Options exercise price £0.013 (1.3 pence), expiry 22/11/2025
Number acquired 8,000,000
Number disposed
Value/Consideration Granted to Directors for nil consideration.
Note: If consideration is non-cash, provide details and estimated valuation
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
· 8,000,000 Listed Options exercise price £0.013 (1.3 pence),
expiry 22/11/2025
Nature of change Granted for nil consideration to incentivise, reward and retain Directors.
Approved by shareholders on 10 November 2021.
Example: on-market trade, off-market trade, exercise of options, issue of
securities under dividend reinvestment plan, participation in buy-back
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 No
a +closed period where prior written clearance was required?
If so, was prior written clearance provided to allow the trade to proceed N/A
during this period?
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 2 December 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 22 November 2021
No. of securities held prior to change 1,861,765 Ordinary Shares/CDIs
Class Listed Options exercise price £0.013 (1.3 pence), expiry 22/11/2025
Number acquired 8,000,000
Number disposed
Value/Consideration Granted to Directors for nil consideration.
Note: If consideration is non-cash, provide details and estimated valuation
No. of securities held after change · 1,861,765 Ordinary Shares/CDIs
· 8,000,000 Listed Options exercise price £0.013 (1.3 pence),
expiry 22/11/2025
Nature of change Granted for nil consideration to incentivise, reward and retain Directors.
Approved by shareholders on 10 November 2021.
Example: on-market trade, off-market trade, exercise of options, issue of
securities under dividend reinvestment plan, participation in buy-back
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 No
a +closed period where prior written clearance was required?
If so, was prior written clearance provided to allow the trade to proceed N/A
during this period?
If prior written clearance was provided, on what date was this provided? N/A
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 Alastair Clayton
Date of last notice 11 October 2021
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 22 November 2021
No. of securities held prior to change Direct
nil
Class Listed Options exercise price £0.013 (1.3 pence), expiry 22/11/2025
Number acquired 8,000,000
Number disposed
Value/Consideration Granted to Directors for nil consideration.
Note: If consideration is non-cash, provide details and estimated valuation
No. of securities held after change Direct
8,000,000 Listed Options exercise price £0.013 (1.3 pence), expiry 22/11/2025
Nature of change Granted for nil consideration to incentivise, reward and retain Directors.
Approved by shareholders on 10 November 2021.
Example: on-market trade, off-market trade, exercise of options, issue of
securities under dividend reinvestment plan, participation in buy-back
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 No
a +closed period where prior written clearance was required?
If so, was prior written clearance provided to allow the trade to proceed N/A
during this period?
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 Nicole Galloway Warland
2 Reason for the notification
a) Position/status Managing 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 Warrants over ordinary shares of 0.01 pence each, exercise price 1.3 pence,
expiring on 22 November 2025
Identification code
b) Nature of the transaction Grant of warrants over ordinary shares to a Director, as approved by
shareholders on 10 November 2021
.c) Price(s) and volume(s)
Price(s) Volume(s)
Ordinary Shares Nil 12,000,000
d) Aggregated information
- Aggregated volume n/a
- Price
e) Date of the transaction 22 November 2021
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 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 Warrants over ordinary shares of 0.01 pence each, exercise price 1.3 pence,
expiring on 22 November 2025
Identification code
b) Nature of the transaction Grant of warrants over ordinary shares to a Director, as approved by
shareholders on 10 November 2021
.c) Price(s) and volume(s)
Price(s) Volume(s)
Ordinary Shares Nil 8,000,000
d) Aggregated information
- Aggregated volume n/a
- Price
e) Date of the transaction 22 November 2021
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 Warrants over ordinary shares of 0.01 pence each, exercise price 1.3 pence,
expiring on 22 November 2025
Identification code
b) Nature of the transaction Grant of warrants over ordinary shares to a Director, as approved by
shareholders on 10 November 2021
.c) Price(s) and volume(s)
Price(s) Volume(s)
Ordinary Shares Nil 8,000,000
d) Aggregated information
- Aggregated volume n/a
- Price
e) Date of the transaction 22 November 2021
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 Alastair Clayton
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 Warrants over ordinary shares of 0.01 pence each, exercise price 1.3 pence,
expiring on 22 November 2025
Identification code
b) Nature of the transaction Grant of warrants over ordinary shares to a Director, as approved by
shareholders on 10 November 2021
.c) Price(s) and volume(s)
Price(s) Volume(s)
Ordinary Shares Nil 8,000,000
d) Aggregated information
- Aggregated volume n/a
- Price
e) Date of the transaction 22 November 2021
f) Place of the transaction Outside a trading venue
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