REG - Thor Mining PLC Metal Tiger PLC - HOLDING(S) IN COMPANY <Origin Href="QuoteRef">MTRM.L</Origin> <Origin Href="QuoteRef">THRL.L</Origin>

Thor EnergyAnnouncement

27/11/2017 13:40

RNS Number : 6205X
Thor Mining PLC
27 November 2017
27 November 2017
THOR MINING PLC
HOLDING(S) IN COMPANY
Thor Mining PLC ("Thor" or the "Company") (AIM, ASX: THR) announces that it has received the following TR-1 notification form from shareholder Metal Tiger plc (LON: MTR) today.
Enquiries:
Mick Billing
+61 (8) 7324 1935
Thor Mining PLC
ExecutiveChairman
Ray Ridge
+61 (8) 7324 1935
Thor Mining PLC
CFO/Company
Secretary
Colin Aaronson/
Daniel Bush/
Richard Tonthat
+44 (0) 207 383 5100
Grant Thornton UK LLP
Nominated Adviser
Elliot Hance
+44 (0) 207382 8300
Beaufort Securities Limited
Joint Broker
Nick Emerson / Andy Thacker
+44 (0) 1483 413 500
SI Capital Ltd
Joint Broker
Tim Blythe/ Camilla Horsfall
+44 (0) 207 138 3222
Blytheweigh
Financial PR
Updates on the Company's activities are regularly posted on Thor's websitewww.thormining.com, which includes a facility to register to receive these updates by email, and on the Company's twitter page @ThorMining.
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS(to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i

1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:
Thor Mining plc
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)
Non-UK issuer

2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights
X
An acquisition or disposal of financial instruments

An event changing the breakdown of voting rights

Other (please specify)iii:

3. Details of person subject to the notification obligationiv
Name
METAL TIGER PLC
City and country of registered office (if applicable)
107, CHEAPSIDE, LONDON, EC2V 6DN, ENGLAND
4. Full name of shareholder(s) (if different from 3.)v
Name

City and country of registered office (if applicable)

5. Date on which the threshold was crossed or reachedvi:
24 November 2017
6. Date on which issuer notified (DD/MM/YYYY):
27/11/2017
7. Total positions of person(s) subject to the notification obligation

% of voting rights attached to shares (total of 8. A)
% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)
Total of both in % (8.A + 8.B)
Total number of voting rights of issuervii
Resulting situation on the date on which threshold was crossed or reached
10.003%

10.003%
515,851,505
Position of previous notification (if 
applicable)
4.056%

4.056%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii
A: Voting rights attached to shares
Class/type of
shares
ISIN code (if possible)
Number of voting rightsix
% of voting rights
Direct
(Art 9 of Directive 2004/109/EC) (DTR5.1)
Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)
Direct
(Art 9 of Directive 2004/109/EC) (DTR5.1)
Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)
GB00BD0NBV71
51,600,000

10.003%











SUBTOTAL 8. A
51,600,000
10.003%
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrument
Expiration
datex
Exercise/
Conversion Periodxi
Number of voting rights that may be acquired if the instrument is 
exercised/converted.
% of voting rights

















SUBTOTAL 8. B 1


B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument
Expiration
datex
Exercise/
Conversion Period xi
Physical or cash 
settlementxii
Number of voting rights 
% of voting rights





















SUBTOTAL 8.B.2


9. Information in relation to the person subject to the notification obligation (please mark the 
applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii
X
Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)

Namexv
% of voting rights if it equals or is higher than the notifiable threshold
% of voting rights through financial instruments if it equals or is higher than the notifiable threshold
Total of both if it equals or is higher than the notifiable threshold





















10. In case of proxy voting, please identify:
Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held


11. Additional informationxvi

Place of completion
London
Date of completion
27 November 2017
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 suggested attractive returns. Thor also holds 100% of the Pilot Mountain tungsten project in Nevada USA which has a JORC 2012 Indicated Resources Estimate on 1 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 also holds a production royalty entitlement from the Spring Hill Gold project of:
 A$6perounceofgoldproducedfromtheSpringHilltenementswherethegoldproducedissoldforup 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 perounce.
Notes
 ReferASXandAIMannouncementof12January2015
 ReferAIMannouncementof22May2017andASXannouncementof23May2017
 Refer AIM announcement of 26 February 2016 and ASXannouncementof29February2016
 AtthedateofthisannouncementgoldistradingatapproximatelyA$1,630/oz

This information is provided by RNS
The company news service from the London Stock Exchange
  END
HOLBXBDBSXDBGRR