REG - Thor Mining PLC - Result of general meeting <Origin Href="QuoteRef">THRL.L</Origin>

Thor EnergyAnnouncement

06/09/2014 22:45

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RNS Number : 8543N
Thor Mining PLC
31 July 2014 
 
31 July 2014 
 
THOR MINING PLC 
 
RESULT OF GENERAL MEETING 
 
Thor Mining PLC ("Thor" or "The Company") (AIM, ASX: THR), the Australian
tungsten and gold explorer and developer, is pleased to announce that at its
general meeting held earlier today, all resolutions were duly passed. 
 
Further to the announcement made on 3 July 2014 in connection with the share
placement, application has been made to the London Stock Exchange for
354,199,528 new Ordinary Shares to be admitted to trading on AIM
("Admission"). It is expected that Admission will become effective and that
dealings in the new Ordinary Shares will commence at 8.00 a.m. on 1 August
2014. 
 
Following Admission the Company will have 2,303,669,855 ordinary shares of
0.01p ("Ordinary Shares") in issue with no shares held in treasury. The figure
of 2,303,669,855Ordinary Shares may be used by shareholders in the Company as
the denominator for thecalculations by which they will determine if they are
required to notify their interest in, or a change to their interest in, Thor
under the FCA's Disclosure and Transparency Rules. 
 
Further, as announced on 10 June 2014, the Company has signed a Term Sheet
with Black Fire Minerals Ltd, an Australian incorporated and ASX listed
company, in relation to the acquisition by the Company of the Pilot Mountain
Tungsten Project, located in Nevada, USA, by way of the purchase all of the
issued shares in the capital of Black Fire Industrial Minerals Pty Ltd, a
wholly owned subsidiary of Black Fire Minerals Ltd. The passage of resolution
6 will enable the Company to issue Ordinary Shares as consideration for this
acquisition, subject to the execution of the formal Share Sale and Purchase
Agreement and satisfaction of certain other conditions. 
 
Certain Thor directors lent funds to Black Fire Minerals Ltd in March 2014 to
enable Black Fire Minerals Ltd to complete the acquisition of the Pilot
Mountain Tungsten Project. If the transaction between the Company and Black
Fire Minerals Ltd completes, those loans will be converted to Ordinary Shares.
The passage of resolution 7 makes possible the issue of Ordinary Shares (to be
held by the Directors beneficially as CDIs) on conversion of these loans,
subject also to the execution of the formal Share Sale and Purchase Agreement
and satisfaction of certain other conditions. 
 
Should the acquisition of Black Fire Minerals Ltd and the conversion of
Directors' loans proceed as anticipated and assuming no other shares are
issued in the meantime, the number of Ordinary Shares in issue will increase
to 2,819,104,937. Further announcements will be made as the transaction
progresses. 
 
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/ David Hignell/Jamie Barklem  +44 (0) 207 383 5100                     Grant Thornton  UK LLP  Nominated Adviser      
 Andrew Monk/Bhavesh Patel                    +44 (0) 20 3005 5000                     VSA Capital Ltd         Broker                 
 Alex Walters                                 +44 (0) 7771 713608+44 (0) 207 839 9260  Cadogan PR              FinancialPR            
 
 
This information is provided by RNS
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