REG - Thor Mining PLC - Sale of Shares in Ram Resources (ASX: RMR) <Origin Href="QuoteRef">THRL.L</Origin>

Thor EnergyAnnouncement

06/09/2014 20:25

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RNS Number : 0865N
Thor Mining PLC
23 July 2014 
 
23 July 2014 
 
Thor Mining PLC ("Thor" or the "Company") 
 
Sale of Shares in Ram Resources (ASX: RMR) 
 
As announced on 20th May 2014, Thor Mining PLC ("Thor") (AIM, ASX: THR) has
sold its 60% interest in the base metal rights at the Dundas project in
Western Australia (with Thor retaining its 60% interest in gold and associated
metals).  Consideration for the disposal included A$70,000 payable to Thor in
ordinary fully paid shares in RMR. 
 
The Directors of Thor advise that 6,363,636 ordinary fully paid shares in RMR
were subsequently issued to Thor at a value of A$0.011 per share, and Thor has
since sold these shares for A$102,107 (being an average price of A$0.016 per
share). 
 
The proceeds of A$102,107 will be used primarily to finalise an upgraded
Definitive Feasibility Study at Thor's Molyhil tungsten project in Australia's
Northern Territory. 
 
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            
 
 
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. 
 
  
 
This information is provided by RNS
The company news service from the London Stock Exchange