REG - Thor Mining PLC - Sale of Spring Hill Gold Project Update <Origin Href="QuoteRef">THRL.L</Origin>

Thor EnergyAnnouncement

03/02/2016 11:50

RNS Number : 9569N
Thor Mining PLC
03 February 2016
3 February 2016
THOR MINING PLC
Thor Mining PLC ("Thor" or the "Company")
SALE OF SPRING HILL GOLD PROJECT UPDATE
The Board of Thor Mining Plc ("Thor") (AIM, ASX: THR) provide the following update on the sale of its Spring Hill Gold Project to private Australian company, PC Gold Pty Ltd ("PC Gold"), for A$3.5 million, plus royalties, originally announced on 16 December 2015. 
As announced at the time, the agreement with PC Gold is subject to receipt by that company of an unconditional financing offer from a precious metal private equity fund based in San Francisco, USA. 
Thor has been advised that the financier and PC Gold have completed their technical due diligence, and have moved towards finalisation of formal agreements. 
It is expected that settlement of the initial 60% interest in Spring Hill will take place during February.
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
Gerry Beaney/
David Hignell/
John Howes
+44 (0) 207 382 1100
Northland Capital Partners Limited
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 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
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