REG - Thor Explorations Ld - EXERCISE OF SHARE OPTIONS AND DIRECTOR DEALINGS

Thor ExplorationsAnnouncement

28/09/2023 16:45

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RNS Number : 0571O  Thor Explorations Ltd  28 September 2023

 

NEWS RELEASE

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR

DISTRIBUTION TO U.S. WIRE SERVICES

 

Thor Explorations Ltd / TSXV & AIM: THX / Sector: Mining

 

FOR IMMEDIATE RELEASE
 
TSXV/AIM: THX

September 28,
2023

 

Vancouver, British Columbia

 

EXERCISE OF SHARE OPTIONS AND DIRECTOR DEALINGS

 

Thor Explorations Ltd. (TSXV/AIM: THX) ("Thor Explorations" or the "Company")
announces the exercise of share options ("Options") for a total of 750,000
common shares without par value at 14 Canadian Dollar cents per common share
in the share capital of the Company ("New Shares"). The Options have been
exercised by Company Director Mr Collin Ellison for total consideration of
C$105,000. The New Shares will rank pari passu with the existing shares and
application has been made for the 750,000 New Shares to be admitted to trading
on AIM ("Admission") on October 4, 2023. The New Shares will also trade on the
TSX Venture Exchange.

 

Following the Admission, Thor Explorations' issued share capital will consist
of 655,101,952 common shares and Mr Ellison (and persons closely associated
with him) will have a beneficial holding of 750,000 common shares which
equates to 0.11% of the total issued share capital in the Company. The Company
does not hold any shares in treasury. Shareholders may use this figure as the
denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in, the
Company.

 

 

 

About Thor Explorations

 

Thor Explorations Ltd. is a mineral exploration company engaged in the
acquisition, exploration,  development of mineral properties located in
Nigeria, Senegal and Burkina Faso. Thor Explorations holds a 100% interest in
the Segilola Gold Project located in Osun State of Nigeria and has a 70%
economic interest in the Douta Gold Project located in south-eastern Senegal.
Thor Explorations trades on AIM and the TSX Venture Exchange under the symbol
"THX".

 

For further information please contact:

 

Thor Explorations Ltd

Email: info@thorexpl.com (mailto:info@thorexpl.com)

 

Canaccord Genuity (Nominated Adviser & Broker)

Henry Fitzgerald-O'Connor / James Asensio

 

Tel: +44 (0) 20 7523 8000

 

Hannam & Partners (Broker)

Andrew Chubb / Matt Hasson / Jay Ashfield / Franck Nganou

 

Tel: +44 (0) 20 7907 8500

 

Fig House Communications (Investor Relations)

Tel: +1 416 822 6483

Email: investor.relations@thorexpl.com
(mailto:investor.relations@thorexpl.com)

 

Ibu Lawson (Investor Relations)

Tel: +447909825446

Email: ibu.lawson@thorexpl.com

 

BlytheRay (Financial
PR)

Tim Blythe / Megan Ray / Said Izagaren

Tel: +44 207 138 3203

 

Yellow Jersey PR (Financial PR)

Charles Goodwin / Shivantha Thambirajah / Soraya Jackson

Tel: +44 (0)7747 788 221/+44 (0)7983 521 488

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

 

This press release does not constitute an offer to purchase securities. The
securities to be offered in the offering have not been and will not be
registered under the United States Securities Act of 1933, as amended, or any
state securities laws and may not be offered or sold in the United States or
to, or for the benefit or account of, a U.S. person, except pursuant to an
available exemption from such registration requirements.

 

The following disclosures are made in accordance with Article 19 of
the UK Market Abuse Regulation 596/2014 as it forms part of UK law.

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Collin Ellison
 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 Explorations Ltd
 b)  LEI                                                          213800AXZ8468CQYVT76
 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  Common Shares of no par value

     Identification Code
 b)  Nature of the transaction(s)                                 Acquisition of common shares via exercise of options
 c)  Price(s) and volume(s)                                       Price(s)    Volume(s)
                                                                  C$14 cents  750,000
 d)  Aggregated information

Price(s)    Volume(s)
     -  Aggregated volume                                         C$14 cents  750,000

     -  Price
 e)  Date of the transaction                                      28 September 2023
 f)  Place of the transaction                                     Outside a Trading Venue

d)

Aggregated information

-  Aggregated volume

-  Price

 

 Price(s)    Volume(s)
 C$14 cents  750,000

e)

Date of the transaction

28 September 2023

f)

Place of the transaction

Outside a Trading Venue

 

 

 

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