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

Thor ExplorationsAnnouncement

25/11/2024 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20241125:nRSY4835Na&default-theme=true

RNS Number : 4835N  Thor Explorations Ltd  25 November 2024

 

 

 

 

 

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

November 25,
2024

 

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 1,000,000
common shares without par value at 20 Canadian Dollar cents per common share
in the share capital of the Company ("New Shares"). The Options have been
exercised by Company Director Mr Folorunso Adeoye for total consideration of
C$200,000. The New Shares will rank pari passu with the existing shares and
application has been made for the 1,000,000 New Shares to be admitted to
trading on AIM ("Admission") on 28 November 2024. The New Shares will also
trade on the TSX Venture Exchange.

 

Following the Admission, Thor Explorations' issued share capital will consist
of 656,101,952 common shares and Mr Adeoye (and persons closely associated
with him) will have a beneficial holding of 22,349,721 common shares which
equates to 3.4% 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 and production 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, 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)

James Asensio / Henry Fitzgerald-O'Connor / Harry Rees

 

Tel: +44 (0) 20 7523 8000

 

Hannam & Partners (Broker)

Andrew Chubb / Matt Hasson / Nilesh Patel / Franck Nganou

 

Tel: +44 (0) 20 7907 8500

 

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) 20 3004 9512

 

 

 

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.

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY    PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED  WITH
THEM

 

 

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Folorunso Adeoye
 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

                                                                  CA8851491040
 b)  Nature of the transaction(s)                                 Acquisition of common shares via exercise of options

 c)  Price(s) and volume(s)                                       Price(s)           Volume(s)
                                                                  20 Canadian cents  1,000,000
 d)  Aggregated information

Price(s)           Volume(s)
     -  Aggregated volume                                         20 Canadian cents  1,000,000

     -  Price
 e)  Date of the transaction                                      22 November 2024
 f)  Place of the transaction                                     outside a trading venue

d)

Aggregated information

-  Aggregated volume

-  Price

 

 Price(s)           Volume(s)
 20 Canadian cents  1,000,000

e)

Date of the transaction

22 November 2024

f)

Place of the transaction

outside a trading venue

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHDZMZMRDGGDZM