REG - Thor Explorations Ld - EXERCISE OF SHARE OPTIONS

Thor ExplorationsAnnouncement

19/12/2022 07:00

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RNS Number : 0802K  Thor Explorations Ltd  19 December 2022

 

 

 

 

 

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

 

 

December 19, 2022
 
Shares Outstanding: 643,733,413

EXERCISE OF SHARE OPTIONS

 

Thor Explorations Ltd. (TSXV/AIM: THX) ("Thor Explorations" or the "Company")
announces the exercise of share options for 400,000 common shares without par
value at a price of 14.5 Canadian Dollar cents per common share in the share
capital of the Company ("New Shares"), for an aggregate consideration of
$58,000. The New Shares will rank pari passu with the existing shares and
application has been made for the 400,000 New Shares to be admitted to trading
on AIM ("Admission") on December 22, 2022. The New Shares will also trade on
the TSX Venture Exchange.

 

Following the Admission, Thor Explorations' issued share capital will consist
of 643,733,413 common shares. 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 and 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 / Thomas Diehl

 

Tel: +44 (0) 20 7523 8000

 

Hannam & Partners (Broker)

Andrew Chubb / Matt Hasson / Nilesh Patel / 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)

 

BlytheRay (Financial PR)

Tim Blythe / Megan Ray / Rachael Brooks

Tel: +44 207 138 3203

 

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.

 

 

 

 

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