REG - Thor Explorations Ld - Exercise of Warrants

Thor ExplorationsAnnouncement

21/09/2021 11:35

RNS Number : 4759M
  
Thor Explorations Ltd
  
21 September 2021
  
 

 
 
 
 
 
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
 
                                                                                                                                                      
September 21, 2021                                                                      Shares Outstanding: 623,570,509                  
THOR EXPLORATIONS ANNOUNCES EXERCISE OF WARRANTS
 
Thor Explorations Ltd. (TSXV/AIM: THX) ("Thor Explorations" or the "Company") announces the exercise of warrants for 8,287,500 common shares without par value at a price of C$0.28 per common share in the share capital of the Company ("New Shares") for an aggregate consideration to the Company of C$2,320,500. The New Shares will rank pari passu with the existing shares and application has been made for the 8,287,500 New Shares to be admitted to trading on AIM ("Admission") on 24 September 2021. The New Shares will also trade on the TSX Venture Exchange.
 
Following the Admission, Thor Explorations' issued share capital will consist of 631,858,009 common shares. The Company has no further warrants outstanding and does not hold any shares in treasury. Shareholders may use 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 
 
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 
 
 
Blytheweigh (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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