REG - Thor Explorations Ld - THOR EXPLORATIONS ANNOUNCES BOARD CHANGE

Thor ExplorationsAnnouncement

30/01/2025 14:00

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RNS Number : 3319V  Thor Explorations Ltd  30 January 2025

 

NEWS RELEASE

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 January 30, 2025  TSXV/AIM: THX

 

 

THOR EXPLORATIONS ANNOUNCES BOARD CHANGE

 

Thor Explorations Ltd. (TSX VENTURE: THX) ("Thor" or the "Company") announces
a change to the Company's Board of Directors.

The Company is pleased to announce the appointment, subject to completion of
normal regulatory due diligence by the Company's Nominated Adviser, of Mr.
Franklin Edochie to its Board of Directors.

Mr. Edochie is the acting Head of Metals and Mining at the Africa Finance
Corporation ("AFC") and has 18 years' experience in originating, advising,
structuring and executing transactions exceeding $3 billion; including $1.24
billion in precious metals, mining and infrastructure projects across Africa.

Mr Edochie has been selected by the AFC to replace Mr Osam Iyahen as their
representative on Thor's Board of Directors. Mr Iyahen joined the Board in
2021 as the nominee from the AFC.

Segun Lawson, President & CEO, stated:

"On behalf of the Company I would like to thank Osam for his significant
contribution to the Company through a period of growth and development, where
we completed construction of the Segilola Gold Mine in Osun State, Nigeria,
achieved commercial production and have since profitably and responsibly
produced gold for three years, during which we fully repaid our senior debt
facility with AFC.

"We wish Osam all the best for his future endeavours.

"We are also delighted to welcome Franklin Edochie to Thor's Board of
Directors who brings significant expertise and experience in mining projects
across Africa and will further strengthen the Company's board as the Company
aims to grow to be a west African mid-tier gold producer. We look forward to
working with Franklin."

 

Franklin's appointment is subject to the approvals of the TSX Venture Exchange
and the London Stock Exchange.

 

About Thor

 

Thor Explorations Ltd. is a Canadian mineral exploration company engaged in
the acquisition, exploration and development of mineral properties located in
Nigeria, Senegal and Cote d'Ivoire. Thor holds a 100% interest in the Segilola
Gold Project located in Osun State of Nigeria. Mining and production commenced
at Segilola in 2021. Thor holds a 70% interest in the Douta Gold Project
located in south-eastern Senegal. Thor trades on 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)

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

 

Tel: +44 (0) 20 7523 8000

 

Hannam & Partners (Broker)

Andrew Chubb / Matt Hasson / Jay Ashfield / Franck Nganou

 

Tel: +44 (0) 20 7907 8500

 

Yellow Jersey PR (Financial
PR)

Charles Goodwin / Shivantha Thambirajah / Zara McKinlay

 

Tel:  +44 (0) 20 3004 9512

 

BlytheRay (Financial
PR)

Tim Blythe / Megan Ray / Said Izagaren

 

Tel: +44 207 138 3203

 

 

 

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