REG - Thor Explorations Ld - AWARD OF RESTRICTED SHARE UNITS (“RSUs”)

Thor ExplorationsAnnouncement

02/01/2026 07:00

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RNS Number : 4386N  Thor Explorations Ltd  02 January 2026

 

 

 

 

NEWS RELEASE

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR

DISTRIBUTION TO U.S. WIRE SERVICES

 

 

 January 02, 2026             TSXV/AIM: THX

 Vancouver, British Columbia

 

AWARD OF RESTRICTED SHARE UNITS ("RSUs")

 

 

Thor Explorations Ltd. (TSXV / AIM: THX) ("Thor Explorations" or the
"Company") announces that it has granted Restricted Share Units ("RSUs") to
certain members of its senior management and employees.

These RSUs have been granted in accordance with the terms of the LTIP, vest
automatically on grant. As part of the Company's long-term management
incentive programme, 3,826,963 Restricted Share Units ("RSUs") have been
granted to members of senior management and employees. The RSUs will vest
annually in three equal tranches of 1,275,654 shares per year over a
three-year period starting January 02, 2026, subject to the recipient's
continued service with the Company.

The Company will make settlement on the first tranche of RSUs through issuing
and allotting 1,275,654 new common shares in the Company ("New Shares") in
accordance with the LTIP and the RSU Agreement.

The New Shares will rank pari passu with the existing shares and application
has been made for the New Shares to be admitted to trading on AIM
("Admission") on January 07, 2026. The New Shares will also trade on the TSX
Venture Exchange. Following the Admission, Thor Explorations' issued share
capital will consist of 666,573,136 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.

 

PDMR Disclosures

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Segun Lawson
 2.  Reason for the notification
 a)  Position / status                                            Chief Executive Officer
 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)                                 Grant of Restricted Share Units per Long Term Incentive Plan
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  Nil       293,466
 d)  Aggregated information

Price(s)  Volume(s)
     -  Aggregated volume                                         Nil       293,466

     -  Price
 e)  Date of the transaction                                      02 January 2026
 f)  Place of the transaction                                     outside a trading venue

d)

Aggregated information

-  Aggregated volume

-  Price

 

 Price(s)  Volume(s)
 Nil       293,466

e)

Date of the transaction

02 January 2026

f)

Place of the transaction

outside a trading venue

 

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         James Philip
 2.  Reason for the notification
 a)  Position / status                                            Chief Operating Officer
 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)                                 Grant of Restricted Share Units per Long Term Incentive Plan
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  Nil       216,427
 d)  Aggregated information

Price(s)  Volume(s)
     -  Aggregated volume                                         Nil       216,427

     -  Price
 e)  Date of the transaction                                      02 January 2026
 f)  Place of the transaction                                     outside a trading venue

d)

Aggregated information

-  Aggregated volume

-  Price

 

 Price(s)  Volume(s)
 Nil       216,427

e)

Date of the transaction

02 January 2026

f)

Place of the transaction

outside a trading venue

 

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Chris Omo-Osagie
 2.  Reason for the notification
 a)  Position / status                                            Chief Financial Officer
 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)                                 Grant of Restricted Share Units per Long Term Incentive Plan
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  Nil       129,273
 d)  Aggregated information

Price(s)  Volume(s)
     -  Aggregated volume                                         Nil       129,273

     -  Price
 e)  Date of the transaction                                      02 January 2026
 f)  Place of the transaction                                     outside a trading venue

d)

Aggregated information

-  Aggregated volume

-  Price

 

 Price(s)  Volume(s)
 Nil       129,273

e)

Date of the transaction

02 January 2026

f)

Place of the transaction

outside a trading venue

 

 

Further details can be found on the Company's website: www.thorexpl.com
(http://www.thorexpl.com)

 

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, Cote d'Ivoire and Burkina Faso. Thor Explorations
holds a 100% interest in the Segilola Gold Project located in Osun State,
Nigeria, a 100% economic interest in the Douta Gold Project located in
south-eastern Senegal and a 100% interest in the Guitry Gold Project in Cote
d'Ivoire. Thor Explorations trades on AIM and the TSX Venture Exchange under
the symbol "THX".

 

THOR EXPLORATIONS LTD.

Segun Lawson

President & CEO

 

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 3204

 

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