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

Thor ExplorationsAnnouncement

06/06/2023 07:00

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RNS Number : 7247B  Thor Explorations Ltd  06 June 2023

 

 

 

 

 

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

June 6,
2023

 

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 1,500,000
common shares without par value at 14.5 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$217,500. The New Shares will rank pari passu with the existing shares and
application has been made for the 1,500,000 New Shares to be admitted to
trading on AIM ("Admission") on 9 June 2023. The New Shares will also trade on
the TSX Venture Exchange.

 

Following the Admission, Thor Explorations' issued share capital will consist
of 645,233,413 common shares and Mr Adeoye (and persons closely associated
with him) will have a beneficial holding of  21,349,721 common shares which
equates to 3.3% 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.

 

In addition to the exercise of options, the Company also announces that Mr
Adrian Coates, Non-Executive Chairman, carried out a "Bed and ISA"
transaction, having transferred 116,500 common shares from his share dealing
account to his ISA, on 2 June 2023.

 

The beneficial holding of Mr Coates (and persons closely associated with him)
is unchanged following this transaction and Mr Coates remains beneficially
interested in 1,350,000 Common Shares representing approximately 0.21% of the
total issued share capital in the Company.

 

 

About Thor Explorations

 

Thor Explorations Ltd. is a mineral exploration company engaged in the
acquisition, exploration,  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 / Jay Ashfield / 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)

 

Ibu Lawson (Investor Relations)

Tel: +447909825446

Email: ibu.lawson@thorexpl.com

 

BlytheRay (Financial
PR)

Tim Blythe / Megan Ray / Said Izagaren

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.

 

The following disclosures are made in accordance with Article 19 of
the UK Market Abuse Regulation 596/2014 as it forms part of UK law.

 

 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
 b)  Nature of the transaction(s)                                 Acquisition of common shares via exercise of options
 c)  Price(s) and volume(s)                                       Price(s)      Volume(s)
                                                                  C$14.5 cents  1,500,000
 d)  Aggregated information

Price(s)      Volume(s)
     -  Aggregated volume                                         C$14.5 cents  1,500,000

     -  Price
 e)  Date of the transaction                                      5 June 2023
 f)  Place of the transaction                                     outside a trading venue

d)

Aggregated information

-  Aggregated volume

-  Price

 

 Price(s)      Volume(s)
 C$14.5 cents  1,500,000

e)

Date of the transaction

5 June 2023

f)

Place of the transaction

outside a trading venue

 

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Adrian Coates
 2.  Reason for the notification
 a)  Position / status                                            Non-Executive Chairman
 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)                                 1.   Sale of Common Shares from share dealing account

                                                                  2.   Purchase of Common Shares into ISA account
 c)  Price(s) and volume(s)                                       Price(s)    Volume(s)
                                                                  17.1 pence  116,500
 d)  Aggregated information

Price(s)    Volume(s)
     -  Aggregated volume                                         17.1 pence  116,500

     -  Price
 e)  Date of the transaction                                      2 June 2023
 f)  Place of the transaction                                     outside a trading venue

d)

Aggregated information

-  Aggregated volume

-  Price

 

 Price(s)    Volume(s)
 17.1 pence  116,500

e)

Date of the transaction

2 June 2023

f)

Place of the transaction

outside a trading venue

 

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