ASX Code: "THR"
Date: 14 October 2016
Company Announcements Office,ASX Securities Limited,
20, Bridge Street,
Sydney, N.S.W. 2000
Appendix 3Ys - Issue of Shares and Options to Directors
The Directors of Thor Mining PLC ("Thor" or the "Company") (AIM, ASX THR) advise that a total of 376,796,000 CDIs or Ordinary Shares, together with 926,796,000 Unlisted Options (termed Warrants in the UK) have been issued to Directors on the 7 October 2016 and 11 October 2016, following shareholder approval on 6 October 2016. The table below summarises the securities issued and the resultant balance of securities held by Directors following the issue, including the resultant percentage of issued capital.
|
Director
|
Shares/CDIs issued
|
Resultant Shares/CDIs held
|
Options issued
|
Resultant Options held
|
|
Number
|
Number
|
%
|
Number
|
Number
|
|
Michael Billing
|
219,126,000
|
523,437,378
|
7.0%
|
319,126,000
|
319,126,000
|
|
David Thomas
|
57,670,000
|
133,330,470
|
1.8%
|
157,670,000
|
157,670,000
|
|
Gervaise Heddle
|
100,000,000
|
100,000,000
|
1.3%
|
200,000,000
|
200,000,000
|
|
Paul Johnson
|
-
|
112,066,237
|
1.5%
|
250,000,000
|
330,000,000
|
|
Total
|
376,796,000
|
868,834,085
|
11.6%
|
926,796,000
|
1,006,796,000
|
The applicable Appendix 3Y's are attached.
For further information, please contact:
THOR MINING PLC
Ray Ridge
Company Secretary and Chief Financial Officer Tel: +61 8 7324 1935
Fax: +61 8 8351 5169
Email: [email protected]
THOR MINING PLC
Registered Numbers: United Kingdom 05 276 414
Australia 121 117 673
Registered Office: 58 Galway Avenue,
MARLESTON SA, 5033
Australia
Postal Address: PO BOX 458
MARLESTON SA, 5033
Australia
Ph: +61 8 7324 1935
Fax: +61 8 8351 5169
Email:[email protected]
Website:www.thormining.com
Enquiries: Mick Billing
Executive Chairman
Thor Mining PLC
+61 8 7324 1935
Nominated Advisor Colin Aaronson Grant Thornton
+44 (0) 20 7383 5100
ASX Listings: Shares: THR
AIM Listings: Shares: THR
Directors: Michael Billing David Thomas Gervaise Heddle Paul Johnson
Projects:
-
Tungsten
Molyhil NT
Pilot Mountain USA
-
Gold
Dundas WA
Page | 1
Appendix 3Y
Change of Director's Interest Notice
Rule 3.19A.2
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.
Introduced 30/9/2001.
|
Name of entity: Thor Mining PLC
|
|
ARBN: 121 117 673
|
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
|
Name of Director
|
Michael Robert Billing
|
|
Date of last notice
|
24 May 2015
|
Part 1 - Change of director's relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
|
Direct or indirect interest
|
Direct & Indirect
|
|
Nature of indirect interest (including registered holder)
Note: Provide details of the circumstances giving rise to the relevant interest.
|
Michael Billing is:
|
|
Date of change
|
11 October 2016
|
|
No. of securities held before change - Direct
|
58,639,762 CDIs
|
|
No. of securities held before change - Indirect
|
Held by Mr M Billing and Mrs B Billing as trustees and beneficiaries of the Lapun Kamap Super Fund.
120,216,268 CDIs
Held by MBB Trading Pty Ltd
122,955,348 CDI
|
|
Class
|
-
CDIs (ASX listed)
-
Unlisted Options (expiry 11 April 2019, exercise price £0.0005)
-
Unlisted Options (expiry 26 July 2019, exercise price £0.0005)
|
|
Number acquired - Direct
|
N/A
|
|
Number acquired - Indirect
|
Mr M Billing and Mrs B Billing as trustees and beneficiaries of the Lapun Kamap Super Fund:
139,126,000 CDIs
-
139,126,000 Unlisted Options (expiry 11 April 2019, exercise price £0.0005)
-
100,000,000 Unlisted Options (expiry 26 July 2019, exercise price £0.0005)
-
80,000,000 Unlisted Options (expiry 11 April 2019, exercise price £0.0005)
MBB Trading Pty Ltd:
80,000,000 CDIs
|
|
Number disposed
|
N/A
|
|
Value/Consideration
(a) Note: If consideration is non-cash, provide details and estimated valuation
|
-
Conversion of A$95,000 owed to Mr Billing, into a total of 219,126,000 CDI's at 0.025p per share and 219,126,000 Unlisted Options (expiry 11 April 2016). The price per share and the attaching Options is consistent with the most recent placements to investors (refer ASX announcement 2 September 2016). The amount owed comprised outstanding salaries (A$55,000) and repayment of loans advanced to the Company (A$40,000).
-
Nil consideration for the 100,000,000 Unlisted Options (expiry 26 July 2016). These Unlisted Options were granted in addition to any Director remuneration and is intended to act as an incentive, to align Directors with the Company's strategic plan and focus on optimising performance.
|
|
No. of securities held after change - Direct
|
58,639,762 CDIs
|
|
No. of securities held after change - Indirect
|
Held by Mr M Billing and Mrs B Billing as trustees and beneficiaries of the Lapun Kamap Super Fund.
259,342,268 CDIs
-
139,126,000 Unlisted Options (expiry 11 April 2019, exercise price £0.0005)
-
100,000,000 Unlisted Options (expiry 26 July 2019, exercise price £0.0005)
-
80,000,000 Unlisted Options (expiry 11 April 2019, exercise price £0.0005)
Held by MBB Trading Pty Ltd
202,955,348 CDI
|
|
Nature of change
(b) Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back
|
All securities were issued following shareholder approval on 6 October 2016.
Refer to the above section entitled "Value/ Consideration".
|
Part 2 - Change of director's interests in contracts
|
Detail of contract
|
|
Nature of interest
|
|
Name of registered holder (if issued securities)
|
|
Date of change
|
|
No. and class of securities to which interest related prior to change
Note: Details are only required for a contract in relation to which the interest has changed
|
|
Interest acquired
|
|
Interest disposed
|
|
Value/Consideration
Note: If consideration is non-cash, provide details and an estimated valuation
|
|
Interest after change
|
Part 3 - +Closed period
|
Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?
|
No.
|
|
If so, was prior written clearance provided to allow the trade to proceed during this period?
|
N/A
|
|
If prior written clearance was provided, on what date was this provided?
|
N/A
|