ASX Code: "THR"
Date: 1 December 2016
Company Announcements Office,ASX Securities Limited,
20, Bridge Street,
Sydney, N.S.W. 2000
CAPITAL REORGANISATION
Further to shareholder approval on 24 November 2016, the Company has implemented a capital reorganisation as follows:
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a subdivision of each of the Company's Ordinary Shares of 0.01p each, into one deferred share of 0.0096p each ("A Deferred Share") and one ordinary share of 0.0004p ("Subdivided Ordinary Share").
The A Deferred Shares have limited economic value as they do not carry any voting or dividend rights and do not entitle the holders to participate in any return of capital on a winding up.
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a reduction in the number of Subdivided Ordinary Shares) by way of a consolidation on the basis of 25 Subdivided Ordinary Shares into one new ordinary share of 0.01p each ("New Ordinary Share").
The impact on the Company's ASX traded CDI's is that, effective 1 December 2016, the total number of ASX listed CDI's has reduced from 2,774,119,029 to 110,964,761, and the total number of AIM traded ordinary shares has reduced from 5,154,839,454 to 206,193,579. The total issued ordinary share capital of the Company is now 317,158,340.
Following the consolidation, save for any minor adjustment resulting from the rounding down of fractional holdings, all shareholders will retain the same percentage interest in the Company's issued ordinary share capital as that held immediately prior to the implementation of the consolidation. Shareholders holding fewer than 25 Subdivided Ordinary Shares or CDIs immediately prior to the consolidation will cease to be shareholders of the Company.
The number of unlisted options (termed warrants in the United Kingdom) have been consolidated in the same ratio as the ordinary shares and CDIs, and their exercise prices have been amended in inverse proportion to that ratio.
The attached Appendix 3B sets out the new post-consolidation number of ordinary shares, CDIs and unlisted options, together with the Company's amended calculation of available placement capacity.
The last day for trading in CDIs on a pre-consolidation basis was 28 November 2016. Normal trading on the post consolidation CDIs will commence on 8 December 2016. Accordingly, the Company's trading code on the ASX changed to THRDC from 29 November 2016, and will revert to THR on 8 December 2016.
For further information, please contact:
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 Gervaise Heddle Paul Johnson David Thomas
Projects:
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Tungsten
Molyhil NT
Pilot Mountain USA
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Gold
Dundas WA
THOR MINING PLC
Ray Ridge
Company Secretary and Chief Financial Officer Tel: +61 8 7324 1935
Fax: +61 8 8351 5169
Email: [email protected]
Page | 1
Appendix 3B
Rule 2.7, 3.10.3, 3.10.4, 3.10.5
New issue announcement, application for quotation of additional securities
and agreement
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 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12
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Name of entity
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Thor Mining PLC
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We (the entity) give ASX the following information.
Part 1 - All issues
You must complete the relevant sections (attach sheets if there is not enough space).
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1
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+Class of+securities issued or to be issued
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-
Ordinary shares / CDIs
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CDIs
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Ordinary Shares
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Unlisted options expiring 1 December 2018
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Unlisted options expiring 5 March 2019
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Unlisted options expiring 7 April 2019
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Unlisted options expiring 11 April 2019
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Unlisted options expiring 26 July 2019
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Unlisted options expiring 2 September 2019
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+ See chapter 19 for defined terms.
Appendix 3B Page 1 01/08/2012
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2
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Number of +securities issued or to be issued (if known) or maximum number which may be issued
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-
Transfers of nil to ASX listed CDI's from AIM listed shares on the AIM Market of the London Stock Exchange, during the period 25 November 2016 to 30 November 2016.
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Consolidation of 2,774,119,029 fully paid ordinary shares (listed on ASX as CDIs) into 110,964,761 fully paid ordinary shares (listed on ASX as CDIs) on a 1 for 25 basis, effective 1 December 2016.
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Consolidation of 5,154,839,454 fully paid ordinary shares (AIM listed) into 206,193,579 fully paid ordinary shares (listed on AIM) on a 1 for 25 basis, effective 1 December 2016.
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Consolidation of 1,200,000,000 unlisted options exercisable at £0.0005, on a 1 for 25 basis, to 48,000,000 options exercisable at
-
Consolidation of 400,000,000 unlisted options exercisable at £0.0005, on a 1 for 25 basis, to 16,000,000 options exercisable at
-
Consolidation of 1,000,000,000 unlisted options exercisable at £0.0005, on a 1 for 25 basis, to 40,000,000 options exercisable at
-
Consolidation of 346,000,000 unlisted options exercisable at £0.0005, on a 1 for 25 basis, to 13,840,000 options exercisable at
-
Consolidation of 500,000,000 unlisted options exercisable at £0.0005, on a 1 for 25 basis, to 20,000,000 options exercisable at
-
Consolidation of 250,000,000 unlisted options exercisable at £0.0005, on a 1 for 25 basis, to 10,000,000 options exercisable at
£0.0125.
£0.0125.
£0.0125.
£0.0125.
£0.0125.
£0.0125.
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+ See chapter 19 for defined terms.
Appendix 3B Page 2 01/08/2012
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3
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Principal terms of the +securities (eg, if options, exercise price and expiry date; if partly paid
+securities, the amount outstanding and due dates for payment; if+convertible securities, the conversion price and dates for conversion)
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This represents:
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Transfers of nil to ASX listed CDI's from AIM listed shares on the AIM Market of the London Stock Exchange, during the period 25 November 2016 to 30 November 2016.
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and c) The consolidation was on the basis of converting every 25 fully paid ordinary shares into 1 fully paid ordinary share (including fully paid ordinary shares listed on the ASX as CDIs), as approved at the Company's Annual General Meeting held on 24 November 2016.
d) to i) the number of options on issue was consolidated in the same ratio as the fully paid ordinary shares and their exercise prices was amended in inverse proportion to that ratio.
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4
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Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities?
If the additional securities do not rank equally, please state:
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the date from which they do
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the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment
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the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment
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Yes
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5
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Issue price or consideration
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N/A
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6
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Purpose of the issue
(If issued as consideration for the acquisition of assets, clearly identify those assets)
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-
Transfers of nil to ASX listed CDI's from AIM listed shares on the AIM Market of the London Stock Exchange, during the period 25 November 2016 to 30 November 2016.
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to i) Consolidation of share capital.
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+ See chapter 19 for defined terms.
Appendix 3B Page 3 01/08/2012