23rd Mar 2015 09:08
LONDON (Alliance News) - Thor Mining PLC Monday said it has appointed London-based Grant Thornton UK LLP Corporate Finance and Brookville Capital Ltd and its Australian associate Grand Private Equities Pty Ltd as corporate advisers to secure project finance for the company's Molyhil Tungsten project in Australia's Northern Territory.
The firms have been mandated with introducing parties and leading discussions about securing the necessary finance, and a "number of entities" are already conducting a review.
Thor also said it has identified a number of exploration targets that have the potential to extend the mine life of the project.
Thor Mining shares were up 7.1% at 0.0750 pence Monday morning in London.
By Steve McGrath; [email protected]; @stevemcgrath1
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