23rd May 2014 07:56
LONDON (Alliance News) - Thor Mining PLC Friday said it has raised AUD100,000 in a share placing with investors, which it will use to fund working capital requirements and boost its gold projects in Australia, including the Molyhil tungsten project.
The gold focused developer said it placed 25 million new shares on the market, at 0.4 cents per share, or approximately 0.22 pence.
Thor Mining shares were untraded Friday morning. They were last quoted at 0.161 pence.
It said the fund will be used on the development of its Molyhil tungsten project in Australia's Northern Territory primarily, and possibly its gold projects in the Northern Territory and Western Australia.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
Copyright 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
Thor Energy