4th Oct 2018 10:51
LONDON (Alliance News) - Thor Mining PLC said Thursday it will issue 14.5 million shares to satisfy the USD550,000 purchase price for the interests in two tenements acquired from Rox Resources Ltd.
At the end of September, the miner gained ministerial approval for the tungsten, copper, and vanadium hosted Bonya tenements in Australia.
The new shares will remain in a voluntary escrow until December 27. The company expects them to start trading on AIM on Friday after which it will have 667.9 million shares in issue.
Thor shares were trading up 7.7% at 1.62 pence each.
Related Shares:
Thor Energy