20th Apr 2011 09:31
THOR MINING PLC
DIRECTORS HOLDINGS
Dated: 20 April 2011
The directors of Thor Mining PLC ("Thor" or the "Company") (AIM, ASX: THR, THRO), the exploration company focused on gold and base metal projects and advancing tungsten-molybdenum projects in Western Australia and the Northern Territory of Australia, announce an increase in the holdings of Greg Durack, a Director of the Company as a result of a recent on-market purchase of CDI's.
Greg Durack, through Durack Ekoyenia Superannuation Fund, purchased 500,000 CDI on 15 and 18 April 2011 at 4.6 cents per CDI for a total outlay of A$23,000.
Following the purchase, the total interests of Greg Durack in the Securities of the Company are:
Held Directly: 728,062 CDI's;
326,531 CDI Options;
1,000,000 unlisted options exercisable at A$0.18
on or before 15 September 2011; and
2,000,000 unlisted options exercisable at A$0.04
on or before 24 November 2013.
Held Indirectly:
By Martineau Resources Pty Ltd
220,235 CDI's; and
102,041 CDI Options.
By Durack Ekoyenia Superannuation Fund
500,000 CDI's.
The Company has also released the following Appendix 3Y notice of Change of Directors' interest on the Australian Stock Exchange ("ASX") as required under the rules of the ASX.
The above detail on Greg Durack's holdings includes all the information disclosed in the following Appendix 3Y released to the ASX.
Appendix 3Y
Change of Director's Interest Notice
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 30/09/01 Amended 01/01/11
Name of entity Thor Mining PLC |
ABN 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 | Gregory Michael Durack |
Date of last notice | 8 December 2010 |
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
Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.
Direct or indirect interest | Direct and Indirect |
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
| Gregory Michael Durack is: ·; a director of Martineau Resources Pty Ltd, and, ·; a trustee of the Durack Ekoyenia Superannuation Fund |
Date of change | ·; 15 and 18 April 2011 |
No. of securities held prior to change | Direct ·; 728,062 CDI Shares ·; 326,531 CDI options ·; 1,000,000 Unlisted Options exercisable at $0.18 on or before 15 September 2011. ·; 2,000,000 Unlisted Options exercisable at $0.04 on or before 24 November 2013. Indirect - Martineau Resources Pty Ltd ·; 220,235 CDI Shares ·; 102,041 CDI Options
|
Class | CDI Shares |
Number acquired - Direct | |
Number acquired - Indirect | 500,000 CDI Shares |
Number disposed | |
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation
| 4.6 cents per share for total consideration of $23,000 |
No. of securities held after change - Direct
| ·; 728,062 CDI Shares; ·; 326,531 CDI Options and ·; 1,000,000 Unlisted Options exercisable at $0.18 on or before 15 September 2011. ·; 2,000,000 Unlisted Options exercisable at $0.04 on or before 24 September 2013.
|
No. of securities held after change - Indirect
| Martineau Resources Pty Ltd ·; 220,235 CDI Shares ·; 102,041 CDI Options
Durack Ekoyenia Superannuation Fund ·; 500,000 CDI Shares |
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back | On market purchase of 500,000 CDI shares on 15 and 18 April 2011 |
Part 2 - Change of director's interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.
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, on the basis that the market is fully informed as to the status of the company's exploration results following the release of drilling results in our announcement dated 5 April 2011. |
If so, was prior written clearance provided to allow the trade to proceed during this period? | Notwithstanding, written clearance was obtained from the company's Executive Chairman. |
If prior written clearance was provided, on what date was this provided? | 15 April 2011 |
Enquiries:
Mick Billing | + 61 (0)414 741 007 | Thor Mining PLC | Executive Chairman |
Allan Burchard | +61 (8) 7324 1935 | Thor Mining PLC | Company Secretary |
John Simpson | 020 7776 6550
| Daniel Stewart & Co. plc | Nominated Adviser |
Updates on the Company's activities are regularly posted on Thor's website www.thormining.com, which includes a facility to register to receive these updates by email.
Related Shares:
Thor Energy