18th Apr 2006 07:00
Thor Mining PLC18 April 2006 THOR MINING PLC DUAL LISTING ON THE AUSTRALIAN STOCK EXCHANGE Dated: 18 April 2006 The Director's of Thor Mining PLC ("Thor" or the "Company"), the mineralexploration and development company focussed on advancing tungsten andmolybdenum projects in the Northern Territory of Australia, today announced theywere evaluating a proposal to dual list the Ordinary Shares of the Company onthe Australian Stock Exchange ("ASX") whilst continuing to trade on the AIMmarket of the London Stock Exchange ("AIM"). The proposal is part of the strategic planning for a future fund raising plannedin late 2006 to finance the development of the Molyhil Project. The terms andconditions and timing of the fund raising are dependent on the outcome of thedefinitive feasibility study, currently under way, announced on 4 April 2006. As part of the preparation for a listing on the ASX and to comply with thelisting requirements in chapters 1 and 2 of the ASX Listing Rules it is theintention of the Directors to consolidate the share capital of the Company forwhich shareholders approval will be sought. Further Thor will be required tohave 400 to 500 shareholders holding shares with a value greater than AUS$2,000.It is therefore proposed to raise approximately AUS$ 1.2 million from potentialinvestors in Australia. The Company will be required to prepare a prospectus tocomply with the ASX Listing Rules and the AIM Rules and this document will bemade available to all shareholders at the appropriate time. The Directors propose to hold an extraordinary meeting of the shareholders ofthe Company towards the end of May 2006 to seek the approval of the shareholdersto proceed with the proposed dual listing on the ASX, for the shareconsolidation and for any other related matters. Further announcements will be made in due course. The Directors believe adecision as to whether they will proceed with the proposed listing on the ASXwill be made in the next three to four months. Enquiries: John Barr 00 61 418 912 885 Thor Mining PLC Executive Chairman John Simpson 020 7512 0191 ARM Corporate Finance Ltd Nominated Adviser Abigail Singleton 020 7429 6606 Conduit PR Public Relations or 07739 461 061 Updates on the Company's activities are regularly posted on Thor's websitewww.thormining.com, which includes a facility to register to receive theseupdates by email. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Thor Energy