23rd Jul 2007 12:56
Thor Mining PLC23 July 2007 THOR MINING PLC Issue of Equity Dated: 23 May 2007 Thor Mining PLC ("the Company" or "Thor"), AIM, ASX: THR the specialist metalscompany focused on advancing tungsten-molybdenum and uranium projects in theNorthern Territory of Australia has issued a further 6,800,000 new ordinaryshares of 0.3p each in the capital of the Company (the "Shares"), conditional onthe Shares being admitted to trading on AIM. The funds are to supplement theCompany's working capital and to provide additional finance for the developmentof the Molyhil Tungsten and Molybdenum Project. City Equities Limited has agreed to subscribe for 6,000,000 Shares at 11p perShare. Following the subscription, City Equities Limited will hold 6,000,000Shares, which is approximately 4.3% of the issued share capital of the Companyas enlarged by the placing. Following the issue of these Shares the Company's total issued share capitalwill be 139,659,508 Shares. Application has been made to the London StockExchange for the Shares to be admitted to trading on AIM. Dealings are expectedto commence at 8.00 a.m. on 27 July 2007. Enquiries: John Young + 61 (0)419 954 020 Thor Mining PLC Chief Executive OfficerJohn Simpson 020 7512 0191 ARM Corporate Finance Ltd Nominated Adviser Leesa Peters 020 7429 6600 Conduit PR Limited Public Relations or Jos Simson 020 7429 6603 Nicholas Read + 61 (0) 8 9388 1474 Read Corporate Public Relations/ Australia 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