1st Dec 2008 14:19
THOR MINING PLC
ISSUE OF OPTIONS TO DIRECTORS
Dated: 1 December 2008
Thor Mining PLC ("the Company" or "Thor"), AIM, ASX: "THR" the specialist metals company focused on advancing tungsten-molybdenum and uranium projects in the Northern Territory of Australia, today announces that it has issued 5 million options to the Directors of the Company. The issue of these options was approved by shareholders at the Annual General Meeting held on 28 October 2008.
The Company approved the grant of 5 million options to the Directors on 28 August 2008, subject to shareholder approval, as set out in the table below. These Options vest immediately and are exercisable at AUS$0.18 (approximately 4.3p at the current exchange rate) on or before 15 September 2011. These options are unlisted and have no voting rights.
|
Name |
Position |
Number of Options |
|
Michael Billing |
Chairman |
1,000,000 |
|
Michael Ashton |
Non executive director |
1,000,000 |
|
Gregory Durack |
Non executive director |
1,000,000 |
|
Norman Gardner |
Non executive director |
1,000,000 |
|
John Young |
Executive director |
1,000,000 |
Enquiries:
|
Mick Billing |
+ 61 (0)414 741 007 |
Thor Mining PLC |
Chairman |
|
Damian Delaney |
+61 (0) 438 921 666 |
Thor Mining PLC |
Company Secretary |
|
John Simpson |
020 7489 4500 |
Blomfield Corporate Finance Ltd |
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