Thor Mining withdraws two AGM resolutions, issues equity

   Thor Mining {ASX / AIM: THR}

Withdrew two resolutions, and lost a third in the voting at the recent contentious AGM.

Additionally, Thor Issued 141,666,667  ordinary shares of 0.01p each in order to complete a placing of Ordinary Shares at 0.2p.

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Thor Mining {ASX / AIM: THR}

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Withdrew two resolutions, and lost a third in the voting at the recent contentious AGM.

 

ISSUE OF EQUITY

The directors of Thor Mining Plc (“Thor” or “the Company”) (AIM, ASX: THR) announce that at the AGM held earlier today, all resolutions were passed other than resolution 2. As announced earlier today, Resolutions 3 and 8 which were withdrawn prior to the meeting.

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Proxy results for resolutions other than resolutions 3 and 8, were as follows:

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 Resolution       For         Against     Discretion of    Withheld 
                                           the Chairman 
             – -------- –  – -------- –  – ---------- –  – ------- – 
     1        210,753,297   24,268,384         466         483,294 
             – -------- –  – -------- –  – ---------- –  – ------- – 
     2        81,311,026    153,613,867      160,466       420,482 
             – -------- –  – -------- –  – ---------- –  – ------- – 
     4        212,762,602   22,162,291       160,466       420,482 
             – -------- –  – -------- –  – ---------- –  – ------- – 
     5        193,926,627   37,364,146         466        4,214,602 
             – -------- –  – -------- –  – ---------- –  – ------- – 
     6        191,621,642   43,757,988         466         125,745 
             – -------- –  – -------- –  – ---------- –  – ------- – 
     7        205,208,153   29,562,590         466         734,632 
             – -------- –  – -------- –  – ---------- –  – ------- – 
     9        162,039,173   72,771,495       160,466       534,707 
             – -------- –  – -------- –  – ---------- –  – ------- – 
     10       107,000,655   43,101,279       160,466       677,977 
             – -------- –  – -------- –  – ---------- –  – ------- – 
     11       106,353,321   43,732,413       160,466       633,857 
             – -------- –  – -------- –  – ---------- –  – ------- – 
     12       124,818,833   74,891,271         466        34,995,271 
             – -------- –  – -------- –  – ---------- –  – ------- – 
     13       150,006,773   75,647,151         466        9,851,451 
             – -------- –  – -------- –  – ---------- –  – ------- – 

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ISSUE OF EQUITY

As a result of the passage of resolutions 11, 12 and 13, the Company will issue 141,666,667 Thor ordinary shares of 0.01p each (“Ordinary Shares”) in order to complete the placing of Ordinary Shares at 0.2p per share announced on 22 October 2019. Included in the issue of shares are 10,000,000 Ordinary Shares to Mick Billing and 2,500,000 to David Thomas, as announced on 22 October 2019.

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Application has been made for the admission of the 141,666,667 Ordinary Shares to trading on AIM with admission expected to take place on 29 November 2019.

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Following the issue of the 141,666,667 Ordinary Shares, Thor will have 1,076,646,863 Ordinary Shares in issue.

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Following the issue of the 10,000,000 Ordinary Shares, Mick Billing holds 45,407,423 Ordinary Shares representing 4.22 per cent. of the Company’s issued share capital. In addition, Mr Billing holds 7,500,000 warrants to subscribe for Ordinary Shares.

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TOTAL VOTING RIGHTS

For the purposes of the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules (“DTRs”), following Admission, Thor will have 1,076,646,863 Ordinary Shares in issue with voting rights attached. Thor holds no shares in treasury. This figure of 1,076,646,863 ay be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the ASX Listing Rules or the DTRs.

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