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 As announced earlier today, Resolutions 3 and 8 which were withdrawn prior to the meeting.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
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1 210,753,297 24,268,384 466 483,294
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2 81,311,026 153,613,867 160,466 420,482
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4 212,762,602 22,162,291 160,466 420,482
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5 193,926,627 37,364,146 466 4,214,602
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6 191,621,642 43,757,988 466 125,745
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7 205,208,153 29,562,590 466 734,632
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9 162,039,173 72,771,495 160,466 534,707
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10 107,000,655 43,101,279 160,466 677,977
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11 106,353,321 43,732,413 160,466 633,857
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12 124,818,833 74,891,271 466 34,995,271
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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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