THOR ENERGY PLC

Management Reports • Jun 3, 2014

National Storage Mechanism | Additional information

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RNS Number : 6926I

Thor Mining PLC

03 June 2014

Tuesday, 3 June 2014

THOR MINING PLC

Thor Mining PLC ("Thor" or the "Company")

The Directors of Thor Mining PLC (AIM, ASX: THR) today released the following announcement on the Australian Securities Exchange ("ASX") as required under the listing rules of the ASX.

3rd June 2014

Company Announcements Office

ASX Limited

Level 4, Exchange Centre 

20 Bridge Street

Sydney NSW 2000.

Via e-lodgement

Information Required under ASX Listing Rule 3.10.5A

Thor Mining Plc ("The Company") provides the information required under ASX Listing Rule 3.10.5A as follows:

a.   Dilution to existing holders:

The dilutive effect of the 7.1A placement (25,000,000 CDI's) on existing shareholders is 1.5%.

Further details of the approximate percentage of the issued capital post the placement held by pre-placement shareholders and new shareholders are as follows.

Shareholder category	Holding pre placement	Holding post placement
Pre-placement security holders who did not participate in the placement	98.69%	97.24%
Pre-placement security holders who did participate in the placement	1.31%	2.03%
Participants in the placement who were not previously security holders	-	0.73%
Total	100%	100%

b.   As advised to the ASX on 26 May 2014, the company has resolved to utilise the capacity available to it under ASX Listing Rule 7.1A.  The company considers this to be the most effective and expedient method for raising funds to meet working capital requirements.

c.   No underwriting arrangements were in place for the placement, and

d.   Fees incurred in connection with the issue were $4,000.

Yours Faithfully

Ray Ridge

Company Secretary and Chief Financial Officer

Tel:         +61 8 7324 1935

Fax:        +61 8 8351 5169

Email:     [email protected]

Enquiries:

Mick Billing	+61 (8) 7324 1935	Thor Mining PLC	Executive Chairman
Ray Ridge	+61 (8) 7324 1935	Thor Mining PLC	CFO/Company Secretary
Colin Aaronson/ David Hignell/ Jamie Barklem	+44 (0) 207 383 5100	Grant Thornton UK LLP	Nominated Adviser
Nick Emerson/ Renato Rufus	+44 (0) 1483 413500	SI Capital Limited	Broker
Alex Walters	+44 (0) 7771 713608 +44 (0) 207 839 9260	Cadogan PR	Financial PR

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.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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