THOR ENERGY PLC — Share Issue/Capital Change 2021

Aug 17, 2021

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Announcement Summary

Entity name

THOR MINING PLC

Date of this announcement

Wednesday August 18, 2021

The +securities the subject of this notification are:

@ +Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Total number of +securities to be issued/transferred

ASX +security code	Security description	Total number of +securities to be issued/transferred	Issue date
THRAM	ORDINARY FULLY PAID	107,692,307	17/08/2021
THRAV	OPTION EXPIRING 17-AUG-2023 EX GBP 0.013	53,846,153	17/08/2021

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted

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X

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 1 - Entity and announcement details

1.1 Name of entity
THOR MINING PLC

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type
ARBN

Registration number
121117673

1.3 ASX issuer code
THR

1.4 The announcement is
☑ New announcement

1.5 Date of this announcement
18/8/2021

Notification of Issue, Conversion or Payment up of Unquoted

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X

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 2 - Issue details

2.1 The +securities the subject of this notification are:

☑ +Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Previous Appendix 3B details:

Announcement Date and Time	Announcement Title	Selected Appendix 3B to submit quotation request
12-Aug-2021 09:15	New - Proposed issue of securities - THR	A placement or other type of issue

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B?

☑ Yes

2.3a.3 Please provide details of the further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B

A further 15,384,616 Ordinary Shares are expected to be issued and quoted on the AIM market of the London Stock Exchange in the next three days, together with 7,692,308 unlisted options on the basis of one option for every two Ordinary Shares subscribed.

Notification of Issue, Conversion or Payment up of Unquoted

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X

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 3A - number and type of +securities the subject of this notification (existing class or new class) where issue has previously been notified to ASX in an Appendix 3B

Placement Details

ASX +security code and description
THRAM: ORDINARY FULLY PAID

Date the +securities the subject of this notification were issued
17/8/2021

Any other information the entity wishes to provide about the +securities the subject of this notification

Issue details

Number of +securities
107,692,307

Were the +securities issued for a cash consideration?
☑ Yes

In what currency was the cash consideration being paid?
GBP - Pound Sterling

What was the issue price per +security?
GBP 0.00650000

ASX +security code and description
THRAV: OPTION EXPIRING 17-AUG-2023 EX GBP 0.013

Date the +securities the subject of this notification were issued
17/8/2021

Any other information the entity wishes to provide about the +securities the subject of this notification

Notification of Issue, Conversion or Payment up of Unquoted

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X

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Issue details

Number of +securities
53,846,153

Were the +securities issued for a cash consideration?
☑ No

Please describe the consideration being provided for the +securities
As part of the placement, the options were granted for nil consideration on the basis of one option for every two ordinary shares subscribed.

Notification of Issue, Conversion or Payment up of Unquoted

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X

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise:
(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +Securities (Total number of each +class of +securities quoted)

ASX +security code and description	Total number of +securities on issue
THR : CHESS DEPOSITARY INTERESTS 1:1	563,330,391
THROA : OPTION EXPIRING 08-JUL-2023	129,300,000

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

ASX +security code and description	Total number of +securities on issue
THRAS : OPTION EXPIRING 10-NOV-2022 EX $0.03	8,333,000
THRAK : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	321,998,529
THRAM : ORDINARY FULLY PAID	1,170,081,404
THRAQ : OPTION EXPIRING 23-OCT-2022 EX GBP 0.01	26,500,000
THRAR : OPTION EXPIRING 23-OCT-2023 EX GBP 0.0054	4,000,000
THRAT : OPTION EXPIRING 04-MAR-2024 EX GBP 0.010273	2,433,526
THRAV : OPTION EXPIRING 17-AUG-2023 EX GBP 0.013	115,384,614
THRAN : OPTION EXPIRING 08-JUL-2023 EX 0.95C	24,000,000
THRAU : OPTION EXPIRING 04-DEC-2022 EX USD 0.0175	6,000,000

Notification of Issue, Conversion or Payment up of Unquoted