Closing of first tranche of Financing
Suite 250, 1075 West Georgia Street
Vancouver, BC, Canada V6E 3C9
Tel: 1.778.373.0102 Fax: 1.604.639.4670
NEWS RELEASE
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR
DISTRIBUTION TO U.S. WIRE SERVICES
FOR IMMEDIATE RELEASE TSXV: THX
May 19, 2017 Shares Outstanding: 297,859,137
Vancouver, British Columbia
Closing of first tranche of Financing
The Company is pleased to announce the closing of a first tranche of financing in respect of
this private placement as announced on May 12, 2017. The Company issued 12,666,134
Common Shares at a price of $0.15 per Common Share, raising gross proceeds of
$1,899,920. The Company also paid finder’s fees in respect of the first tranche of $85,496 to
a third party finder.
The Common Shares issued pursu ant to the first tranche of the private placement are
subject to a 4- month hold period in Canada expiring September 20, 2017.
The net proceeds raised pursuant to the private placement will be used for exploration
activities and working capital purposes.
ABOUT THOR
Thor Explorations Ltd. is a Canadian mineral exploration company engaged in the
acquisition, exploration and development of mineral properties located in Nigeria, Senegal
and Burkina Faso. Thor holds a 100% interest in the Segilola Gold Projec t in Osun State
Nigeria approximately 120km northeast of Lagos. The Company believes the Segilola Gold
Project is one of the most advanced exploration gold projects in Nigeria. Thor holds a 70%
interest in the Douta Gold Project located in southeastern Senegal. The Douta Gold Project
lies within the Kéniéba Inlier which hosts significant gold resources and has attracted major
international mining companies. Thor also holds a 49% interest in the Bongui and Legue
gold permits located in Houndé greenstone belt, south west Burkina Faso. Thor trades on
the TSX Venture Exchange under the symbol “THX”.
THOR EXPLORATIONS LTD.
Per: “Segun Lawson”
President & CEO
For further information please contact:
Tel: +44 07932 420 902
Fax: 604-434-1487
Email: [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release
This press release does not constitute an offer to purchase securities. The securities to be
offered in the offering have not been and will not be registered under the United States
Securities Act of 1933, as amended, or any state securities laws and may not be offered or
sold in the United States or to, or for the benefit or account of, a U.S. person, except
pursuant to an available exemption from such registration requirements.
Forward-Looking Information
This news release contains “forward-looking information” and “forward-looking statements”
(collectively, “forward-looking information”) within the meaning of applicable securities laws.
Forward-looking information is generally identifiable by use of the words “believes,” “may,”
“plans,” “will,” “anticipates,” “intends,” “could”, “estimates”, “expects”, “forecasts”, “projects”
and similar expressions, and the negative of such expressions. Forward-looking information
in this news release includes, without limitation, statements about the Company’s drilling
program and what it will mean to the Company as it tests the continuity of the mineral body,
as well as statements regarding the completion of the PEA, what it will determine and the
intended completion date.
All forward-looking information herein is qualified in its entirety by this cautionary statement,
and the Company disclaims any obligation to revise or update any such forward -looking
information or to publicly announce the result of any revisions to any of the forward -looking
information contained herein to reflect future results, events or developments, except as
required by law.