Thor Announces Extension of US$15m Private Share Placement
www Suite 1010, 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
June 17th, 2019 Shares Outstanding: 370,682,965
Vancouver, British Columbia
THOR ANNOUNCES EXTENSION OF US$15m PRIVATE SHARE PLACEMENT
Thor Exploration Ltd. (TSXV: THX) (the “Company”) announces that further to its news release dated April 30,
2019, the Company’s proposed private placement (the “Offering”) is continuing and an extension of 30 days
to close the Offering has been granted by the TSX Venture Exchange. The Offering is subject to the
acceptance of the TSX Venture Exchange.
Further to the Company receiving Africa Finance Corporation (“AFC”) board approval for the US$78 million
finance announced on 15 April 2019, the extension date of the private placement aligns with the target final
closing date for AFC’s US$15m additional equity subscription.
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 Project located in Osun State of Nigeria and a 70% interest in the Douta Gold Project
located in south-eastern Senegal. 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.
Segun Lawson
President & CEO
For further information please contact:
Tel: 778-373-0102
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.
Cautionary Note Regarding Forward-Looking Statements
Except for the statements of historical fact contained herein, the information presented constitutes “forward
looking statements” within the meaning of certain securities laws, and is subject to important risks,
uncertainties and assumptions. Such forward-looking statements, including but not limited to the completion
of the acquisition of the Segilola Gold Project and the use of the proceeds of the private placement. The
words “may”, “could”, “should”, “would”, “suspect”, “outlook”, “believe”, “anticipate ”, “estimate”, “expect”,
“intend”, “plan”, “target” and similar words and expressions are used to identify forward-looking information.
The forward-looking information in this news release describes the Company’s expectations as of the date of
this news release and accordingly, is subject to change after such date. Readers should not place undue
importance on forward-looking information and should not rely upon this information as of any other date.
While the Company may elect to, it does not undertake to update this information at any particular time.