Thor Explorations Announces Exercise of Share Options and Director Dealings
Thor Explorations Announces Exercise of
Share Options and Director Dealings
Vancouver, British Columbia--(Newsfile Corp. - June 6, 2023) - Thor Explorations Ltd. (TSXV: THX)
(AIM: THX) ("Thor Explorations" or the "Company") announces the exercise of share options ("Options")
for a total of 1,500,000 common shares without par value at 14.5 Canadian Dollar cents per common
share in the share capital of the Company ("New Shares"). The Options have been exercised by
Company Director Mr Folorunso Adeoye for total consideration of C$217,500. The New Shares will rank
pari passu with the existing shares and application has been made for the 1,500,000 New Shares to be
admitted to trading on AIM ("Admission") on 9 June 2023. The New Shares will also trade on the TSX
Venture Exchange.
Following the Admission, Thor Explorations' issued share capital will consist of 645,233,413 common
shares and Mr Adeoye (and persons closely associated with him) will have a beneficial holding of
21,349,721 common shares which equates to 3.3% of the total issued share capital in the Company.
The Company does not hold any shares in treasury. Shareholders may use this figure 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.
In addition to the exercise of options, the Company also announces that Mr Adrian Coates, Non-
Executive Chairman, carried out a "Bed and ISA" transaction, having transferred 116,500 common
shares from his share dealing account to his ISA, on 2 June 2023.
The beneficial holding of Mr Coates (and persons closely associated with him) is unchanged following
this transaction and Mr Coates remains beneficially interested in 1,350,000 Common Shares
representing approximately 0.21% of the total issued share capital in the Company.
About Thor Explorations
Thor Explorations Ltd. is a mineral exploration company engaged in the acquisition, exploration,
development of mineral properties located in Nigeria, Senegal and Burkina Faso. Thor Explorations
holds a 100% interest in the Segilola Gold Project located in Osun State of Nigeria and has a 70%
economic interest in the Douta Gold Project located in south-eastern Senegal. Thor Explorations trades
on AIM and the TSX Venture Exchange under the symbol "THX".
For further information please contact:
Thor Explorations Ltd
Email:
Canaccord Genuity (Nominated Adviser & Broker)
Henry Fitzgerald-O'Connor / James Asensio / Thomas Diehl
Tel: +44 (0) 20 7523 8000
Hannam & Partners (Broker)
Andrew Chubb / Matt Hasson / Jay Ashfield / Franck Nganou
Tel: +44 (0) 20 7907 8500
Fig House Communications (Investor Relations)
Tel: +1 416 822 6483
Email:
Ibu Lawson (Investor Relations)
Tel: +447909825446
Email:
BlytheRay (Financial PR)
Tim Blythe / Megan Ray / Said Izagaren
Tel: +44 207 138 3203
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.
The following disclosures are made in accordance with Article 19 of the UK Market Abuse Regulation
596/2014 as it forms part of UK law.
1.
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Folorunso Adeoye
2.
Reason for the notification
a)
Position / status
Non-Executive Director
b)
Initial notification / amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Thor Explorations Ltd
b)
LEI
213800AXZ8468CQYVT76
4.
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a)
Description of the financial instrument, type
of instrument
Identification Code
Common Shares of no par value
b)
Nature of the transaction(s)
Acquisition of common shares via exercise of options
c)
Price(s) and volume(s)
Price(s)
Volume(s)
C$14.5 cents
1,500,000
d)
Aggregated information
-
Aggregated volume
-
Price
Price(s)
Volume(s)
C$14.5 cents
1,500,000
e)
Date of the transaction
5 June 2023
f)
Place of the transaction
outside a trading venue
1.
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Adrian Coates
2.
Reason for the notification
a)
Position / status
Non-Executive Chairman
b)
Initial notification / amendment
Initial notification
3.
Details of the issuer , emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Thor Explorations Ltd
b)
LEI
213800AXZ8468CQYVT76
4.
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a)
Description of the financial instrument, type
of instrument
Identification Code
Common Shares of no par value
CA8851491040
b)
Nature of the transaction(s)
1
.
Sale of Common Shares from share dealing account
2
.
Purchase of Common Shares into ISA account
c)
Price(s) and volume(s)
Price(s)
Volume(s)
17.1 pence
116,500
d)
Aggregated information
-
Aggregated volume
-
Price
Price(s)
Volume(s)
17.1 pence
116,500
e)
Date of the transaction
2 June 2023
f)
Place of the transaction
outside a trading venue
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR
DISTRIBUTION TO U.S. WIRE SERVICES
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https://www.newsfilecorp.com/release/168854