Market Update (3181Z)
March 14 2012 - 5:13AM
UK Regulatory
TIDMTHR
RNS Number : 3181Z
Thor Mining PLC
14 March 2012
14 March 2012
THOR MINING PLC
Market Update
Thor Mining plc ("Thor" or "the Company") advise that, further
to the response to the share price enquiry from the Australian
Securities Exchange, dated 13(th) March 2012, the Company has
become aware of certain speculation in the media (including on-line
forums), which may be attributable to the price movement and
increase in volume of Thor securities traded both yesterday and
today.
In consequence, and in the interests of ensuring the market is
correctly informed, the directors of Thor advise the following:
-- The Company is not in any discussions with a view to
procuring or which, in the Directors' view, have a potential
outcome of a takeover offer being made for the Company:
-- In respect of the Molyhil Tungsten and Molybdenum project,
and as advised to AIM and ASX in Thor's quarterly report released
on 9 January 2012, the Company has held discussions with a number
of parties with a view to securing concentrate off-take agreements
and project financing;
-- The directors of Thor do not expect any discussions relating
to concentrate off-take agreements, and project financing to result
in offers for either of these facilities prior to the completion
and publication of the results of the Molyhil Definitive
Feasibility Study (DFS).
Thor will update AIM and ASX on any change to the above
information in accordance with its obligations under the AIM Rules
for Companies and ASX Listing Rules.
Enquiries:
Mick Billing +61 (0) 8 7324 Thor Mining PLC Executive Chairman
1935
Allan Burchard +61 (0) 8 7324 Thor Mining PLC CFO/Company Secretary
1935
Gerry Beaney +44 (0) 20 7383 Grant Thornton Corporate Nominated Adviser
/ David Hignell 5100 Finance
Nick Emerson/ +44 (0) 1483 413500 Simple Investments Broker
Renato Rufus
Alex Walters/ +44 (0) 77 7171 Cadogan PR Financial PR
Emma Wigan 3608
+44 (0) 20 7839
9260
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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