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Thor Explorations Announces Intention to Seek Admission to Trading on the AIM Market of the London Stock Exchange
VANCOUVER, British Columbia, March 31, 2021 (GLOBE NEWSWIRE) -- Thor Explorations Ltd. (TSX VENTURE: THX) (“Thor Explorations” or the “Company”) is pleased to a
About this update from Thor Explorations Ltd.
[{"type":"text","content":" VANCOUVER, British Columbia, March 31, 2021 (GLOBE NEWSWIRE) -- Thor Explorations Ltd. (TSX VENTURE: THX) (“Thor Explorations” or the “Company”) is pleased to announce its intention to seek admission to trading of its common shares (the “Common Shares”) on the AIM market of the London Stock Exchange (“Admission”). The Company is targeting Admission during Q2 2021. This listing is supplementary to the Company’s listing on the TSX-V in Canada. The dual listing is intended to further raise the profile and status of the Company with the global investment community. In addition, the Company intends that Admission will: increase access to UK and European investors provide additional liquidity for the Company’s current and future shareholders broaden the marketing of the Company’s shares Segun Lawson, President & CEO, stated: “Thor Explorations has advanced significantly, in both project development and capitalisation since the acquisition of Segilola in 2016. This year, the Company is well positioned to achieve two major milestones with the commencement of gold production at Segilola in Nigeria and a maiden resource at Douta in Senegal, as well as continuing to progress our highly prospective Nigerian exploration portfolio on the Ilesha Schist belt.” “The Company is seeking admission to AIM with near term production, a clearly defined growth strategy, a positive market setting for gold and a track record of exploration and development success. I am looking forward to working with our existing and new investors in the London market to deliver the significant potential of this company.\" About Thor Thor is a West African focussed gold company with its flagship Segilola gold mine under construction in Nigeria and set to become the first large-scale industrial gold mine in the country. Thor also owns development projects and exploration properties in Nigeria, as well as a 70% economic interest in a highly prospective region in Senegal. The Segilola gold project is scheduled to deliver first gold pour in June 2021, prior to completion of EPC plant performance conditions which is scheduled for August 2021, positioning Thor as a high-grade, low-cost gold producer. The Segilola project has the following highlights: Total Probable Reserve of 517,800 ounces at 4.02 grams per tonne (“g/t”) representing a 28% increase over the March 2019 Seg...