Business
Director Appointment and Business Update
Director Appointment and Business Update.
About this update from Thor Energy Plc
[{"type":"text","content":"\n \nRNS Number : 3232A Thor Mining PLC 27 December 2017 \n\n27 December 2017\n \nTHOR MINING PLC\nDIRECTOR APPOINTMENT and BUSINESS UPDATE\nThe Board of Thor Mining Plc (\"Thor\" or the \"Company\") (AIM, ASX: THR), is pleased to announce the appointment of Richard Bradey to the board as Executive Director, and also provide an update to shareholders in respect of the positive progress being achieved across the Company's business activities and projects.\nDirector Appointment\nRecognising the success of project advancement to date, and the critical importance of our key projects commercialisation intent, Thor Mining has promoted Richard Bradey, currently Exploration Manager, to become Executive Director on the Board of the Company with immediate effect.\nIt is the intention of the Company to award Mr Bradley 5,000,000 options in Thor Mining at a price of 4.5p per share, which will only vest when the volume weighted average price of the Company exceeds 6p for twenty consecutive business days. This award, as with all director incentivisation of the Company will be put to shareholders at a future meeting of shareholders.\nRichard Bradey is a mining industry professional with over 25 years of experience in a broad range of mine production, resource development and exploration roles. He is a qualified geologist and holds a Bachelor of Applied Science in Applied Geology and a Masters Degree in Natural Resource Management. His career includes roles with Mount Isa Mines, Normandy Metals, and Hill 50 Gold. Before joining Thor Mining in 2011 as Exploration Manager, Richard held senior roles with Xstrata Zinc and Hillgrove Resources.\nRicard Simon Bradey, aged 53, holds no other directorships and there is no further information that is required to be disclosed under Schedule Two (g) of the AIM Rules for Companies.\nRichard Bradey and his spouse currently hold a total interest in 31,792 Ordinary Shares in the Company, along with 1,500,000 unlisted options to acquire Ordinary Shares for 1.8pence, expiring on 27 June 2020.\nBusiness Update\nThor has three advanced interests including Pilot Mountain - Nevada USA, Molyhil - Northern Territory Australia, and Kapunda - South Australia. In addition, the Company holds a 25% stake in US Lithium Pty Limited with lithium interests in Nevada USA. Finally, the Company has a ...