Business
Notice of GM
Notice of GM.
About this update from Thor Energy Plc
[{"type":"text","content":"\n \nRNS Number : 5318X Thor Mining PLC 30 April 2019 \n\n \n30 April 2019\n \nTHOR MINING PLC\n \nNOTICE OF GENERAL MEETING\n \nThor Mining PLC (\"Thor\" or \"the Company\") (AIM, ASX: THR) is today posting a notice of a general meeting to be held at 9am on 23 May 2019 at the offices of Grant Thornton UK LLP, 30 Finsbury Square, London EC2P 2YU (the \"General Meeting\").\nAt the General Meeting, shareholders will be asked to provide the directors with the requisite authorities to issue equity securities in relation to the acquisition of two Australian private companies, Hamersley Metals Pty Ltd and Pilbara Goldfields Pty Ltd (the Acquisition), and a strategic financing of £400,000, before expenses (refer ASX and AIM announcements on 27 March 2019).\nResolutions 1 and 2 are a requirement under English company law, providing the directors with the necessary authorities to issue equity securities and dis-apply pre-emption rights up to an aggregate nominal amount of £20,000. The nominal amount is calculated to be sufficient to issue the proposed securities related to the Acquisition and the strategic financing. Resolutions 3 to 5 provide Directors with authority to issue those equity securities pursuant to ASX Listing Rules 7.1 and 7.1A. Resolutions 3 to 5 are described further below.\nThe strategic financing raised a total of £400,000, before expenses, through the placing of 47,058,823 ordinary shares of 0.01p each at a price of 0.85p each (the \"Placing Shares\"), together with one accompanying Warrant for every Ordinary Share subscribed (the \"Placing Warrants\", together the \"Placement Securities\"). Each Placing Warrant carries a right to subscribe for an Ordinary Share at a price of 1.3p per Ordinary Share, valid for a period of 36 months from the date of issue. The Placement Securities were issued on 10 April 2019 utilising available capacity under ASX Listing Rules 7.1 and 7.1A. Resolution 3 seeks shareholder approval for the purposes of ASX Listing Rule 7.4 to the issue and allotment of the Placement Securities, such that the Placement Securities will not be counted towards the 15% limit on the issue of securities without Shareholder approval pursuant to ASX Listing Rule 7.1, or the 10% limit on the issue of securities without Shareholder approval pursuant to A...