Business
Sale of Shares in Ram Resources (ASX: RMR)
Sale of Shares in Ram Resources (ASX: RMR).
About this update from Thor Energy Plc
[{"type":"text","content":"\n \nRNS Number : 0865N Thor Mining PLC 23 July 2014 \n \n\n \n \n \n23 July 2014\n \nThor Mining PLC (\"Thor\" or the \"Company\")\n \nSale of Shares in Ram Resources (ASX: RMR)\n \n \nAs announced on 20th May 2014, Thor Mining PLC (\"Thor\") (AIM, ASX: THR) has sold its 60% interest in the base metal rights at the Dundas project in Western Australia (with Thor retaining its 60% interest in gold and associated metals). Consideration for the disposal included A$70,000 payable to Thor in ordinary fully paid shares in RMR.\n \nThe Directors of Thor advise that 6,363,636 ordinary fully paid shares in RMR were subsequently issued to Thor at a value of A$0.011 per share, and Thor has since sold these shares for A$102,107 (being an average price of A$0.016 per share).\n \nThe proceeds of A$102,107 will be used primarily to finalise an upgraded Definitive Feasibility Study at Thor's Molyhil tungsten project in Australia's Northern Territory.\n \n \n Enquiries: \n\n\n\n\nMick Billing\n\n\n+61 (8) 7324 1935\n \n\n\nThor Mining PLC\n\n\nExecutive Chairman\n\n\n\n\nRay Ridge\n\n\n+61 (8) 7324 1935\n \n\n\nThor Mining PLC\n\n\nCFO/Company Secretary\n \n\n\n\n\nColin Aaronson/ \nDavid Hignell/\nJamie Barklem\n\n\n+44 (0) 207 383 5100 \n \n\n\nGrant Thornton UK LLP\n \n\n\n Nominated Adviser\n\n\n\n\nAndrew Monk/\nBhavesh Patel \n\n\n+44 (0) 20 3005 5000\n\n\nVSA Capital Ltd\n \n\n\nBroker\n\n\n\n\nAlex Walters\n\n\n+44 (0) 7771 713608\n+44 (0) 207 839 9260\n \n\n\nCadogan PR\n\n\nFinancialPR\n\n\n\n\n \n \nUpdates 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.\n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCMMGZNRFGGDZG\n ","length":5627,"tagName":"div"}]