Thor Announces Closing of New Private Placement

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES

Thor Explorations Ltd. (TSX VENTURE:THX) ("Thor" or the "Company") is pleased to
announce the closing of a non-brokered private placement as announced on
September 30, 2013. Gross proceeds of $414,201 were raised pursuant to the
private placement and the Company intends to use the gross proceeds for
exploration activities and working capital purposes.


Under the terms of the private placement, the Company issued 2,588,759 common
shares ("Common Shares") at a price of $0.16 per Common Share. The Company will
pay $22,369 as finders' fees to a third party finder. The Common Shares issued
pursuant to the private placement are subject to a 4-month hold period in Canada
expiring February 3, 2013. 


Thor Explorations Ltd. is a Canadian mineral exploration company engaged in the
acquisition, exploration and development of mineral properties located in
Senegal and Burkina Faso. Thor holds a 70% interest in the Douta Gold Project
located in southeastern Senegal. The Douta Gold Project lies within the Kenieba
Inlier which hosts significant gold resources and has attracted major
international mining companies. Thor also holds an 85% interest in the Bongui
and Legue gold permits located in Hounde greenstone belt, and a 100% interest in
the Ouere gold permit in south west Burkina Faso. The three Burkina Faso permits
comprise the Central Hounde Project. Thor trades on the TSX Venture Exchange
under the symbol "THX".


THOR EXPLORATIONS LTD. 

Segun Lawson, President & CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


This press release does not constitute an offer to purchase securities. The
securities to be offered in the offering have not been and will not be
registered under the United States Securities Act of 1933, as amended, or any
state securities laws and may not be offered or sold in the United States or to,
or for the benefit or account of, a U.S. person, except pursuant to an available
exemption from such registration requirements.


Cautionary Note Regarding Forward-Looking Statements

Except for the statements of historical fact contained herein, the information
presented constitutes "forward looking statements". Such forward-looking
statements, including but not limited to the use of the proceeds of the private
placement. Although the Company has attempted to identify important factors that
could cause actual results to differ materially, there may be other factors that
cause results not to be as anticipated, estimated or intended. There can be no
assurance that such statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking
statements.


Shares Outstanding: 93,696,872

FOR FURTHER INFORMATION PLEASE CONTACT: 
Thor Explorations Ltd.
Investor Relations
778-373-0102
604-639-4670 (FAX)
info@thorexpl.com

Thor Explorations (TSXV:THX)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024