NEWS
RELEASE
NOT FOR
DISSEMINATION IN THE UNITED STATES OR FOR
DISTRIBUTION TO U.S. WIRE SERVICES
Thor
Explorations Ltd / TSXV & AIM: THX / Sector: Mining
FOR
IMMEDIATE RELEASE
TSXV/AIM: THX
January 27, 2025
Vancouver, British Columbia
EXERCISE OF SHARE OPTIONS -
CORRECTION
Thor Explorations Ltd. (TSXV/AIM:
THX) ("Thor Explorations" or the "Company") announces a correction
to the exercise of share options announcement made on 21 January
2025.
The number of options exercised and
received by other contractors was incorrectly reported as 700,000
shares. 790,000 share options were exercised and received by other
contractors of the Company.
Application has been made for the
additional 90,000 shares (the "New Shares") to be admitted to
trading on AIM ("Admission") on January 31, 2025. The New Shares
will also trade on the TSX Venture Exchange and rank pari passu to
existing shares.
Following the Admission, Thor
Explorations' issued share capital will consist of 664,334,710
common shares. The Company does not hold any shares in treasury.
Shareholders may use this figure as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the
Company.
Following this share options
exercise, the Company has no outstanding share options.
About Thor Explorations
Thor Explorations Ltd. is a mineral
exploration company engaged in the acquisition, exploration and
development of mineral properties located in Nigeria, Senegal and
Burkina Faso. Thor Explorations holds a 100% interest in the
Segilola Gold Project located in Osun State of Nigeria and has a
70% economic interest in the Douta Gold Project located in
south-eastern Senegal. Thor Explorations trades on AIM and the TSX
Venture Exchange under the symbol "THX".
For
further information please contact:
Thor Explorations Ltd
Email: info@thorexpl.com
Canaccord Genuity (Nominated Adviser
& Broker)
Henry Fitzgerald-O'Connor / James
Asensio / Harry Rees
Tel: +44 (0)
20 7523 8000
Hannam & Partners
(Broker)
Andrew Chubb / Matt Hasson / Jay
Ashfield / Franck Nganou
Tel: +44 (0) 20 7907 8500
Ibu Lawson (Investor
Relations)
Tel: +447909825446
Email:
ibu.lawson@thorexpl.com
BlytheRay (Financial
PR)
Tim Blythe / Megan Ray / Said
Izagaren
Tel: +44 207 138 3203
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.
