Thor Mining : 10/10/2016 Appendix 3B

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Thor Mining PLC ­ THR Released 07:00 10­Oct­2016

Appendix 3B

RNS Number : 0822M Thor Mining PLC

10 October 2016

Monday, 10 October 2016

THOR MINING PLC

Thor Mining PLC ("Thor" or the "Company")

The Directors of Thor Mining PLC (AIM, ASX: THR) today released the following announcement on the Australian Securities Exchange ("ASX") as required under the listing rules of the ASX.

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12

Name of entity

Thor Mining PLC

ABN

121 117 673

We (the entity) give ASX the following information.

You must complete the relevant sections (attach sheets if there is not enough space).

1

1. Number of +securities issued or to be issued (if known) or maximum number which may be issued

2. Transfers of 1,500,000 to ASX listed CDI's from AIM listed shares on the AIM Market of the London Stock Exchange, during the period 5 September 2016 to 7 October 2016.
3. Issue of 1,000,000,000 Ordinary Shares to sophisticated investors in the UK on 7 October 2016.

   Thereby increasing the total number of securities, listed on both AIM and ASX, to 7,136,387,510 as at 7 October 2016.

4. Issue of 1,000,000,000 unlisted options to sophisticated investors, on the basis of one free option for every one Ordinary Share subscribed for under (b).

5. This represents:

6. Transfers of 1,500,000 to ASX listed CDI's from AIM listed shares on the AIM Market of the London Stock Exchange, during the period 5 September 2016 to 7 October 2016.

7. Issue of 1,000,000,000 ordinary shares at a price of £0.00025 (0.025 pence) per share, as announced to the ASX on 2 September 2016.

8. Issue of 1,000,000,000 unlisted options on the basis of one free option per one share subscribed for under (b). Each option is exercisable for

9. £0.0005 (0.05 pence) for one share, with an expiry date of 7 April 2019.

10. Principal terms of the +securities (eg, if options, exercise price and expiry date; if partly paid

    +securities, the amount outstanding and due dates for payment; if+convertible securities, the conversion price and dates for conversion)

11. Yes.

12. Yes.

13. No. The securities will rank equally with ordinary shares upon exercise of the options (if the option holders elect to do so).

14. Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities?

    If the additional securities do not rank equally, please state:

    • the date from which they do

    • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment

    • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

    • N/A

    • Ordinary shares £0.00025 (0.025 pence) per share.

    • Unlisted options Nil consideration. Issued on the basis of one free option per one share subscribed for under (b)

15. Issue price or consideration

    Funds raised from the issue will enable the Company to progress its Molyhil tungsten project. The Placing will also provide the Company with additional working capital.

    Purpose of the issue

    (If issued as consideration for the acquisition of assets, clearly

16. identify those assets)

    Yes

    Is the entity an +eligible entity that has obtained security holder approval under rule 7.1A?

    6a

    If Yes, complete sections 6b ­ 6h in

    relation to the +securities the subject of this Appendix 3B, and comply with section 6i

    26 November 2015

    The date the security holder resolution under rule 7.1A was passed

    6b

    N/A

    Number of +securities issued without security holder approval under rule 7.1

    6c

    N/A

    Number of +securities issued with security holder approval under rule 7.1A

    6d

17. N/A

18. 1,000,000,000 Ordinary shares.

19. 1,000,000,000 Unlisted options.

20. Meeting date 6 October 2016.

    Number of +securities issued with security holder approval under rule 7.3, or another specific

    6e security holder approval (specify date of meeting)

    N/A

    Number of securities issued under an exception in rule 7.2

    6f

    N/A

    If securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated

    6g under rule 7.1A.3? Include the issue date and both values.

    Include the source of the VWAP calculation.

    N/A

    If securities were issued under rule 7.1A for non­cash consideration, state date on which valuation of

    6h consideration was released to ASX Market Announcements.

    Refer attached Annexure 1

    Calculate the entity's remaining issue capacity under rule 7.1 and rule 7.1A ­ complete Annexure 1

    6i and release to ASX Market Announcements

21. Transfers: 5 September 2016 to 7 October 2016.

22. 7 October 2016 (in the UK)

23. 7 October 2016 (in the UK)

24. Dates of entering +securities into uncertificated holdings or despatch of certificates

    Number	+Class
    1,976,717,019	Ordinary Shares quoted by ASX ("THR" as CDIs) as at 7 October 2016.

25. Number and +class of all +securities quoted on ASX (including the securities in section 2 if applicable)

26. Number and +class of all +securities	7,136,387,510	Ordinary Shares admitted to the
    not quoted on ASX (including the		AIM Market of the London
    securities in section 2 if applicable)	Stock Exchange, as at 7
    	October 2016.
    	Unlisted Options:
    	0.05 pence unlisted warrants
    	1,200,000,000	expiring 1 December 2018.
    	0.05 pence unlisted warrants
    	400,000,000	expiring 5 March 2019.
    	0.05 pence unlisted warrants
    	1,000,000,000	expiring 7 April 2019.

    9

    No Policy

    10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)

    Part 2 ‑Bonus issue or pro rata issue ­ Not Applicable

    Part 3 ‑Quotation of securities

    You need only complete this section if you are applying for quotation of securities

27. Type of securities (tick one)

28. ü Securities described in Part 1

29. All other securities

30. Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

    Entities that have ticked box 34(a) Additional securities forming a new class of securities

    Tick to indicate you are providing the information or documents

31. If the +securities are +equity securities, the names of the 20 largest holders of the additional +securities, and the number and percentage of additional +securities held by those holders

32. If the +securities are +equity securities, a distribution schedule of the additional

    +securities setting out the number of holders in the categories 1 ­ 1,000

    1,001 ­ 5,000

    5,001 ­ 10,000

    10,001 ­ 100,000

    100,001 and over

33. A copy of any trust deed for the additional +securities

34. Entities that have ticked box 34(b)

    Number of securities for which

    38 +quotation is sought