Issue of Shares and Appendix 3B

New issue announcement,

application for quotation of additional securities

and agreement

Part 1 ‑ All issues

Part 2 ‑ Bonus issue or pro rata issue - Not Applicable

Part 3 ‑ Quotation of securities

Entities that have ticked box 34(a)

Entities that have ticked box 34(b)

Appendix 3B - Annexure 1

Calculation of placement capacity under rule 7.1 and rule 7.1A for ⁺eligible entities

Part 1

Part 2

Additional securities forming a new class of securities

Quotation agreement

Issue of Shares and Appendix 3B | RNS | Ticker

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RNS Announcement

RNS Number : 3744L

Thor Mining PLC

12 August 2013

Monday 12 August 2013

THOR MINING PLC

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

Issue of Shares and Appendix 3B

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

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	+Class of +securities issued or to be issued			(a) Ordinary shares (b) Chess Depository Interests (CDIs) issued over ordinary shares.

2	Number of +securities issued or to be issued (if known) or maximum number which may be issued			(a) Issue of 56,000 shares as a result of the exercise of warrants on 11 July 2013 thereby increasing the number of shares listed on the AIM market of the London Stock Exchange to 982,870,766 as at 31 July 2013. (b) Transfer of 1,248,231 AIM Listed shares from the AIM Market of the London Stock Exchange to ASX, as CDIs, during the period from 1 June to 31 July 2013.

3	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)			This represents: (a) The issue of 56,000 shares following the exercise of warrants with a maturity date of 30 September 2014 (b) The transfer of 1,248,231 Ordinary shares issued in England (AIM) to CDIs listed on ASX during the months of June and July 2013.

4		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		(a) Yes

5		Issue price or consideration		(a) Issue: 0.7 pence per share, in accordance with the original terms of issue of the unlisted UK warrants. (b) Not Applicable

6		Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets)		(a) Issue in accordance with the terms attaching to the warrants. (b) Transfer of securities from ordinary shares admitted to the AIM market of the London Stock Exchange, to CDIs listed on ASX.

6a		Is the entity an +eligible entity that has obtained security holder approval under rule 7.1A? If Yes, complete sections 6b - 6h in relation to the +securities the subject of this Appendix 3B, and comply with section 6i		Yes

6b		The date the security holder resolution under rule 7.1A was passed		27 November 2012

6c		Number of +securities issued without security holder approval under rule 7.1

6d		Number of +securities issued with security holder approval under rule 7.1A		Nil

6e		Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)		(a) Not Applicable (b)

6f		Number of securities issued under an exception in rule 7.2		Nil

6g		If securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the issue date and both values. Include the source of the VWAP calculation.		N/A

6h		If securities were issued under rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements		N/A

6i		Calculate the entity's remaining issue capacity under rule 7.1 and rule 7.1A - complete Annexure 1 and release to ASX Market Announcements		Refer attached Annexure 1

7			Dates of entering +securities into uncertificated holdings or despatch of certificates	(a) Issue: 11 July 2013 (b) Transfers: From 1 June 2013 to 31 July 2013

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

Type of securities

(tick one)

(a)

Securities described in Part 1 (CDIs only)

(b)

All other securities

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

Tick to indicate you are providing the information or documents

35		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

36		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

37		A copy of any trust deed for the additional +securities

38	Number of securities for which +quotation is sought

39	Class of +securities for which quotation is sought

40	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

41	Reason for request for quotation now Example: In the case of restricted securities, end of restriction period (if issued upon conversion of another security, clearly identify that other security)

		Number	+Class
42	Number and +class of all +securities quoted on ASX (including the securities in clause 38)

1 +Quotation of our additional +securities is in ASX's absolute discretion. ASX may quote the +securities on any conditions it decides.

2 We warrant the following to ASX.

· The issue of the +securities to be quoted complies with the law and is not for an illegal purpose.

· There is no reason why those +securities should not be granted +quotation.

· An offer of the ⁺securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

· Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any +securities to be quoted and that no-one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted.

· If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted.

3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

Sign here: .............................. Date: 12 August 2013

(Company Secretary)

Print name: Allan Burchard

== == == == ==

Introduced 01/08/12

Rule 7.1 - Issues exceeding 15% of capital
Step 1: Calculate "A", the base figure from which the placement capacity is calculated
Insert number of fully paid ordinary securities on issue 12 months before date of issue or agreement to issue	(As at 12 August 2012) 805,883,067
Add the following: • Number of fully paid ordinary securities issued in that 12 month period under an exception in rule 7.2 • Number of fully paid ordinary securities issued in that 12 month period with shareholder approval • Number of partly paid ordinary securities that became fully paid in that 12 month period Note: • Include only ordinary securities here - other classes of equity securities cannot be added • Include here (if applicable) the securities the subject of the Appendix 3B to which this form is annexed • It may be useful to set out issues of securities on different dates as separate line items	Issued 02/10/2012 50,000,000 (Approved 31/10/2012) Placement (14/11/2012) 47,542,856 Employee Remuneration 673,700 Western Desert Resources re Spring Hill consideration 21,666 667 Open Offer issue to: · Australian registered CDI Holders 40,134,818 · UK registered Shareholders 16,913,658 (all approved on 12 April 2013)
Subtract the number of fully paid ordinary securities cancelled during that 12 month period	0
"A"	982,814,766

Step 2: Calculate 15% of "A"
"B"	0.15 [Note: this value cannot be changed]
Multiply "A" by 0.15	147,422,215
Step 3: Calculate "C", the amount of placement capacity under rule 7.1 that has already been used
Insert number of equity securities issued or agreed to be issued in that 12 month period not counting those issued: • Under an exception in rule 7.2 • Under rule 7.1A • With security holder approval under rule 7.1 or rule 7.4 Note: • This applies to equity securities, unless specifically excluded - not just ordinary securities • Include here (if applicable ) the securities the subject of the Appendix 3B to which this form is annexed • It may be useful to set out issues of securities on different dates as separate line items
"C"	0
Step 4: Subtract "C" from ["A" x "B"] to calculate remaining placement capacity under rule 7.1
"A" x 0.15 Note: number must be same as shown in Step 2	147,422,215
Subtract "C" Note: number must be same as shown in Step 3	0
Total ["A" x 0.15] - "C"	147,422,215 [Note: this is the remaining placement capacity under rule 7.1]

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

Ordinary Shares quoted by
ASX ("THR" as CDIs) as at 31 July 2013.

Number and +class of all +securities not quoted on ASX (including the securities in section 2 if applicable)

468,708,041

21,666,667

8,000,000

1,000,000

1,000,000

4,000,000

1,100,000

84,141,088

62,887,808

20,067,431

8,400,833

Ordinary Shares admitted to the AIM Market of the London Stock Exchange, as at 31 July 2013.

Ordinary Shares, held in escrow until 8 April 2014, quoted by ASX (as CDIs) "THR".

4 cent Unlisted Options expiring 24 November 2013 (Held by Directors).

5 cent Unlisted Options expiring 20 December 2013. (Held by Associates).

3.5 cent Unlisted Options expiring 13 June 2014. (Held by Associates).

2.0 pence Unlisted Options expiring 21 June 2015. (Held by Associates).

2.0 cent Unlisted Options
expiring 27 September 2015. (Held by Employees).

0.7428 cent unlisted options expiring 19 March 2016.
(Held by issuer of debt facility).

0.5963 cent unlisted options expiring 3 June 2016.
(Held by issuer of debt facility).

1.05 cent unlisted options expiring 30 September 2014. (Issued to Australian registered CDI holders as a result of 2013 Open offer).

0.07 pence unlisted warrants expiring 30 September 2014. (Issued to UK registered shareholders as a result of 2013 Open offer).

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

Rule 7.1A - Additional placement capacity for eligible entities
Step 1: Calculate "A", the base figure from which the placement capacity is calculated
"A" Note: number must be same as shown in Step 1 of Part 1	982,814,766
Step 2: Calculate 10% of "A"
"D"	0.10 Note: this value cannot be changed
Multiply "A" by 0.10	98,281,476
Step 3: Calculate "E", the amount of placement capacity under rule 7.1A that has already been used
Insert number of equity securities issued or agreed to be issued in that 12 month period under rule 7.1A Notes: • This applies to equity securities - not just ordinary securities • Include here - if applicable - the securities the subject of the Appendix 3B to which this form is annexed • Do not include equity securities issued under rule 7.1 (they must be dealt with in Part 1), or for which specific security holder approval has been obtained • It may be useful to set out issues of securities on different dates as separate line items	0
"E"	0

Step 4: Subtract "E" from ["A" x "D"] to calculate remaining placement capacity under rule 7.1A

"A" x 0.10

Note: number must be same as shown in Step 2

98,281,476

Subtract "E"

Note: number must be same as shown in Step 3

Total ["A" x 0.10] - "E"