WEST Perth-based Tungsten and Molybdenum explorer, Thor Mining PLC, has launched a $10.5 million IPO on the ASX to raise funds for the completion of a feasibility study and further exploration of new uranium tenements. The company, which is already listed on London’s Alternative Investment Market and the Frankfurt Stock Exchange, will sell 52.5 million shares at 20 cents each, with one free, attaching listed warrant for every two offer shares to raise the money. Thor has agreed to make a priority offer to shareholders in Batavia Mining Ltd, which recently sold its uranium assets to Thor, of 30 million offer shares together with 15 million offer warrants has been set aside for this purpose. Thor chairman John Barr, who is also chairman of Tennant Creek Gold Ltd, said the IPO represented a significant growth step for the company, enabling it to take advantage of a growing demand for uranium and specialty metals.
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15/08/2006 - 22:00
Thor launches $10.5m uranium IPO
15/08/2006 - 22:00
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Rank Company Revenue th Thor Mining $377k 1330 listed non wa companies ranked by revenue.
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