Thor Explorations Ltd.

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Thor Explorations Ltd. announces that it intends to raise up to approximately US$10 million and in cooperation with certain shareholders place up to approximately US$5 million of previously issued stock via a best efforts brokered private placement. The private placement will consist of up to 40 million units with each unit comprising up to 2 common shares issued from Treasury at a price of C$0.18 per share and up to 1 [...]

Thor Explorations Ltd. announces that as a result of the COVID-19 pandemic it will be relying on the coordinated relief provided by the securities regulators for an extension to the deadline for certain periodic filings. The Canadian Securities Administrators granted blanket relief for all market participants, providing up to a 45-day extension for periodic filings normally required to be made on or before June 1, 2020 [...]

AFC Equity Investments Limited, Mauritius a wholly-owned subsidiary of Africa Finance Corporation, a multilateral development finance institution, announced today that it has completed a subscription for 28,215,750 common shares of Thor Explorations Ltd. by way of a private placement at a price of CA$0.20 per common share, for an aggregate subscription amount of CA$5,643,150. AFC Equity also acquired 33,329,480 common [...]

Thor Explorations Ltd. is pleased to announce that it has closed its previously announced non-brokered private placement of 28,215,750 common shares of the Company with the Africa Finance Corporation for gross proceeds of C$5,643,150 to reach full funding of the Segilola Gold Project in Nigeria . The Company is also pleased to announce the issuance of 34,750,000 Common Shares against US$5,000,000 of invoices under its EPC [...]

Thor Explorations Ltd. is pleased to announce that it has executed its definitive documents with the Africa Finance Corporation to reach full funding of the Segilola Gold Project in Nigeria and has made the Final Investment Decision to proceed with construction of the Project. The Company has decided to proceed with construction, following the implementation of Covid-19 procedures at the Project, established in accordance [...]

Thor Explorations Ltd. announces that the TSX Venture Exchange has accepted filing of the Company’s Stock Option Plan . The Plan reserves a fixed number of shares, 44,900,000, being less than 10% of the Company’s issued shares. The Company also announces the grant of 14,250,000 stock options under the terms of the Plan to directors and officers and group consultants of the Company. The options were granted at [...]

Thor Explorations Ltd. is pleased to announce that its wholly owned subsidiary Segilola Gold Limited has acquired two key exploration licences adjacent to the Segilola Project. The Company is also pleased to provide an update on its ongoing regional reconnaissance stream sediment sampling program where it has identified several encouraging anomalies and also the identification of a potentially significant anomaly in near [...]

Thor Explorations Ltd. is pleased to announce that it has closed its previously announced private placement , raising gross proceeds of C$15,733,850 through the issuance of 78,669,250 Common Shares at a price of C$0.20 per Common Share. The Tranche 1 Closing includes proceeds of US$6,750,000 from Africa Finance Corporation , the leading infrastructure solutions provider in Africa. Pursuant to the Subscription Agreement [...]

Thor Explorations Ltd. announces that further to its news releases dated August 19, 2019, the Company’s proposed private placement is continuing and an extension of 30 days to close the offering has been granted by the TSX Venture Exchange. The Offering is subject to the acceptance of the TSX Venture Exchange. About Thor Thor Explorations Ltd. is a Canadian mineral exploration company engaged in the acquisition [...]