Thor Exploration Ltd. announces that further to its news releases dated April 30, 2019, June 17, 2019 and July 17, 2019, the Company will not proceed with the proposed private placement, as the 45-day period, as extended from time to time, to close the private placement from the date of the original announcement has expired. However, the Company still intends to complete, and hereby announces, a private placement of up to [...]
Thor Exploration Ltd. announces that further to its news releases dated April 30, 2019 and June 17, 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. Further to the Company receiving Africa Finance Corporation board approval for the US$78 [...]
Thor Exploration Ltd. announces that the board of directors of the Company has approved the following amendments to 10,250,000 stock options granted to officers and group consultants of the Company under its stock option plan. Original Terms Amended Terms 9,750,000 options $0.12 exercise price Expiry rate – January 16, 2020 9,750,000 options $0.12 exercise price Expiry rate – January 16, 2022 500,000 options [...]
Thor Exploration Ltd. announces that further to its news release dated April 30, 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. Further to the Company receiving Africa Finance Corporation board approval for the US$78 million finance [...]
In a release issued under the same headline earlier today by Thor Explorations Ltd. , please note in the fourth and sixth paragraphs of the release, the year 2018 should be 2019. The corrected release follows: Thor Explorations Ltd. is pleased to announce it has signed the engineering, procurement and construction contract with Norinco International Cooperation Limited for its 100% owned Segilola Gold Project, Nigeria [...]
Thor Explorations Ltd. is pleased to announce it has signed the engineering, procurement and construction contract with Norinco International Cooperation Limited for its 100% owned Segilola Gold Project, Nigeria . The EPC Contract was signed on the 31st May during the 10th International Infrastructure Investment and Construction Forum in Macao, China. The EPC Contract has been agreed on a lump sum turnkey basis which [...]
Thor Explorations Ltd. is pleased to announce the appointment of Mr Michael Kelly as General Manager at its 100% owned Segilola Gold Project in Nigeria. Michael Kelly is a mining engineer with over thirty years experience and a proven track record in developing mining projects from feasibility though Engineering Procurement and Construction to production and also has a proven track record in operations and leadership. Mr [...]
Thor Explorations Ltd. announces commencement of a private placement of up to 100,500,000 Common Shares of the Company at a price of $0.20, for aggregate gross proceeds of up to $20,100,000 . The net proceeds of the Offering shall be used primarily for development of the Company's Segilola Gold Project in Nigeria , further exploration in Nigeria and at the Company’s Douta Project in Senegal, and for general [...]
Figure 1: Cross section showing results for SGRC007 Figure 2: Cross section showing results for SGTR001 Figure 3: Geochemical and Drilling Location Plan Figure 4: Regional map showing location of EL28801 and EL28802 in blue Thor Explorations Ltd. is pleased to provide an update on recent exploration and development programs comprising additional infill drilling, trench sampling, drillhole sampling and soil geochemical [...]
Thor Explorations Ltd. is pleased to announce it has received a commitment from Norinco International Cooperation Limited for 10% financing of the lump-sum turnkey, engineering, procurement and construction contract value awarded to Norinco International for the development of the Company’s 100% owned Segilola Gold Project in Nigeria . This follows the announcement of Investment Committee approval for US$78 million [...]
Thor Explorations Ltd. is pleased to announce it has received investment committee approval from and executed an agreed term sheet with the Africa Finance Corporation for a US$78 million financing package for the construction and ramp-up of its 100% owned Segilola Gold Project in Nigeria . This follows the completion of the Project Definitive Feasibility Study announced on 4th February 2019. The financing is subject to [...]
Thor Explorations Ltd. announces that it has filed an independent National Instrument 43-101 Technical Report supporting the Definitive Feasibility Study for the Segilola Gold Project in Nigeria reported in the Company’s news release dated February 4, 2019 entitled “Thor Explorations completes robust Definitive Feasibility Study for the Segilola open pit Gold Project and positive preliminary economic [...]
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