Thor Explorations board of directors has approved an advance notice policy effective May 31. The purpose of the Policy is to provide a clear framework for nominating directors of the Company; which will facilitate an orderly and efficient process for nomination and election of directors at annual or special general meetings of shareholders. The Policy includes a process that requires advance notice to the Company in [...]
Thor Explorations is pleased to announce the closing of a non-brokered private placement as announced on April 30, 2013. Gross proceeds of $1,554,173 were raised pursuant to the private placement and the Company intends to use the proceeds for exploration activities and working capital purposes. Under the terms of the private placement, the Company issued 9,713,583 common shares ("Common Shares") at a price of $0.16 per [...]
Thor Explorations is pleased to announce a proposed non-brokered private placement. Under the terms of the private placement, the Company proposes to issue up to 10,000,000 common shares at a price of $0.16 per Common Share for gross proceeds of up to $1,600,000. The Company intends to pay $28,480 as finders' fees to third party finders. The private placement is subject to all necessary regulatory approvals, including the [...]
Thor Explorations is pleased to announce that its wholly-owned subsidiary, African Star Resources Incorporated, has exercised its option to acquire an 85% interest in the Bongui and Legue gold permits located in Houndé greenstone belt, south west Burkina Faso, pursuant to the terms of an option agreement between African Star and AFC Constelor Panafrican Resources SARL ("AFC Constelor") and Constelor Panafrican Resources [...]
Thor is pleased to announce the closing of a non-brokered private placement. Gross proceeds of $293,982 were raised pursuant to the private placement and the Company intends to use the gross proceeds for exploration activities and working capital purposes. Under the terms of the private placement, the Company issued 1,837,384 Common Shares at a price of $0.16 per Common Share. The Common Shares issued pursuant to the [...]
Thor Explorations is pleased to announce full results for the Scout Diamond Drilling Campaign at the Makosa Prospect, Senegal. The first 4 holes drilled on the prospect returned mineralisation in each hole and included 14.8m at 3.55g/t Au from hole MKDD001 (See News Release dated September 10, 2012). This report relates to the remaining 6 holes drilled on the Makosa Prospect, and a further 3 holes drilled on the Fenyon [...]
Thor Explorations is pleased to announce the closing of a non-brokered private placement. Gross proceeds of $224,493 were raised pursuant to the private placement and the Company intends to use the gross proceeds for exploration activities and working capital purposes.
Thor Explorations is pleased to announce preliminary results for the Scout Diamond Drilling Campaign at the Makosa Prospect, Senegal. The results of the first 4 core holes drilled on the project include an intersection of 14.8m at 3.7g/t Au from hole MKDD001. The three other core holes along strike also returned mineralisation. Thor has drilled a further 5 core drill holes for which assay results are still outstanding [...]
Thor Explorations is pleased to announce that it has closed the second tranche of the non-brokered private placement announced July 25, 2012, and has issued 2,261,884 Common Shares at a price of $0.15 per Common Share, raising gross proceeds of $339,283. The Common Shares issued are subject to a 4-month hold period in Canada expiring December 25, 2012. The Company also paid finder's fees on closing of the Private [...]
Thor Explorations is pleased to announce that continuous bedrock mineralisation has been confirmed on the Makosa Prospect in the Douta Project which represents a 2.6km portion of a prospective 13km strike length, with mineralisation open both to the northeast and the southwest of the tested RAB drilling fences.
Thor Explorations intends to complete a new non-brokered private placement of up to 8,400,000 common shares of the Company at a price of $0.15 per Common Share, for aggregate gross proceeds of up to $1,260,000. The Company is pleased to announce that it has closed the first tranche of the Private Placement, and has issued 5,616,103 Common Shares at a price of $0.15 per Common Share, raising gross proceeds of $842,416. The [...]
Thor Explorations is pleased to announce that bedrock mineralisation has been confirmed over a strike length of 2.2km on the Makosa Prospect in the Douta Project. Results for the first approximately 2,801 metres of the 7,900m rotary air blast drilling campaign completed in late March 2012; have now been received. The key findings from this work include;
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