Thor Explorations announces stock option exercise and PDMR trading

Vancouver, British Columbia – (Newsfile Corp. – July 6, 2021) – Thor Explorations Ltd. (TSXV: THX) (AIM: THX) (“Thor Explorations” or the “Company”) gives exercise of stock options over 500,000. known no par value common stock at a price of 12 cents per common share of the company’s registered stock (“New Shares”) by Alfred Gillman, Group Exploration Manager and PDMR, for a total of $ 60,000. The new shares will be treated as equivalent to the existing shares and the admission of the 500,000 new shares to trading on the AIM (“admission”) on July 9, 2021 has been applied for. The New Shares will also be traded on the TSX Venture Exchange.

Upon approval, Thor Explorations’ issued share capital will consist of 623,570,509 common shares. The company does not hold any of its own shares. Shareholders may use numbers as the denominator in the calculations used to determine whether to report their interest in the Company or a change in their interest in the Company.

About Thor Explorations

Thor Explorations Ltd. is a mineral exploration company engaged in the acquisition, exploration and development of mineral properties in Nigeria, Senegal and Burkina Faso. Thor Explorations holds 100% of the shares in the Segilola Gold Project in Osun State in Nigeria and 70% of the economic interests in the Douta Gold Project in southeast Senegal. Thor Explorations is traded on AIM and the TSX Venture Exchange under the symbol “THX”.

For more information please contact:

Thor Explorations Ltd
Email: [email protected]

Canaccord Genuity (nominated advisor and broker)
Henry Fitzgerald-O’Connor / James Asensio / Thomas Diehl

Tel: +44 (0) 20 7523 8000

Hannam & Partner (broker)
Andrew Chubb / Matt Hasson / Nilesh Patel / Franck Nganou

Tel: +44 (0) 20 7907 8500

Fig House Communications (Investor Relations)
Tel: +1 416 822 6483
Email: [email protected]

The story goes on

Blytheweigh (Finance PR)
Tim Blythe / Megan Ray / Rachael Brooks
Tel: +44 207 138 3203

Neither the TSX Venture Exchange nor its regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

This press release does not constitute an offer to buy any securities. The securities to be offered under the offer have not been and will not be registered under the United States Securities Act of 1933, as amended, or any other state securities laws, and may not be registered in or in the United States or for a US Person’s benefit or account, except under an available exemption from such registration requirements.

1.

Information on the person who performs managerial tasks / closely related person

a)

Surname

Alfred Gillmann

2.

Reason for notification

a)

Position / status

Group exploration manager

b)

Initial notification / change

Initial report

3.

Information on the issuer, market participant for emission certificates, auction platform, auctioneer or auction monitor

a)

Surname

Thor Explorations Ltd

b)

LEI

213800AXZ8468CQYVT76

4th

Transaction (s) details: Section to repeat for (i) each type of instrument; (ii) any type of transaction; (iii) any date; and (iv) any location where transactions have been made

a)

Description of the financial instrument, type of instrument
Identification Number

Ordinary shares with no par value

b)

Type of transaction (s)

Acquiring Common Stock by Exercising Options

c)

Price (s) and quantity (s)

Prices)

volume

12 cents

500,000

d)

Aggregated information
– Aggregated volume
– price

Prices)

volume

12 cents

500,000

e)

Date of the transaction

July 6, 2021

f)

Place of transaction

outside of a trading venue

NOT FOR DISTRIBUTION IN OR FOR THE UNITED STATES DISTRIBUTED TO US WIRE SERVICES.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/89389