Thor Mining PLC THR Australian Securities Exchange Waiver

  Thor Mining PLC (THR) - Australian Securities Exchange Waiver

RNS Number : 8308P
Thor Mining PLC
30 October 2012




                               THOR MINING PLC

                                      

                    Australian Securities Exchange Waiver

                                      

Dated: 30 October 2012



Thor Mining  Plc ("Thor"  or "the  Company") (AIM,  ASX: THR)  has received  a 
waiver from  the Australian  Securities Exchange  ("ASX") in  relation to  the 
requirement to lodge Appendix 3Bs relating to the net change in the numbers of
CDIs issued in the  Australian market. The Company  has announced details  of 
the waiver to the ASX and that announcement is set out below.



Enquiries:



Mick Billing        +61  (8)   7324 Thor Mining PLC         Executive Chairman
                    1935

                    
Allan Burchard      +61  (8)   7324 Thor Mining PLC         CFO/Company
                    1935                                    Secretary

                    
Gerry Beaney/ David +44 (0) 207 383 Grant Thornton          Nominated Adviser
Hignell             5100            Corporate Finance

                                   
Nick Emerson/       +44 (0) 1483    Simple Investments      Broker
                    413500
Renato Rufus                        
Alex Walters/       +44 (0) 7771    Cadogan PR              Financial PR
                    713608
Lavinia Fiamma
                    +44 (0) 207 839
                    9260



Updates on the  Company's activities  are regularly posted  on Thor's  website 
www.thormining.com, which includes  a facility  to register  to receive  these 
updates by email.





Company Announcement









Company Announcements Office,

ASX Securities Limited,

20, Bridge Street,

Sydney, N.S.W. 2000



ASX Waiver in relation to lodgement of Appendix 3Bs



Thor Mining Plc ("Thor" or "the Company") (AIM, ASX:THR) notes the favorable
decision by ASX in response to Thor's application for a waiver of ASX Listing
Rule 2.4 and ASX Listing Rule 2.8 in relation to the lodgement of Appendix 3Bs
relating to the net change in the number of CDIs issued in the Australian
market.



The full text of the ASX decision, dated 29 October 2012, is extracted below.



"ASX Limited has considered the Company's application and decided as follows:



DECISION



1. Based solely on the information provided, ASX Limited ("ASX")
grants Thor Mining PLC (the "Company") the following waivers:



1.1. A waiver from listing rule 2.4 to the extent necessary to permit
the Company to only apply for quotation of those CHESS Depositary Interests
("CDIs") issued over its fully paid ordinary shares into the Australian
market.

1.2. A waiver from listing rule 2.8 to the extent necessary to allow
the Company not to apply for quotation of CDIs which are issued as a result of
holders of ordinary shares in the Company converting their shares to CDIs,
within 10 business days of issue of those CDIs.



2. The waivers in resolutions 1.1 and 1.2 are subject to the
following conditions:



2.1. The Company applies for quotation of CDIs issued into the
Australian market on a monthly basis, and the Company provides to the market a
monthly update of the net changes in the number of CDIs that are quoted on
ASX.

2.2. The Company immediately releases full details of these waivers
to the market."





The decision by ASX to grant the waivers will minimise the administrative
burden on the Company, while maintaining maximum market transparency and
certainty.





For further information, please contact:





THOR MINING PLC



Mick Billing Allan Burchard

Executive Chairman Company Secretary

+61 8 7324 1935 +61 8 7324 1935





                     This information is provided by RNS
           The company news service from the London Stock Exchange

END


MSCBKKDPFBDKDKN -0- Oct/30/2012 08:52 GMT