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VANCOUVER, British Columbia - Thor Explorations Ltd. (TSXV/AIM: THX), a mining sector company, has issued a correction regarding its previously announced exercise of share options. The company clarified that the number of share options exercised by contractors was 790,000, not the 700,000 initially reported on January 21, 2025.
The corrected transaction will result in the issuance of an additional 90,000 shares, which are expected to be admitted for trading on the AIM market on January 31, 2025. These new shares will also be listed on the TSX Venture Exchange and will be equivalent in status to the existing common shares.
After the admission of the new shares, Thor Explorations' total issued share capital will amount to 664,334,710 common shares. The company has confirmed that it does not hold any shares in treasury. This information is pertinent for shareholders who need to disclose their interest or any changes to their interest in the company.
The exercise of these options has left Thor Explorations with no outstanding share options. This event marks a significant update for the company's capital structure and is based on a press release statement from Thor Explorations.
Thor Explorations is involved in the acquisition, exploration, and development of mineral properties in Nigeria, Senegal, and Burkina Faso. The company has full ownership of the Segilola Gold Project in Nigeria and a 70% economic interest in the Douta Gold Project in Senegal. Thor Explorations' shares are traded under the ticker symbol "THX" on both the AIM and the TSX Venture Exchange.
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