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TORONTO - Thor Explorations Ltd. (TSXV/AIM:THX), a mineral exploration company, today announced an update regarding the currency options for its upcoming dividend payments due to administrative complications. The company had previously offered shareholders the option to elect their preferred currency for receiving dividends, but this has now been retracted.
Shareholders who hold Depository Interests in London will receive their dividends in British Pounds through the CREST system. Those with registered holdings through Canadian nominees or brokerages will be paid in Canadian Dollars by cheque. Other certificated shareholders on the Canadian register will receive their payments directly from the company, either via direct deposit or cheque.
The announcement of the exchange rate for Foreign Designated currencies is scheduled for May 15, 2025, with the payment date following on May 16, 2025.
Thor Explorations specializes in the acquisition, exploration, development, and production of mineral properties in Nigeria, Senegal, and Burkina Faso. The company holds a 100% interest in Nigeria’s Segilola Gold Project and a 70% economic interest in the Douta Gold Project in southeastern Senegal.
This update is based on a press release statement from Thor Explorations Ltd.
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