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TORONTO - Thor Explorations Ltd. (TSXV:THX), a Canadian mineral exploration company, announced today the appointment of Mr. Franklin Edochie to its Board of Directors. The appointment is contingent upon the customary regulatory due diligence by the company’s Nominated Adviser.
Mr. Edochie, currently acting Head of Metals and Mining at the Africa Finance Corporation (AFC), brings to Thor 18 years of experience in transactions totaling over $3 billion, which includes significant work in precious metals and mining projects across Africa. He is set to replace Mr. Osam Iyahen, who has served on the board since 2021 as the AFC’s nominee.
Segun Lawson, President & CEO of Thor, expressed gratitude to Mr. Iyahen for his contributions during a critical phase of the company’s growth, which included the completion of the Segilola Gold Mine in Nigeria, achieving commercial production, and the profitable gold production that allowed for the repayment of the senior debt facility with AFC.
The company anticipates that Mr. Edochie’s expertise will strengthen the board’s capabilities as Thor aims to expand its presence in the West African gold production sector. The formalization of Mr. Edochie’s board membership awaits approval from both the TSX Venture Exchange and the London Stock Exchange (LON:LSEG).
Thor Explorations Ltd. is involved in the acquisition, exploration, and development of mineral properties in Nigeria, Senegal, and Côte d’Ivoire. The company holds a 100% interest in the Segilola Gold Project in Nigeria, which began mining operations in 2021, and a 70% interest in the Douta Gold Project in Senegal. Shares of Thor are publicly traded on the TSX Venture Exchange under the ticker symbol "THX."
This news is based on a press release statement from Thor Explorations Ltd.
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