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MarketScreener Homepage  >  Equities  >  TSX VENTURE EXCHANGE  >  Thor Explorations Ltd.    THX   CA8851491040

THOR EXPLORATIONS LTD.

(THX)
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Thor Explorations Clarifies Vox Royalty Corp. Announcement

07/13/2020 | 08:43am EST

Thor Explorations Ltd. (TSX VENTURE: THX) ('Thor' or the 'Company') refers to the press release made today by Vox Royalty Corp (TSXV: VOX) regarding the acquisition of a royalty in the Company's Segilola Gold Project.

Thor would like to clarify that it has not entered into any new royalty agreements. The Company has a prior royalty agreement with RTG Mining (TSX: RTG) which RTG received in consideration for the sale of the Segilola Gold Project in Nigeria to Thor in August 2016 and today received notice that RTG Mining entered into a sale agreement of that royalty with Vox Royalty Corp. The Company has not entered into any discussions or agreements with Vox Royalty Corp. Thor understands that RTG Mining is anticipating closing the deal with Vox subject to completion of transaction documents.

About Thor

Thor Explorations Ltd. is a Canadian mineral exploration company engaged in the acquisition, exploration and development of mineral properties located in Nigeria, Senegal and Burkina Faso. Thor holds a 100% interest in the Segilola Gold Project located in Osun State of Nigeria and a 70% interest in the Douta Gold Project located in south-eastern Senegal. Thor also holds a 49% interest in the Bongui and Legue gold permits located in Hounde greenstone belt, south west Burkina Faso. Thor trades on the TSX Venture Exchange under the symbol 'THX'.

Cautionary Note Regarding Forward-Looking Statements

Except for the statements of historical fact contained herein, the information presented constitutes 'forward looking statements' within the meaning of certain securities laws, and is subject to important risks, uncertainties and assumptions that could cause the actual results of the Company to differ materially form the forward-looking statements. Such forward-looking statements, including but not limited to, the use of proceeds from the Offering, the closing of the second tranche of the private placement, the potential of the Segilola Gold Project, the advancement of the Douta Project, and gold production. The words 'may', 'could', 'should', 'would', 'suspect', 'outlook', 'believe', 'anticipate', 'estimate', 'expect', 'intend', 'plan', 'target' and similar words and expressions are used to identify forward-looking information. The forward-looking information in this news release describes the Company's expectations as of the date of this news release and accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time.

Contact:

Tel: +44 207 138 3203

(C) 2020 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
RTG MINING INC. 0.00% 0.175 Delayed Quote.-14.63%
THOR EXPLORATIONS LTD. 0.00% 0.2 Delayed Quote.11.11%
VOX ROYALTY CORP. -0.94% 3.15 Delayed Quote.6.00%
All news about THOR EXPLORATIONS LTD.
2020Vox Completes Acquisition of Brits Royalty and Notes Production and Developme..
AQ
2020THOR EXPLORATIONS : Announces Remaining In Pit Drill Results at Segilola, Nigeri..
AQ
2020THOR EXPLORATIONS : Announces First Drawdown of Project Finance Senior Debt Faci..
AQ
2020THOR EXPLORATIONS : Announces Commencement of 10,000 Metre RC Drilling Program a..
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2020THOR EXPLORATIONS : Announces Encouraging Initial In-Pit Infill Drill Results At..
AQ
2020THOR EXPLORATIONS : Announces Encouraging Initial In-Pit Infill Drill Results at..
AQ
2020THOR EXPLORATIONS : Announces Construction Update at Segilola Gold Mine
AQ
2020THOR EXPLORATIONS : Announces Results of Auger Drilling Program Revealing Zones ..
AQ
2020THOR EXPLORATIONS : Announces Strong Initial Segilola Infill Drilling Results an..
AQ
2020THOR EXPLORATIONS : Closes First Tranche Private Placement Raising $12.5M
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More news
Financials
Sales 2019 - - -
Net income 2019 -4,89 M -3,84 M -3,84 M
Net cash 2019 5,31 M 4,17 M 4,17 M
P/E ratio 2019 -11,6x
Yield 2019 -
Capitalization 124 M 97,7 M 97,6 M
EV / Sales 2018 -
EV / Sales 2019 -
Nbr of Employees -
Free-Float 74,3%
Chart THOR EXPLORATIONS LTD.
Duration : Period :
Thor Explorations Ltd. Technical Analysis Chart | THX | CA8851491040 | MarketScreener
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 1
Average target price 0,50 CAD
Last Close Price 0,20 CAD
Spread / Highest target 150%
Spread / Average Target 150%
Spread / Lowest Target 150%
Managers and Directors
NameTitle
Olusegun Lawson President, CEO & Non-Independent Director
Adrian John Geoffrey Coates Non-Executive Chairman
Benjamin James Hodges Chief Financial Officer
Kayode Aderinokun Independent Non-Executive Director
Folorunso Dada Adeoye Independent Non-Executive Director
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