The Directors of Thor Mining PLC’ (“Thor”) (AIM, ASX:THR) are pleased to announce completion of a significant step in the acquisition of the Pilot Mountain tungsten project, in the US state of Nevada, from Black Fire Minerals Limited ("Black Fire")
(ASX:BFE) (termed the “Acquisition”).
As announced on 16 September 2014, Thor had executed a formal Share Sale and Purchase Agreement for the Acquisition, subject to a number of conditions precedent, including approval by shareholders of Black Fire. That approval was granted at a General Meeting of Black Fire shareholders on 23 October 2014. Documentation relating to the proposed acquisition is being finalised and a further announcement on final completion will be made as soon as practicable.
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