Cash proceeds of A$2.0 million have been received by Thor Mining Plc (“Thor”) (AIM, ASX:THR) as the Company completes the first tranche of the sale of its 100% owned Spring Hill Gold Project in the Northern Territory of Australia.
Thor is selling Spring Hill to the private Australian company, PC Gold Pty Ltd (“PC Gold”), for A$3.5 million, plus royalties, originally announced on 16 December 2015.
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