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Thor Explorations Ltd V.THX

Alternate Symbol(s):  THXPF

Metals & Mining Gold
Thor Explorations Ltd. is a Canada-based mineral exploration company. The Company is engaged in the acquisition, exploration, development and production of mineral properties located in Nigeria, Senegal and Burkina Faso. It holds a 100% interest in the Segilola Gold Project located in Osun State, Nigeria and has a 70% economic interest in the Douta Gold Project located in south-eastern Senegal. The Company’s flagship project is the gold producing Segilola Gold Project located in Osun State, Nigeria, approximately 120 kilometers (km) northeast of Lagos. The Douta Gold Project is a gold exploration permit, E02038, which covers an area of approximately 58 square kilometers (km2) and is located within the Kenieba inlier, eastern Senegal. The Company also owns approximately 85% interest in the Douta-West Licence which lies contiguous to the Douta Gold Project and over 80% interest in the Sofita Licence located approximately 20 kilometers (kms) south of the Douta Gold Project.


TSXV:THX - Post by User

Thor Explorations Ltd > News out ! - THOR Announces Exercice of Warrants
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Post by Goldenboy1180on Jun 14, 2021 11:16am
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Post# 33381545

News out ! - THOR Announces Exercice of Warrants

News out ! - THOR Announces Exercice of Warrants
Vancouver, British Columbia--(Newsfile Corp. - June 14, 2021) - Thor Explorations Ltd. (TSXV: THX) ("Thor" or the "Company") announces that Sprott Capital Partners has exercised all of its 1,664,534 broker warrants at $0.18 each. Following the warrant exercise the Company now has 623,070,509 Common Shares on issue. The Common Shares issued pursuant to the exercise of options will be subject to a four month and one day holding period expiring on October 9, 2021.


...

I would like to get your comments on this when you can. At your opinion, is it a good or a bad sign when the broker exercise its warrants ?  I would tend to say it's a good sign when the investor beleives the company will declare dividendes in a short period of time, but I would it really hard to beleive in Thor' situation.

Thanks in advance for your thoughts.

GLTYA

Goldenboy
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