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Bullboard - Stock Discussion Forum Thor Explorations Ltd V.THX

Alternate Symbol(s):  THXPF

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.... see more

TSXV:THX - Post Discussion

Thor Explorations Ltd > News out ! - THOR Announces Exercice of Warrants
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Post by Goldenboy1180 on Jun 14, 2021 11:16am

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
Comment by Tree2tree on Jun 14, 2021 2:06pm
It just means the share price is going up.  Nothing to do with dividends, which THX is not likely to pay any time soon.  THX is a company that you buy for share price appreciation, not dividends.
Comment by Goldenboy1180 on Jun 14, 2021 2:13pm
Sounds logical.  Thanks. But why would they exercice them and invest now, if it's not to sell them shortly ? Goldenboy
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