NEWS RELEASE
NOT FOR
DISSEMINATION IN THE UNITED STATES OR FOR
DISTRIBUTION TO U.S. WIRE SERVICES
|
24 May, 2024
|
TSXV/AIM: THX
|
Mandatory Resignation of Auditor
Thor Explorations Ltd. (TSXV / AIM: THX)
("Thor Explorations",
"Thor" or the "Company") announces that BDO (UK) LLP
("BDO"), the Company's
auditors since October 2017 have notified the Board of Thor of its
decision to resign in relation to the Company and its
subsidiaries.
BDO has confirmed that the reason for the resignation
is due to a regulatory requirement in British Columbia, Canada
which requires that locally registered companies retain a British
Columbia registered auditor.
The Board is of the opinion that there were no
"reportable events" as defined by section 4.11 of National
Instrument 51 - 102 - Continuous Disclosure Obligations, which
occurred in connection with the audit of the two most recently
completed fiscal years or for any period subsequent to the most
recently completed fiscal period for which an Auditors' Report was
issued.
The process to appoint a new independent auditor for
the Company is already underway and further announcements will be
made in due course.
About Thor
Explorations
Thor Explorations Ltd. is a mineral exploration
company engaged in the acquisition, exploration, development and
production of mineral properties located in Nigeria, Senegal and
Burkina Faso. Thor Explorations 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. Thor Explorations trades on AIM and the TSX
Venture Exchange under the symbol "THX".
THOR EXPLORATIONS LTD.
Segun Lawson
President & CEO
For further
information please contact:
Thor Explorations Ltd
Email: info@thorexpl.com
Canaccord Genuity (Nominated Adviser &
Broker)
Henry Fitzgerald-O'Connor / James Asensio / Harry
Rees
Tel: +44 (0) 20 7523 8000
Hannam & Partners (Broker)
Andrew Chubb / Matt Hasson / Jay Ashfield / Franck
Nganou
Tel: +44 (0) 20 7907 8500
BlytheRay (Financial
PR)
Tim Blythe / Megan Ray / Said Izagaren
Tel: +44 207 138 3203
Yellow Jersey PR (Financial
PR)
Charles Goodwin / Shivantha
Thambirajah / Zara McKinlay
Tel: +44 (0) 20 3004
9512
