NEWS RELEASE
NOT FOR
DISSEMINATION IN THE UNITED STATES OR FOR
DISTRIBUTION TO U.S. WIRE SERVICES
|
January 30, 2025
|
TSXV/AIM: THX
|
THOR EXPLORATIONS ANNOUNCES BOARD
CHANGE
Thor Explorations Ltd. (TSX VENTURE: THX)
("Thor" or the
"Company") announces a
change to the Company's Board of Directors.
The Company is pleased to announce the
appointment, subject to completion of normal regulatory due
diligence by the Company's Nominated Adviser, of Mr. Franklin
Edochie to its Board of Directors.
Mr. Edochie is the acting Head of Metals and
Mining at the Africa Finance Corporation ("AFC") and has 18 years'
experience in originating, advising, structuring and executing
transactions exceeding $3 billion; including $1.24 billion in
precious metals, mining and infrastructure projects across
Africa.
Mr Edochie has been selected by the AFC to
replace Mr Osam Iyahen as their representative on Thor's Board of
Directors. Mr Iyahen joined the Board in 2021 as the nominee from
the AFC.
Segun Lawson, President & CEO,
stated:
"On behalf of
the Company I would like to thank Osam for his significant
contribution to the Company through a period of growth and
development, where we completed construction of the Segilola Gold
Mine in Osun State, Nigeria, achieved commercial production and
have since profitably and responsibly produced gold for three
years, during which we fully repaid our senior debt facility with
AFC.
"We wish Osam
all the best for his future endeavours.
"We are also
delighted to welcome Franklin Edochie to Thor's Board of
Directors who brings significant expertise and experience in mining
projects across Africa and will further strengthen the Company's
board as the Company aims to grow to be a west African mid-tier
gold producer. We look forward to working with
Franklin."
Franklin's appointment is subject to the
approvals of the TSX Venture Exchange and the London Stock
Exchange.
About Thor
Thor Explorations Ltd. is a Canadian
mineral exploration company engaged in the acquisition, exploration
and development of mineral properties located in Nigeria, Senegal
and Cote d'Ivoire. Thor holds a 100% interest in the Segilola Gold
Project located in Osun State of Nigeria. Mining and production
commenced at Segilola in 2021. Thor holds a 70% interest in the
Douta Gold Project located in south-eastern Senegal. Thor trades on
the TSX Venture Exchange under the symbol "THX".
For further
information please contact:
Thor
Explorations Ltd
Email:
info@thorexpl.com
Canaccord
Genuity (Nominated Adviser & Broker)
James Asensio / Henry Fitzgerald-O'Connor /
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
Yellow Jersey PR (Financial
PR)
Charles Goodwin / Shivantha
Thambirajah / Zara McKinlay
Tel: +44 (0) 20 3004
9512
BlytheRay
(Financial
PR)
Tim Blythe / Megan Ray / Said
Izagaren
Tel: +44 207 138 3203
