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An announcement from Thor Explorations ( (TSE:THX) ) is now available.
Thor Explorations has awarded 3,826,963 restricted share units to senior management and employees under its long-term incentive plan, with the RSUs vesting in three equal annual tranches starting 2 January 2026, conditional on continued service. Settlement of the first tranche will be made through the issue of 1,275,654 new common shares, which will be admitted to trading on AIM and the TSX Venture Exchange, taking the company’s issued share capital to 666,573,136 shares and marginally diluting existing shareholders while further aligning management incentives with long-term shareholder value.
More about Thor Explorations
Thor Explorations Ltd. is a mineral exploration and production company focused on gold assets in West Africa, with operations and projects in Nigeria, Senegal, Côte d’Ivoire and Burkina Faso. It holds 100% interests in the producing Segilola Gold Project in Nigeria, the Douta Gold Project in Senegal and the Guitry Gold Project in Côte d’Ivoire, and its shares trade on both AIM in London and the TSX Venture Exchange under the symbol THX.
Learn more about THX stock on TipRanks’ Stock Analysis page.