Share Purchase Plan
Sydney, Nov 9, 2015 AEST (ABN Newswire) - Thomson Resources Ltd (
ASX:TMZ) (the "Company" or "Thomson") refers to the share placement announced on 3 November 2015 at an issue price of 5.0 cents per share which raised $95,000 ("Placement").
The Company is pleased to announce that it proposes to undertake a share purchase plan ("SPP") which will provide existing eligible shareholders on Thomson's' register at 7pm (Sydney time) on 6 November 2015 with registered addresses in Australia and New Zealand with the opportunity to apply for up to A$15,000 worth of Thomson ordinary shares at the same price as the Placement being 5.0 cents per share, without incurring brokerage or other transaction costs.
Full details of the SPP will be sent to eligible shareholders shortly.
The purpose of the Placement and SPP is to raise funds to progress drilling at the Company's Bygoo tin project where outstanding drill results including 35m at 2.1% Sn, 10m at 2.0% Sn and 13m at 1.0% Sn have been returned from shallow depths in recent drilling (detailed in Thomson's quarterly report for September 2015). The new drilling will be targeted to establish the true width of these mineralised greisens and to extend the footprint of the mineralised zone. In addition it is proposed to test the Smith's workings which occur 400m south of Thomson's drilling at Bygoo North.
To view the timetable and other information, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-TMZ-890432.pdf
About Thomson Resources Ltd
Thomson Resources Ltd (ASX:TMZ) is an NSW active mineral explorer. Thomson has several tin projects (including an advanced project near Ardlethan), as well as gold, copper and zinc targets in a range of settings. Thomson has a good record of discovery, with multiple new Intrusion-Related Gold (gold with copper, lead, zinc, molybdenum, tungsten) systems discovered in the Thomson Fold Belt in the NW of the state.
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