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Thor retrying C$20.1M share placement after previous offer lapsed

Thor Explorations Ltd. said Aug. 19 that it will not proceed with its proposed private placement to raise C$20.1 million announced in April as the date of closing has expired. It announced a new placement on the same terms.

It plans to use proceeds to develop the Douta project in Senegal, for further exploration at the Segilola gold project and in Nigeria, and for general corporate purposes.