December 29, 2017 / 2:07 PM / 8 months ago

BRIEF-Thor Explorations Announces Granting Of 4 New Licences In Nigeria

Dec 29 (Reuters) - Thor Explorations Ltd:

* THOR EXPLORATIONS LTD. ANNOUNCES THE GRANTING OF 4 NEW LICENCES IN NIGERIA AND NEW PRIVATE PLACEMENT

* THOR EXPLORATIONS LTD - CO TO ISSUE UP TO 25 MILLION COMMON SHARES AT $0.17 PER COMMON SHARE IN NON-BROKERED PRIVATE PLACEMENT

* THOR - TO USE PROCEEDS FOR SEGILOLA GOLD PROJECT, CONTINUE ACTIVITIES ON SEGILOLA MINING, EXPLORATION LICENSES, FURTHER DRILLING AT MAKOSA PROSPECT

* THOR - TO ALSO USE PROCEEDS FOR PRELIMINARY EXPLORATION ON NEW LICENSES IN NIGERIA Source text for Eikon: Further company coverage:

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