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Thor plans US$10M raising

Thor Explorations has announced plans to raise millions for further drilling around its fully-funded Segilola development, which is under construction in Nigeria and due to start production next year.

Staff reporter
The construction camp at Thor Exploration’s Segilola development in Nigeria

The construction camp at Thor Exploration’s Segilola development in Nigeria

Thor said it intended to raise up to US$10 million and "in cooperation with certain shareholders" place up to $5 million of previously issued stock via a best efforts brokered private placement. It...

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