Dec 29 (Reuters) - Thor Explorations Ltd THX.V :
* 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