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2011

African Star Resources Incorporated
Acquisition

In August 2011 we acted for African Star Resources Incorporated in connection with the acquisition by Thor Explorations Ltd. of all of the issued and outstanding shares of African Star. Pursuant to the terms of a share purchase agreement entered into between Thor, African Star and the shareholders of African Star, all of the issued and outstanding shares of African Star were exchanged for 16,745,795 common shares of Thor, having a value of approximately $2.7 million. African Star is a private British Virgin Islands Company which is party to an agreement pursuant to which it has the option to acquire a 70% interest in the Douta Gold Project located in southeast Senegal. Thor’s shares are listed on the TSX Venture Exchange under the symbol THX.