May 12 (Reuters) - Thor Explorations Ltd THX.V :
* Thor increases size of private placement
* Under terms of offering, company proposes to issue up to 16 million common shares
* Increase maximum size of private placement from $2 million to $2.4 million
* Company intends to use proceeds of offering to continue its exploration activities on Segilola Project
* Has elected to increase price per common share of private placement from $0.145 per common share to $0.15 per common share Source text for Eikon: ID:nCCN4ZMfHC Further company coverage: THX.V