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Theta Gold Mines Ltd. ( (AU:TGM) ) has issued an announcement.
Theta Gold Mines Limited has announced the issuance of 30,000,000 fully paid ordinary shares following the conversion of options at an exercise price of $0.12, with an expiry date of March 31, 2025. This strategic move, executed without the need for disclosure under Part 6D.2 of the Corporations Act, reflects the company’s compliance with relevant legal provisions and suggests a potential strengthening of its capital structure, which may impact its operational capabilities and market positioning.
More about Theta Gold Mines Ltd.
Theta Gold Mines Limited operates in the mining industry, focusing on gold exploration and development. The company is primarily engaged in the acquisition, exploration, and development of gold properties in South Africa, aiming to become a significant player in the gold mining sector.
YTD Price Performance: -56.25%
Average Trading Volume: 6,203
Technical Sentiment Signal: Buy
Current Market Cap: $82.89M
Learn more about TGM stock on TipRanks’ Stock Analysis page.