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Theta Gold Mines ( (AU:TGM) ) has shared an update.
Theta Gold Mines Limited has issued over 106 million new ordinary shares following an institutional placement and the first tranche of a two-tranche placement to cornerstone investors. This move is part of the company’s strategy to raise capital, potentially strengthening its financial position and enabling further development of its gold projects.
More about Theta Gold Mines
Theta Gold Mines Limited operates in the mining industry, focusing on gold exploration and development. The company is primarily engaged in the acquisition and development of gold projects in South Africa, aiming to become a sustainable gold producer.
Average Trading Volume: 489,109
Technical Sentiment Signal: Buy
Current Market Cap: A$211.4M
For an in-depth examination of TGM stock, go to TipRanks’ Overview page.