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An update from Theta Gold Mines ( (AU:TGM) ) is now available.
Theta Gold Mines Limited has announced the issuance of 3,800,000 fully paid ordinary shares following the conversion of unlisted employee options. This move, raising A$456,000, is aimed at advancing the construction of the TGME Gold Mine Project in South Africa, particularly in completing earthworks, civils, and water management systems. The issuance of shares reflects the fulfillment of vesting conditions related to senior staff roles and the board’s decision to mine, indicating progress in the company’s operational goals.
More about Theta Gold Mines
Theta Gold Mines Limited is a company in the mining industry, primarily focused on gold mining. Its main project is the TGME Gold Mine Project located in South Africa.
Average Trading Volume: 364,221
Technical Sentiment Signal: Buy
Current Market Cap: A$238.7M
See more insights into TGM stock on TipRanks’ Stock Analysis page.