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Theta Gold Mines ( (AU:TGM) ) has shared an announcement.
Theta Gold Mines Limited has announced the opening of a Share Purchase Plan (SPP) and an offer of free attaching options under an Options Prospectus. The SPP allows eligible shareholders to purchase shares at $0.21 each, the same price offered in a recent private placement that raised A$12 million. Additionally, shareholders participating in the SPP or the private placement will receive one free attaching option for every 2.38 shares subscribed, exercisable at $0.32 and expiring 18 months after the grant. This initiative is part of the company’s strategy to bolster its capital and enhance shareholder value.
More about Theta Gold Mines
Theta Gold Mines Limited is a company engaged in the gold mining industry, focusing on the exploration and development of gold resources. The company primarily operates in regions such as Australia, New Zealand, the United Kingdom, Singapore, and Hong Kong, targeting sophisticated and professional investors for its capital raising activities.
Average Trading Volume: 707,004
Technical Sentiment Signal: Buy
Current Market Cap: A$188.3M
See more insights into TGM stock on TipRanks’ Stock Analysis page.