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Theta Gold Mines ( (AU:TGM) ) has shared an update.
Theta Gold Mines Limited has announced the issuance of 51,956,509 new fully paid Ordinary Shares and 23,668,639 free attaching unlisted options. This includes a private placement to raise US$4 million from an existing institutional investor, issuance of shares to consultants in lieu of cash payments, and shares issued upon the exercise of Performance Rights. This capital raising is expected to strengthen the company’s financial position and support its ongoing operations and growth initiatives.
More about Theta Gold Mines
Theta Gold Mines Limited operates in the mining industry, focusing on gold exploration and development. The company is engaged in the acquisition, exploration, and development of gold projects in South Africa, aiming to become a sustainable gold producer in the region.
Average Trading Volume: 126,421
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$114.3M
For an in-depth examination of TGM stock, go to TipRanks’ Overview page.