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Theta Gold Mines Revises Convertible Loan Terms to Enhance Financial Strategy

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Theta Gold Mines Revises Convertible Loan Terms to Enhance Financial Strategy

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Theta Gold Mines ( (AU:TGM) ) has shared an announcement.

Theta Gold Mines Limited has announced a variation in the terms of its unsecured Convertible Loan Facility Agreements, initially secured in March 2023 with institutional investors. The maturity dates for the agreements have been extended to September 2026, with conditions including a 3% deferral fee paid in shares and reduced interest rates. The company has issued over 4.5 million shares to lenders, and the changes are expected to impact its financial strategy and stakeholder relations positively.

More about Theta Gold Mines

Theta Gold Mines Limited (ASX:TGM) is a gold development company with a portfolio of high-grade gold assets in South Africa’s renowned gold mining region. The company focuses on cost-effective gold projects and is currently working on constructing a new gold processing plant at its TGME site near Pilgrim’s Rest, Mpumalanga Province.

Average Trading Volume: 181,484

Technical Sentiment Signal: Buy

Current Market Cap: A$172.3M

See more insights into TGM stock on TipRanks’ Stock Analysis page.

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