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Theta Gold Mines Limited (ASX:TGM)

ALERT: Price-sensitive ASX Announcement for TGM
Current share price for TGM : $0.180 0.005 (2.86%)+
Announcement
Release
24 Oct 2025 5:19PM
Price at Release
$0.175
Full Release
download
Summary
Theta Gold Mines Limited has issued an Options Prospectus that includes an offer of options to acquire shares under a Share Purchase Plan (SPP) and a Placement Options Offer. The company aims to raise approximately A$12 million through the issue of 57,142,855 shares and an additional A$2 million through the SPP. The SPP allows eligible shareholders to purchase up to $30,000 worth of shares at A$0.21 each. Additionally, free attaching options are offered with the purchase of shares, subject to shareholder approval. The options under the Cornerstone Investment with various tranches have an exercise price linked to the 10-day VWAP of shares on the ASX and expire on 10 October 2027. The prospectus outlines the potential dilution of shareholding depending on the level of subscription and exercise of options, as well as the potential risks associated with the investments. The company is also seeking approval for the issuance of options and performance rights to directors and employees as part of their employee incentives plan.
Key Points
  • Theta Gold Mines Limited is raising funds via a Share Purchase Plan and Placement Options Offer.
  • The company aims to raise A$12 million through the Placement and A$2 million through the SPP.
  • Options offer includes free attaching options with shares, conditional on shareholder approval.
  • Options under the Cornerstone Investment have exercise prices linked to the 10-day VWAP of ASX shares.
  • Exercise of options may lead to further dilution of shareholding.
  • Approval sought for director and employee options and performance rights as part of incentives plan.
  • Key risks and tax implications of investments are highlighted in the prospectus.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.