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Theta Gold Mines Limited (ASX:TGM)

ALERT: Price-sensitive ASX Announcement for TGM
Current share price for TGM : $0.185 -0.025 (-11.90%)+
Announcement
Release
29 Jun 2026 9:17AM
Price at Release
$0.210
Full Release
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Summary
Theta Gold Mines Limited (ASX: TGM) has successfully completed a combined equity raise and options exercise totaling approximately US$18.6 million. This financial maneuver includes a placement of shares and the exercise of unlisted options, satisfying a key condition for a US$90 million bond drawdown required for the TGME Gold Mine Project in South Africa. The equity raise, managed by Bell Potter Securities Limited and Golden Asian Investment Group, garnered significant investment from Chengtun Gold (Hong Kong) Limited, contributing US$10 million of the total. The proceeds will be used to complete the construction of the TGME Gold Mine Processing Plant, aimed at achieving first gold production in 2027. This development marks a significant step towards Theta Gold Mines' vision of establishing a sustainable gold production operation. All new shares from this equity raise will be issued on or around July 3, 2026, without requiring shareholder approval.
Key Points
  • Theta Gold Mines Limited raised US$18.6 million through equity and options.
  • The raise satisfies conditions for a US$90 million bond for TGME Project.
  • Chengtun Gold (Hong Kong) Limited contributed US$10 million to the placement.
  • Funds will complete construction of the TGME Gold Mine Processing Plant.
  • First gold production is expected in 2027.
  • Shares to be issued on July 3, 2026, without shareholder approval.
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.