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Theta Gold Mines Limited (ASX:TGM)
ALERT: Price-sensitive ASX Announcement for TGM
Current share price for TGM : $0.190 0.005 (2.70%)+
Announcement
Release
7 Aug 2026 12:22PM
Price at Release
$0.185
Full Release
Summary
Theta Gold Mines Limited (ASX: TGM) announced the conversion of a long-standing unsecured loan into equity. The company has agreed to issue 32,800,000 fully paid ordinary shares at a deemed issue price of A$0.18 in full satisfaction of the loan originally advanced by Australian Private Capital Investment Group (International) Ltd, now owned by Sadiva (Pty) Ltd. The issuance of shares requires no shareholder approval and utilizes the company's existing placement capacity. This move was approved for release by the company's Chairman and reflects Theta's strategic financial restructuring.
Key Points
- Conversion of unsecured loan to equity
- Issue of 32,800,000 fully paid ordinary shares
- Deemed issue price of A$0.18 per share
- Loan originally from Australian Private Capital Investment Group
- Shares issued to Sadiva (Pty) Ltd
- No shareholder approval required for the share issue
- Utilization of company's existing placement capacity
- Announcement approved by Chairman of Theta Gold Mines
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.
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