Theta Gold Mines Raises $2.3m for TGME Underground
- Theta Gold Mines (TGM) receives firm commitments to raise $2.3 million through a placement for its TGME Underground gold mine project in South Africa
- The company will issue about 35.38 million new shares at 6.5 cents each, under its placement capacity
- The money will be directed toward preliminary development and planning activities for the project
- In addition, it will assist with securing project permit approvals, general working capital, corporate overheads, and bond interest and loan repayments
- Shares are trading 5.49 per cent lower at 8.6 cents each as of 1:43 pm AEST
