Theta Gold Mines (ASX:TGM) has received US$7 million ($10.3 million) in funding, through an equity placement, from cornerstone investors and a company director.
The company has issued 56.5 million new shares at $0.155 per share to Hong Kong Ruihua Investment Management and private investor Jingsha Diao, raising US$6 million.
Cornerstone investors have also been granted 23.7 million unlisted options expiring 10 October 2027, with an exercise price equal to the higher of 80% of the 10-day volume weighted average price (VWAP) or $0.155.
Non-executive director Brett Tang, through his associated company NC New Energy, has contributed US$1 million through the issue of 9.7 million shares at $0.155 and 4.1 million unlisted options.
All shares and options issued will be held in voluntary escrow for 24 months from the date of issue.
The share issues were approved by shareholders at the company’s annual general meeting held on 28 November 2025.
The funding forms part of previously announced equity funding arrangements from October 2025.
This content was created with AI assistance and human editing.
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Images: Theta Gold Mines
