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ASX:TGM

6 stories mentioning ASX:TGMUpdated just now

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Asia

Theta Gold Mines Completes First Drawdown of $37 Million Under Bond Financing; Shares Up 3%

Theta Gold Mines (ASX:TGM) completed the first drawdown under its bond financing arranged with Nordic bond and debt capital markets specialist Pareto Securities, receiving $37 million in proceeds, according to a Thursday filing with the Australian bourse.The company can draw up to $90 million under the bond financing, with the remaining balance available for progressive drawdown to match the funding requirements of the TGME project in South Africa, the filing said.Shares rose nearly 3% in morning trade Thursday.

ASX:TGM
Asia

Theta Gold Mines to Issues Shares to Satisfy Historical Unsecured Loan; Shares Down 3%

Theta Gold Mines (ASX:TGM) agreed to issue 32.8 million ordinary shares at a price of AU$0.18 each to satisfy a historical unsecured loan originally advanced by Australian Private Capital Investment Group, according to a Friday filing with the Australian bourse.The shares are expected to be issued Friday to Sadiva, which acquired the loan from Tianjin Hanhong Equity Investments Fund Management, per the filing.The company's share fell 3% in recent Friday trade.

ASX:TGM
Wire

Theta Gold Mines Raises $19 Million Via Placement, Exercise of Unlisted Options; Shares Fall 7%

Theta Gold Mines (ASX:TGM) raised gross proceeds of around $18.6 million in total through a placement and exercise of unlisted options, according to a Monday Australian bourse filing.The company issued around 125.7 million fully paid ordinary shares in the placement at AU$0.18 per share to professional and sophisticated investors, to raise around $15.6 million.The placement was cornerstoned by Chengtun Gold (Hong Kong), a unit of Chengtun Mining Group, which contributed $10 million.Strategic long-term investors exercised around 21.7 million unlisted options at an exercise price of AU$0.2002 raising a total of around $3 million.Proceeds of the placement, options, and bond issue will provide the total financing required to complete plant construction of the TGME gold mine project in South Africa and first gold production in 2027.Theta Gold Mines' shares fell past 7% in recent trading on Monday.

ASX:TGM
Asia

Theta Gold Mines Progresses Plant Construction at South Africa Project

Theta Gold Mines' (ASX:TGM) TGME project in South Africa is progressing, with advancements in plant construction, equipment fabrication, and site infrastructure, according to a Thursday filing with the Australian bourse.Developments include the establishment of the processing plant footprint, ongoing structural steel work for the gold room and mill, and civil works across the crushing and screening plant, the filing said.The company is aiming to transition to producer status in 2027, per the filing.

ASX:TGM
Asia

Theta Gold Mines Completes $90 Million Senior Secured Bond Issuance, Shares Up 4%

Theta Gold Mines (ASX:TGM) confirmed that all pre-settlement conditions for its issuance of bonds were satisfied and it issued $90 million senior secured bonds on June 12, according to a Monday Australian bourse filing.The net proceeds of the bond issue were placed into the designated Theta escrow account and will be released in accordance with the disbursement release conditions to support the development of its TGME gold project in South Africa.Its shares jumped 4% in recent trading on Monday.

ASX:TGM
Asia

Theta Gold Mines Completes Oversubscribed $90 Million Senior Secured Bond Issue

Theta Gold Mines (ASX:TGM) completed an oversubscribed $90 million senior secured callable bond issue for the construction of the Transvaal Gold Mining Estates project in South Africa, according to a Monday filing with the Australian bourse.The bond issue, arranged by Pareto Securities, completes the debt funding process and allows the company to advance the construction and development of the project, the filing said.Plant commissioning is expected later in the year, with the company planning to advance the project towards gold production in the first quarter of 2027, per the filing.

ASX:TGM

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