Theta Gold Mines Issues 44 Million Ordinary Shares, 10 Million Options Under Agreement With Lenders
MT Newswires Live
Feb 06
Theta Gold Mines (ASX:TGM) issued around 44 million fully-paid ordinary shares, along with 10 million unlisted options, following the agreement of the convertible lenders to convert the outstanding principal and interest totaling AU$7.8 million, according to a Friday Australian bourse filing.
The company's convertible lenders had earlier agreed to convert all outstanding loan principal along with accrued interest totaling about AU$7.8 million into shares.
The shares were converted at an exercise price of AU$0.17647 apiece, while the options will have an exercise price of AU$0.32 and an expiry date of 18 months from the date of the grant.
The company's shares fell past 2% in recent trading on Friday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.