Business
Thesis Gold & Silver Closes Strategic Investment by AngloGold Ashanti and Participation by Centerra Gold for C$44M
Thesis Gold & Silver Inc. ("Thesis", or the "Company") (TSXV: TAU) (OTCQX: THSGF) (WKN: A3EP87) is pleased to announce that the Company has completed its private placement of common shares in the capital of the Company (the "Common Shares"), as previously announced on February 19, 2026, through the issuance of 5.0% of the Company's issued and outstanding Common Shares to AngloGold Ashanti plc ("AngloGold Ashanti").
About this update from Thesis Gold & Silver Inc.
[{"type":"text","content":"VANCOUVER, BC, Feb. 26, 2026 /CNW/ - Thesis Gold & Silver Inc. ("Thesis", or the "Company") (TSXV: TAU) (OTCQX: THSGF) (WKN: A3EP87) is pleased to announce that the Company has completed its private placement of common shares in the capital of the Company (the "Common Shares"), as previously announced on February 19, 2026, through the issuance of 5.0% of the Company's issued and outstanding Common Shares to AngloGold Ashanti plc ("AngloGold Ashanti").","length":508,"tagName":"p"},{"type":"text","content":"AngloGold Ashanti has acquired, by way of private placement, 13,858,883 Common Shares at a price of C$2.79 per Common Share for gross proceeds of C$38,666,284. The proceeds from the private placement will be used for working capital and general corporate purposes, including work related to the technical studies currently underway at the Lawyers-Ranch gold-silver Project.","length":373,"tagName":"p"},{"type":"text","content":"In connection with the strategic investment, Thesis and AngloGold Ashanti have entered into an investor rights agreement dated February 26, 2026,whereby, subject to certain conditions, the Company has granted AngloGold Ashanti certain financing and other participation rights to enable AngloGold Ashanti to maintain its shareholding interest in the Company, as well as technical committee appointment rights and other customary investor rights.","length":444,"tagName":"p"},{"type":"text","content":"Pursuant to an investor rights agreement between the Company and Centerra Gold Inc. ("Centerra") dated April 28, 2025, Centerra fully exercised its right to participate in this private placement to maintain its pro rata ownership in the Company and subscribed for additional Common Shares, acquiring 2,059,730 Common Shares at a price of C$2.79 per Common Share for gross proceeds of C$5,746,647 such that its percentage ownership is 9.9% of the outstanding Common Shares.","length":482,"tagName":"p"},{"type":"text","content":"No finder's fees or commissions were paid in connection with the private placement. All Common Shares issued pursuant to the private placement are subject to a statutory hold period expiring four months and one day from closing in accordance with applicable Canadian securities legislation.","length":294,"tagName":"p"},{"type":"text",...