Business
Thesis Gold Announces Proposed Overnight Marketed Public Offering to Raise Up to $12,000,000
VANCOUVER, British Columbia, June 09, 2021 (GLOBE NEWSWIRE) -- Thesis Gold Inc. (TSXV: TAU) (WKN: A2QQ0Y) ("Thesis" or the "Company") is pleased to announced th
About this update from Thesis Gold & Silver Inc.
[{"type":"text","content":" VANCOUVER, British Columbia, June 09, 2021 (GLOBE NEWSWIRE) -- Thesis Gold Inc. (TSXV: TAU) (WKN: A2QQ0Y) (\"Thesis\" or the \"Company\") is pleased to announced that it has filed and been receipted for a preliminary short form prospectus (the \"Prospectus\") in connection with a proposed overnight marketed offering (the \"Offering\") of common shares of the Company which qualify as “flow-through shares” pursuant to the Income Tax Act (Canada) (the “Flow-Through Shares”) to raise gross proceeds of up to $6,000,000 and non-flow-through common shares of the Company (the “Non-Flow-Through Shares”) to raise gross proceeds of up to $6,000,000, for combined aggregate gross proceeds of up to $12,000,000. The Flow-Through Shares and the Non-Flow-Through Shares are together, the \"Offered Shares\". The Offering will be conducted through a syndicate of agents led by Clarus Securities Inc. (the \"Agents\"). The number of Offered Shares will be determined in the course of marketing. The Offering is expected to be priced in the context of the market, with the final terms of the Offering to be determined at the time of pricing. There can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering. The Company has granted the Agents an option (the \"Over-Allotment Option\") to offer for sale up to an additional 15% of the Offered Shares on the same terms, exercisable in whole or in part at any time up to 30 days following the closing of the Offering, for market stabilization purposes and to cover over-allotments. The Agents may exercise the Over-Allotment Option in respect of: (i) additional Flow-Through Shares; or (ii) additional Non-Flow-Through Shares; or (iii) any combination of additional Flow-Through Shares and Non-Flow-Through Shares. The Company expects to: (i) pay the Agents a cash commission (the \"Agents' Fee\") representing 6% of the gross proceeds raised under the Offering, including any gross proceeds raised upon the exercise of the Over-Allotment Option; and (ii) issue to the Agents non-transferable broker warrants (each, a \"Broker Warrant\") entitling the Agents to acquire that number of Non-Flow-Through Shares equal to 6% of the total number of Offered Shares sold pursuant to the Offering (including the Over-Allotment Option). Each Broker Warrant will ent...