Business
Thesis Gold Closes Oversubscribed $21 Million Private Placement
Vancouver, British Columbia--(Newsfile Corp. - June 21, 2024) - Thesis Gold Inc. (TSXV: TAU) (WKN...
About this update from Thesis Gold & Silver Inc.
[{"type":"text","content":"Thesis Gold Closes Oversubscribed $21 Million Private PlacementVancouver, British Columbia--(Newsfile Corp. - June 21, 2024) - Thesis Gold Inc. (TSXV: TAU) (WKN: A3EP87) (OTCQX: THSGF) (\"Thesis\" or the \"Company\") is pleased to announce that today the Company has closed its oversubscribed brokered private placement offering. Clarus Securities Inc. acted as lead agent (the \"Lead Agent\") and sole bookrunner (the \"Bookrunner\"), on behalf of a syndicate of agents including Cormark Securities Inc., Ventum Financial Corp., H&P Advisors Ltd., and Raymond James Ltd. (collectively, the \"Agents\"), for an equity private placement raising gross proceeds of approximately $21 million (the \"Offering\").Under the Offering, the Company issued (i) 8,849,500 premium flow-through common shares (the \"Premium FT Shares\") at a price of $1.13 per Premium FT Share; (ii) 6,702,500 flow-through common shares (the \"FT Shares\", and together with the Premium FT Shares, the \"Flow-Through Shares\") at a price of $0.90 per FT Share; and (iii) 6,556,318 non flow-through common shares (the \"Common Shares\") at a price of $0.75 per Common Share, for total aggregate gross proceeds of $20,949,423. All securities issued under the Offering are subject to a four-month hold period in accordance with the policies of the TSX Venture Exchange (the \"TSXV\") and applicable securities laws. The Offering did not result in the creation of any new \"control person\" (as defined under applicable securities laws) of the Company. The securities issued under the Offering were issued pursuant to certain private placement exemptions under applicable securities laws. The private placement Offering is subject to the final acceptance by the TSXV.In consideration of the services rendered by the Agents in connection with the Offering, the Company paid the Agents upon closing of the Offering (the \"Closing\") a cash commission of $1,256,965 equal to 6% of the gross proceeds from the Offering (the \"Agents' Commission\"). In addition, the Company also issued to the Agents on Closing, 1,326,499 non-transferable compensation options (the \"Compensation Options\") to acquire a number of Common Shares equal to 6% of the aggregate number of Premium FT Shares, FT Shares and Common Shares sold under the Offering, having an exercise price of $0.95 per Common Share for 18 mo...