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Thesis Gold Inc. Completes Strategic 9.9% Investment by Centerra Gold Inc.
Thesis Gold Inc. Completes Strategic 9.9% Investment by Centerra Gold Inc. Canada NewsW...
About this update from Thesis Gold & Silver Inc.
[{"type":"text","content":"\n\n\n\n Thesis Gold Inc. Completes Strategic 9.9% Investment by Centerra Gold Inc.\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n April 28, 2025\n \n\n /CNW/ - Thesis Gold Inc. (TSXV: TAU) (WKN: A3EP87) (OTCQX: THSGF) (\"\n \n Thesis\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that the Company has completed its private placement of common shares in the capital of the Company (\"\n \n Common Shares\n \n \"), as previously announced on\n \n April 22, 2025\n \n , through the issuance of 9.9% of the Company's issued and outstanding Common Shares to Centerra Gold Inc. (\"\n \n Centerra\n \n \").\n \n\n\n\n\n\n\n\n\n Centerra has acquired, by way of private placement, 23,460,160 Common Shares at a price of\n \n $1.03\n \n per Common Share for gross proceeds of\n \n $24,163,965\n \n . 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 Company's Lawyers-Ranch Project.\n \n\n In connection with the private placement, Thesis and Centerra have entered into an investor rights agreement dated\n \n April 28, 2025\n \n (the \"\n \n Investor Rights Agreement\n \n \"), whereby, subject to conditions, including time and ownership thresholds, the Company has granted Centerra certain financing and other participation rights to enable Centerra to maintain its shareholding interest in the Company, a board nomination right in the event that Centerra acquires 19.9% of the Company's issued and outstanding Common Shares and technical committee appointment rights, among other customary investor rights. A copy of the Investor Rights Agreement will be made available under the Company's SEDAR+ profile on\n \n www.sedarplus.ca\n \n .\n \n\n No finder's fees or commissions were paid in connection with the private placement. All Common Shares issued pursuant to the private placem...