Theta Gold Mines secures $12.9m in funding through placements

Theta Gold Mines Limited announced the completion of a placement and the first tranche of a two-tranche cornerstone investment, receiving $12.9 million. The company issued 57,142,855 new fully paid ordinary shares (placement shares) at A$0.21 per share to professional and sophisticated investors, generating $7.9 million. Additionally, $5 million was received under tranche one from Cong Yu Company Limited and Moonx Intelligence Limited, resulting in the issuance of 49,113,984 fully paid ordinary shares (tranche one shares) at A$0.155 per share.

The placement shares were issued under ASX Listing Rules 7.1A and 7.1, while tranche one shares were issued under Listing Rule 7.1 and are subject to a 24-month escrow period. The company will also offer 1 free attaching option for every 2.38 placement shares subscribed for, totaling approximately 24,009,602 placement options with an exercise price of A$0.32. Tranche one options, totaling 20,636,127, will also be granted, with an exercise price linked to 80% of the 10-day VWAP or A$0.155, expiring on 10 October 2027.

Following these issuances on 14 October 2025, Theta Gold Mines Limited's total quoted ordinary shares on ASX will be 1,045,980,974. An updated timetable indicates the offer opening date for placement options, SPP shares, and SPP options is Wednesday, 22 October 2025. Deutsche Balaton Aktiengesellschaft and 2invest AG ceased to be substantial holders on 14 October 2025, primarily due to dilution from the issuance of new shares.