Theta Gold Mines Share Purchase Plan

The Directors of Theta Gold Mines Limited (“Theta Gold”) are pleased to offer you the opportunity to participate in our Share Purchase Plan (SPP).

The SPP seeks to raise a maximum of $1.5m and will fund: 

- Project expenditure including preliminary development and planning activities for the TGME Gold Project;
- Progress towards completion of permitting approvals for the project; and
- General working capital, corporate overheads and loan interest and principal repayments.

Each Eligible Shareholder has the opportunity to support Theta Gold's project development and apply for up to $30,000. Shares will be issued on the same terms as the Placement, being $0.07 per share.

Why is Theta Gold doing an SPP?

Theta Gold share purchase plan explained

The Company has chosen to fund the next stage of its journey through an SPP in order to ensure our diverse shareholder base has the opportunity to participate and benefit from the offer.

For more information on the project, click learn more below.

What is an SPP?

Rewarding loyal Shareholders to participate in the growth of the Company

In addition to the Private Placement to raise approximately A$1.7 million, the Company wishes to reward loyal Shareholders to participate in the growth of the Company through a Share Purchase Plan (SPP).

An SPP allows companies to issue up to $30,000 of new shares to existing shareholders without the need for a prospectus.

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Why take part in this SPP?

Advance Theta Gold's TGME Gold Project

Funding will be used for project expenditure for the TGME Gold Project and general working capital. This work allows us to move forward providing a clear road map for Theta Gold to transition into an operational, mid-tier gold producer.

Existing Historic Goldfield

Multiple pre-developed, shallow, high grade historic gold mines – ready to be brought back into production.

Organic Growth

Self-funded expansion to >160koz within 5 years.

Large, Growing Resource

6.1Moz gold resource @4.17g/t and continuously growing, with more than 40 other existing pre-developed shallow underground mines not yet reflected in the stated resource.

Low-Cost Producer

Forecasted operating cost half the current gold price (<US$900/oz) to become the lowest cost producer in South Africa.

Low Capital Start-up

< US$100m capital required to reach >90koz/a within 2

Competent Execution Team

Executive team that have successfully developed and optimised many mines in South Africa and other developing countries.

Our team is here to help

If you have additional questions about the offer, please submit your questions to us directly, where one of our Directors will respond.

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