TGM achieved a successful private placement, raising AU$5.0 million

Theta Gold Mines Limited (ASX: TGM) has announced the successful completion of a private placement (Placement) in which it raised AU$5.0 million from strategic, professional, and sophisticated investors. A significant portion of the placement, AU$3.0 million, was contributed by Hong Kong Ruihua Investment Management Limited (Ruihua).

Ruihua is a wholly-owned subsidiary of Jiangsu Ruihua Investment Holding Group Co., Ltd, a Nanjing-based parent company established in 2003. With over US$3 billion in assets under management (AUM), Ruihua specializes in various equity market activities, including secondary market trading, private placements, venture capital, and private equity. Under the Placement, Theta Gold Mines Limited will issue 76,923,077 new fully paid TGM Ordinary Shares at AU$0.065 cents per share. The shares are scheduled to be issued on Monday, 10th July 2023.

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