Theta Gold (ASX:TGM) seizes option to extend maturity date – The Market Herald

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  • Theta Gold Mines (TGM) reaches agreement with 2Invest AG, giving it the option to extend the maturity date of the outstanding $6 million secured bond
  • The company said the bond would be extended for another 12 months
  • All other existing terms and conditions of the surety bond remain unchanged.
  • TGM shares are in the gray, trading at 12 cents

Theta Gold Mines (TGM) has reached an agreement to extend the maturity date of the outstanding $6 million secured bond with 2Invest AG.

Previously, the bond’s maturity and redemption date was January 23, which can be extended for an additional 12 months to January 23, 2024, at the discretion of the Board of Directors.

All other existing terms and conditions of the Guaranteed Obligation remain unaffected.

Under the agreement, Theta will issue 15 million unlisted Series C options to 2Invest AG at a price of 17 cents per share, with an expiry date no later than January 16, 2024.

“We are very pleased to have the continued support of 2Invest and would certainly welcome them to increase their stake in the company by exercising the various call options held as the company progresses towards financing, construction and production” , said President Bill Guy.

In the market, TGM shares are in the gray and are trading at 12 cents at 2:01 p.m. AEST.

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