- Theta Gold Mines (TGM) enters an agreement with 2Invest AG, giving it the option to extend its maturity date for the outstanding $6 million secured bond
- The company said the bond will be extended a further 12 months
- All other existing terms and conditions of the secured bond remain unchanged
- TGM shares are in the grey and trading at 12 cents
Theta Gold Mines (TGM) has entered into an agreement to extend its maturity date for the outstanding $6 million secured bond with 2Invest AG.
Previously, the maturity date and repayment of the bond was January 23, which may be extended a further 12 months to January 23, 2024, at the discretion of the board.
All other existing terms and conditions of the secured bond remain unchanged.
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 on or before January 16, 2024.
“We are very pleased to have 2Invest’s ongoing support and would certainly welcome them to increase their equity holding in the company via exercising the various call options held while the company’s progressing towards funding, construction and production,” Chairman Bill Guy said.
On the market, TGM shares are in the grey and trading at 12 cents at 2:01 pm AEST.