Boughton Law Acts On $24.5 Million Brokered Private Placement for Thesis Gold Inc.

Today, Thesis Gold Inc. (“Thesis” or the “Company“) announces that it has completed its previously announced marketed best efforts private placement (the “Offering”) for total gross proceeds of $24.5M. Mr. Eric Sprott purchased 3,700,000 common shares of the Company as a result of this Offering and following the closing of the Offering will hold approximately 6.65% of the issued and outstanding common shares of the company. Sean O’Neill acted as lead counsel and was assisted by Larry Yen, Alex Tatti and Claudia Losie acting as counsel for Thesis.

Ewan Webster, President, and CEO commented, “With this financing, Thesis is fully funded for its 2022 exploration and drill program where we look to complete up to 50,000 metres. This program will focus on the expansion potential of the known zones of mineralization in addition to testing new epithermal and porphyry targets across our extensive 100% owned 180 km2 Ranch project.”

Thesis recently uncovered a new gold zone from last year’s drilling at Thesis III zone on its Ranch project in British Columbia. The new “western zone” demonstrates a new discovery potential for parallel high-grade gold mineralization within the Thesis structural corridor and across the largely underexplored Ranch project.

The Offering was made pursuant to an agency agreement among the Company and a syndicate of agents led by Clarus Securities Inc., and including Cormark Securities Inc. (collectively, the “Agents“). Colin Cameron-Vendrig and Jessica Whitton from BLG acted as counsel for the Agents, with Clarus Securities Inc.

For more information, please contact our members of the Boughton Law Securities Group.