News/Press
Boughton Law acts as Canadian Counsel to Thesis Gold Inc Brokered Private Placement
Thesis Gold Inc. (“Thesis”) recently announced the successfully closing of an oversubscribed private placement, raising approximately $21 million.
Led by Clarus Securities Inc., the placement included 8,849,500 premium flow-through shares at $1.13 per share, 6,702,500 flow-through shares at $0.90 per share, and 6,556,318 common shares at $0.75 per share. The funds will support Canadian exploration expenses and the development of the Lawyers-Ranch Project in British Columbia.
The placement remains subject to final TSXV approval. Agents received a 6% cash commission and compensation options. Director participation in the offering qualifies as a “related party transaction” but is exempt from certain regulatory requirements.
Boughton Law Corporation acted as Canadian legal counsel to Thesis, with Clarus Securities Inc. acting as lead agent and sole bookrunner on behalf of a syndicate of agents including Cormark Securities Inc., Ventum Financial Corp., H&P Advisors Ltd., and Raymond James Ltd. (collectively, the “Agents“).
Learn more about this private placement: https://thesisgold.com/2024/06/21/thesis-gold-closes-oversubscribed-21-million-private-placement/
For more information about Boughton’s Securities Practice, please contact Sean P. O’Neill of Boughton Law Securities Group.
