Thesis Gold Successfully Completes $21 Million Private Placement, Oversubscribed

Vancouver, British Columbia–(Newsfile Corp. – June 21, 2024) – Thesis Gold Inc. (TSXV: TAU) (WKN: A3EP87) (OTCQX: THSGF) (“Thesis” or the “Company“) has successfully closed its oversubscribed brokered private placement offering. This achievement marks a significant milestone for the Company and demonstrates investor confidence in its future prospects.

Details of the Offering

The Offering consisted of issuing a total of 8,849,500 premium flow-through common shares, 6,702,500 flow-through common shares, and 6,556,318 non-flow-through common shares, resulting in gross proceeds of approximately $21 million. This successful completion of the Offering reflects strong support from investors in the Company’s growth strategy.

Agent Compensation and Related Party Transactions

Clarus Securities Inc., along with other syndicate members, played a crucial role as the Lead Agent and Bookrunner in the Offering. In recognition of their services, the Company paid a cash commission to the Agents and issued compensation options upon closing. Furthermore, the participation of certain directors in the Offering highlights their confidence in the Company’s future success.

Utilization of Proceeds

The gross proceeds from the sale of Premium FT Shares and FT Shares will be utilized by the Company to incur eligible “Canadian exploration expenses” related to its projects in Canada. This strategic allocation of funds underscores the Company’s commitment to advancing its exploration and development initiatives.

About Thesis Gold Inc.

Thesis Gold Inc. is dedicated to unlocking the combined potential of the Lawyers-Ranch Gold-Silver Project in British Columbia. With a focus on maximizing the economic benefits and enhancing project potential, the Company continues to make significant strides in defining high-grade resources and advancing exploration activities. By leveraging its strategic roadmap and portfolio of projects, Thesis Gold aims to establish itself as a prominent player in the global precious metals sector.

Insight:

It is evident that Thesis Gold Inc. has successfully secured funding through its private placement offering, indicating strong investor interest in the Company’s growth prospects. The participation of Directors and the strategic allocation of proceeds towards exploration activities reflect the Company’s commitment to advancing its projects and creating long-term value for its stakeholders. With a clear roadmap and ongoing exploration efforts, Thesis Gold is well-positioned to capitalize on the potential of its key projects and emerge as a significant player in the precious metals sector.