Thesis Gold closes $1.05-million private placement

Executive Summary

• Thesis Gold Inc. has closed a non-brokered private placement of 739,437 common shares, raising approximately $1.05 million in gross proceeds.
• The investment was made by the Kwadacha, Tsay Keh Dene, and Takla First Nations.
• Proceeds are designated for advancing the company's mineral exploration projects and general working capital.

Key Details

• Transaction Structure: Non-brokered private placement.
• Investors: Kwadacha, Tsay Keh Dene, and Takla First Nations.
• Shares Issued: 739,437 common shares.
• Price Per Share: $1.42.
• Gross Proceeds: Approximately $1.05 million.
• Use of Proceeds: Financing advancement of the company's mineral exploration project and general working capital purposes.
• Finders' Fees: No finders' fees or commissions were paid in connection with the offering.
• Regulatory Status: Subject to final approval of the TSX Venture Exchange.
• Share Restrictions: All common shares issued are subject to a statutory hold period of four months and one day from the date of closing, in accordance with applicable Canadian securities legislation.