Theta raises $10m

ASX-listed Theta Gold Mines, which owns gold assets in South Africa, has received a firm commitment from Hong Kong Ruihua Investment Management to invest $10-million in the company through a share subscription agreement. The funds will be used to complete funding packages for the TGME gold plant’s construction; advancing engineering, procurement and construction (EPC) contracts; development works for the plant, a tailings storage facility and water management at the TGME project; and to strengthen Theta’s balance sheet.