Australia

Theta Gold Mines’ managing director to step down from executive duties

Theta Gold Mines Ltds (ASX:TGM) managing director Robert Thomson intends to step down from executive duties with effect from August 5.

Thomson will remain on the board as a non-executive director.

Chairman Bill Guy said: “Rob has led the company since November 2016 and has seen the company evolve to a potential gold producer with the Theta open-cut project.

“We thank Rob for his efforts and look forward to his continued contribution in a non-executive role."

Project activities continue[hhmc]

The companys project activities in South Africa continue uninterrupted with the leadership of chief executive officer George Jenkins based at the mine-site.

Thetas local team is being continuously expanded as the company moves towards the construction phase at the Theta Open Pit Starter Project.

Share placement[hhmc]

In April the company raised A$930,000 in a share placement with funds to advance the starter project.

The company has received applications for the placement of 4.65 million fully paid ordinary sharesRead More – Source

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