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How Will Theta Gold’s $120M Loan Propel Its South African Gold Mine?
9:29am on Tuesday 16th of December, 2025 AEDT
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How Will Theta Gold’s $120M Loan Propel Its South African Gold Mine?
9:29am on Tuesday 16th of December, 2025 AEDT
Key Points
Non-binding $80M USD senior secured loan agreement with Nebari Partners
Two tranches – $45M available early 2026, $35M optional after 3 months
Five-year term with interest at SOFR plus 10%, 12-month interest capitalisation
Warrants issued representing 27% of funded amount at 40% premium
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