Theta Gold Mines Limited (ASX:TGM) announced a private placement of 16,667,084 fully paid ordinary shares at a price of AUD 0.24 per share for gross proceeds of AUD 4,000,100 on July 17, 2020. The transaction will include participation from local and international family offices and institutional investors. The company expects to close the transaction on July 27, 2020. The transaction was over-subscribed.