12:31 PM EDT, 07/08/2025 (MT Newswires) -- Thesis Gold ( THSGF ) Tuesday said it closed a bought-deal private placement of flow-through shares that raised $27.5 million, including the full exercise of the over-allotment option.

The company placed 5.77-million British Columbia flow-through shares priced at $1.56, raising $9 million; 11.11-million national flow-through shares priced at $1.445 for proceeds of $16.05 million; and 1.93 million traditional flow-through at a price of $1.30 for $2.5 million.

The gross proceeds will be used to incur eligible "Canadian exploration expenses" that qualify as "flow-through mining expenditures" related to the Lawyers Ranch project in British Columbia.

The company's shares were last seen down $0.03 to $1.01 on the TSX Venture Exchange.

Price: 1.01, Change: -0.03, Percent Change: -2.88