AngloGold Ashanti in $58.5M deal to double Thesis stake
AngloGold Ashanti (NYSE: AU) will invest $58.5M to double its stake in Thesis Gold & Silver (TSXV: TAU, OTC: THSGF), buying 8.34M common shares for $28.5M plus $30M of flow-through shares. The stake rises to 9.7% from about 5% after a prior $38.7M investment. Deal expected to close around Aug. 27, subject to TSX-V approval, funding Lawyers-Ranch exploration and studies.
