The Assay chats with Evan Webster, president, director, and CEO of Thesis Gold, (TSX: TAU | OTCQX: THSGF) a mineral exploration company focused on developing the resource potential of its Ranch Gold project in the prolific Toodoggone Mining Camp of British Columbia.
Evan tells us about its recent merger with Benchmark Metals, in which the two companies now have a combined property of 325km2 between Thesis’s Ranch project and Benchmark’s adjacent Lawyer project. The Ranch Gold project alone holds about 20+ drill ready targets.
He also talks us through the details of the merger, in which Benchmark will be acquiring all issued and outstanding shares of Thesis Gold and for every Thesis share held, 2.5584 Benchmark shares will be issued. After the transaction closes there will be a 2.6 to 1 consolidation leaving them with about 116M shares outstanding.
Evan will retain the position of CEO for the new company, with a mixed board behind the two companies. The consolidation of the two companies will result in accelerated growth, starting drilling as soon as the next few weeks.
Website: www.thesisgold.com
Primary tickers: TSX:TAU, OTCQX:THSGF
Stage of development: Exploration
Commodities: Gold, Silver, Copper
Project to promote: The Ranch Project
Project location: Canada
