NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. The Company has assembled a highly experienced team with a proven history of developing, financing. Tembo is a Canadian publicly listed mineral exploration company (TEM on the TSX Venture Exchange) with a 100 interest in the Tembo Gold Project. Tembo’s focus is the discovery and development of gold projects in Africa. On Behalf of the Board of Directors of Tembo,Įmail: This email address is being protected from spambots. Tembo is a Canadian publicly listed mineral exploration company (TEM on the TSX Venture Exchange) with a 100 interest in the Tembo Gold Project. The company has assembled a highly experienced team with a proven history of developing, financing, and operating mining projects in Africa. of Canada drilled at its Tembo project, which was adjacent to the Bulyanhulu Mine. Our focus is the discovery and development of world-class gold projects in Africa. As with all young precious metals companies, the focus is on discovering and developing precious metals in East Africa. The Canadian-listed explorer owns an eponymous 100 interest in the local gold project. The Company currently has 100% interest in the Tembo Gold Project which is located adjacent to African Barrick’s 20Moz Bulyanhulu Mine in the prolific Lake Victoria Greenstone belt in Tanzania. From Europe, we turn our attention to the African Tanzania-based company Tembo Gold. Tembo Gold is a Canadian public company listed on the TSX Venture Exchange (“TSX-V”) under the symbol TEM. The Company currently has 100 interest in the Tembo Gold Project that is located adjacent to African Barrick's 14Moz Bulyanhulu Mine in the prolific Lake Victoria Greenstone. The Private Placement remains subject to final acceptance by the Exchange. is a Canadian publicly listed mineral exploration company focused on the exploration and development of gold projects in Tanzania and the rest of Africa. The Company continues to work on this Private Placement and anticipates additional closings for this financing such that all 2,020,000 Shares will be issued. All securities issued are subject to a hold period expiring four months plus a day from the date of closing. The proceeds will be used for general working capital and project related costs. (TSXV: TEM) (“Tembo”, or the “Company”) announces that it has completed a first tranche closing of its non-brokered private placement financing (the “ Private Placement“) announced on Apby issuing 740,000 common shares (each, a “ Share“) of the Company, at a price of CDN$0.27 per Share for gross proceeds of $199,800. Should the price rise sustainably, these are likely to benefit disproportionately. Due to the still relatively weak gold price, shares of the mining stock can also be acquired at a discounted level. Vancouver, British Columbia–(Newsfile Corp. Tembo Golds market capitalization currently stands at EUR 16.49 million.
0 kommentar(er)
