Vancouver, September 13, 2022 - Tembo Gold Corp. (TSXV: TEM) ("Tembo", or the "Company") announces the closing of the second and final tranche of its non-brokered private placement financing (the "Private Placement") announced on April 27, 2022. The Company has issued in aggregate 1,085,000 common shares (each, a "Share") of the Company, at a price of CDN$0.27 per Share for gross proceeds of $292,950. The proceeds will be used for general working capital. All securities issued are subject to a hold period expiring four months plus a day from the date of closing. No finder's fees were paid.
About Tembo
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 which is located adjacent to African Barrick's 20Moz Bulyanhulu Mine in the prolific Lake Victoria Greenstone belt in Tanzania. Our focus is the discovery and development of world-class gold projects in Africa. The company has assembled a highly experienced team with a proven history of developing, financing, and operating mining projects in Africa.
On Behalf of the Board of Directors of Tembo,
David Scott President & CEO Phone: +255 767 366 146 Email: dscott@tembogold.com
For more information please contact:
Simon Benstead Director & CFO Phone: 604-685-9316 Email: investors@tembogold.com
Marc Cernovitch Director & VP Corporate Development Phone: +1 647 203 7868 Email: mcernovitch@tembogold.com
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/137049
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