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Tembo Gold Corp Obtains Shareholder Consent For Previously Announced Strategic Private Placement


Friday, 25 Oct 2013 09:00am EDT 

Tembo Gold Corp announced that it has obtained the necessary shareholder consent to move forward with its private placement of up to CAD8.657 Million previously announced on October 8, 2013. The Company expects to enter into a subscription agreement with NAMF II (Mauritius) Limited, NAMF II South Africa Partnership, Stratex Gold A.G. and Concept Capital Management Limited in the coming days. It is expected that the Subscription Agreement will provide for the Investor Group to subscribe for up to 44,380,000 subscription receipts at a price per Subscription Receipt of C$0.15 for gross proceeds of up to C$6.657 million. Additionally, the Company intends to raise up to CAD2M independently from the Investor Group. 

Company Quote

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21 Oct 2014