Tembo Gold to raise up to $1.28 mln in strategic financing
Tembo Gold Corp (TSX Venture: TEM) is proposing a strategic financing of up to $1.28 million. Tembo is selling up to 12,800,000 units of its stock at a price of $0.10 per unit. The private equity investors are New Africa Mining Fund (NAMF) II (Mauritius), NAMF II South African Partnership and Germany's Concept Capital Management. According to the company, the net proceeds will be used to fund on-going exploration costs on its properties in Tanzania. Based in Toronto, Tembo Gold is a mineral exploration company focused on the exploration and development of gold projects in Tanzania and the rest of Africa.
3 January 2014•3 mins read
