Tembo Gold to raise up to C$1.28 mln in private placement
Tembo Gold Corp. is raising up to C$1.28 million in a private placement. Tembo is selling up to 12,800,000 units of its stock at a price of C$0.10 per unit. The investors are NAMF II (Mauritius) Limited, NAMF II South African Partnership and Concept Capital Management Limited. According to the company, the net proceeds will be used to fund ongoing exploration costs on its properties in Tanzania. Based in Toronto, Tembo Gold Corp. 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
