- Tempus Resources (TMR) has announced a non-brokered private placement for gross proceeds of up to $1,000,000
- The company will issue up to 16,666,667 flow-through units at a price of $0.06 per FT unit
- Each FT unit will consist of one common share to be issued as a “flow-through share” and one common share purchase warrant
- Tempus is a growth-orientated gold exploration company actively exploring projects located in Canada and Ecuador
- Tempus Resources Ltd. (TMR) opened trading at C$0.055 per share
Tempus Resources (TMR) has announced a non-brokered private placement for gross proceeds of up to $1,000,000.
The company will issue up to 16,666,667 flow-through units at a price of $0.06 per FT unit. Each FT unit will consist of one common share to be issued as a “flow-through share” and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at $0.09 for a period of 24 months following the issue date of the FT unit.
The company intends to use the net proceeds for exploration work at its Elizabeth-Blackdome Project. Proceeds from the sale of FT shares will be used to incur “Canadian exploration expenses.”
The Elizabeth-Blackdome property is located in southern British Columbia, Canada. Tempus has completed 40 drill holes during the 2022 program. Assays are pending on 19 holes, including the highly anticipated drill hole EZ22-20, which intersected broad zones of quartz containing visible gold.
All securities issued under the private placement will be subject to a statutory four-month hold period.
Red Cloud Securities Inc. will act as a finder in connection with the offering.
Tempus is a growth-orientated gold exploration company actively exploring projects located in Canada and Ecuador.
Tempus Resources Ltd. (TMR) opened trading at C$0.055 per share.