- Tempus Resources (TMR) has closed a non-brokered private placement for gross proceeds of approximately C$680,100
- The company issued 3,000,000 units and 8,835,000 flow-through units
- Tempus is a growth-orientated gold exploration company actively exploring projects located in Canada and Ecuador
- Tempus Resources Ltd. (TMR) currently trades at C$0.05 per share
Tempus Resources (TMR) has closed its previously announced non-brokered private placement for gross proceeds of approximately C$680,100.
The company issued 3,000,000 units for C$0.05 per unit and 8,835,000 flow-through units for $C0.06 per FT unit.
Each FT unit consists of one FT common share and one common share purchase warrant. The proceeds from the sale of the FT shares will be used to fund the exploration of the company’s Blackdome-Elizabeth Gold Project in British Columbia.
Each unit consists of one common share and one warrant.
The warrants issued will entitle the holder to purchase one additional share for a period of 24 months.
President and Chief Executive Officer Jason Bahnsen commented on the financing.
“This placement tops up our existing funds and ensures that Tempus is fully funded through to the beginning of the 2023 exploration program at the Elizabeth Gold Project.”
Tempus is a growth-orientated gold exploration company actively exploring projects located in Canada and Ecuador.
Tempus Resources Ltd. (TMR) currently trades at C$0.05 per share.