- Tempus Resources (TMRR) has upsized its non-brokered private placement for gross proceeds of up to $1.3 million
- The company will now issue up to 16,666,667 flow-through units and up to 6,000,000 units
- Net proceeds will be used for the exploration of the Elizabeth-Blackdome Project in B.C.
- Tempus is a gold exploration company exploring projects located in Canada and Ecuador
- Tempus Resources Ltd. (TMR) opened trading at C$0.055 per share
Tempus Resources (TMRR) has upsized its previously-announced non-brokered private placement for gross proceeds of up to $1.3 million.
Under the revised terms, the company will issue up to 16,666,667 flow-through units at $0.06 and up to 6,000,000 units at C$0.05 per unit.
Each unit will consist of one common share and one common share purchase warrant.
Each FT unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share for $0.09 for a period of 24 months.
Red Cloud Securities Inc. will act as a finder in connection with the offering.
Net proceeds will be used for the exploration of the Elizabeth-Blackdome Project located in southern British Columbia. 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 will be subject to a statutory four-month hold period.
Tempus is a gold exploration company exploring projects located in Canada and Ecuador.
Tempus Resources Ltd. (TMR) opened trading at C$0.055 per share.