Tempus Resources Ltd is pleased to announce that it has received firm commitments for a A$6.28 million placement to issue 24.99 million shares at an average price of A$0.251 per share . The Placement was well oversubscribed and incorporated strong demand from international and Australian institutional Investors, including specialist gold investment fundsTempus President and CEO, Jason Bahnsen, commented “We are …
Tempus Resources Ltd (“Tempus” or the ” Company “) (ASX:TMR)(TSX.V:TMRR)(OTCQB:TMRFF) is pleased to announce that it has received firm commitments for a A$6.28 million placement to issue 24.99 million shares at an average price of A$0.251 per share (the “Placement”). The Placement was well oversubscribed and incorporated strong demand from international and Australian institutional Investors, including specialist gold investment funds
Tempus President and CEO, Jason Bahnsen, commented “We are pleased with the support shown by institutional investors for our Placement, particularly by experienced specialist gold funds. The funds raised position Tempus to complete the ongoing 12,000 metre drilling program at Elizabeth, develop the underground access for drilling extensions of the vein systems and to begin exploration on the potential satellite deposits identified by geophysical and geochemical studies. ”
The Placement, with average issue pricing representing a 1.6% premium to the volume-weighted average price of Tempus shares for the last 15 trading days, will be...
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