The Prospector News

Tempus Closes A$2.5 Million Private Placement

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Tempus Closes A$2.5 Million Private Placement

 

 

 

 

 

Tempus Resources Ltd (TSX-V: TMRR) (ASX: TMR) (OTC Pink: TMRFF) is pleased to announce that is has closed its previously announced non-brokered private placement on May 19, 2023, raising gross proceeds of approximately A$2.5 million through the issuance of 62,500,000 fully paid ordinary shares in the Company at a price of A$0.04 per Placement Share, together with one free attaching option for every two Placement Shares subscribed for and issued.

 

The Placement Shares will rank equally with existing fully paid ordinary shares of the Company. The Placement Options were issued on about May 19, 2023, and are exercisable by the holder thereof to acquire one fully paid ordinary share of the Company at price of A$0.075 on or before 5 September 2025. The Placement Shares and the Placement Options were approved under Australian Securities Exchange Listing Rules 7.1 but the Private Placement closed without the acceptance of the TSX Venture Exchange.

 

Of the total proceeds to be raised, $2.5 million approximately (5%) is expected to be paid to “Non-Arm’s Length Parties” (as defined in the policies of the TSXV), up to $125,000 (5%) toward Investor Relations Activities, and the balance to be used to further drilling programs, exploration, resource confirmation and geological sampling & testing and for general working capital purposes. The Company intends to apply for quotation of the Placement Options on the ASX.

 

Peloton Capital Pty Ltd and Aesir Capital Pty Ltd acted as joint lead managers for the Private Placement. The Private Placement is non-brokered and the Company has agreed to pay to the Joint Lead Managers A$150,000 in advisory / finders fees plus 15,000,000 Placement Options as compensation. The Broker Options will be subject to shareholder approval

 

About Tempus Resources Ltd

 

Tempus Resources Ltd is a growth orientated gold exploration company listed on ASX and TSX.V and OTCQB stock exchanges. Tempus is actively exploring projects located in Canada and Ecuador. The flagship project for Tempus is the Blackdome-Elizabeth Project, a high-grade gold past producing project located in Southern British Columbia. Tempus is currently midway through a drill program at Blackdome-Elizabeth that will form the basis of an updated NI43-101/JORC resource estimate. The second key group of projects for Tempus are the Rio Zarza and Valle del Tigre projects located in south east Ecuador. The Rio Zarza project is located adjacent to Lundin Gold’s Fruta del Norte project. The Valle del Tigre project is currently subject to a sampling program to develop anomalies identified through geophysical work.

 

 

 

Posted June 8, 2023

Share this news article

MORE or "UNCATEGORIZED"


CENTURY LITHIUM CLOSES FIRST TRANCHE OF LIFE OFFERING

Century Lithium Corp. (TSX-V: LCE) (OTCQX: CYDVF) (Frankfurt: C1Z... READ MORE

August 1, 2025

Newmont Corporation Announces Sale of Holdings of Orosur Mining Inc.

Newmont Corporation (NYSE: NEM) (TSX: NGT) (ASX: NEM) (PNGX: NEM)... READ MORE

August 1, 2025

Sirios Closes Second and Final Tranche of Private Placement for a Cumulative Total of $2,500,000

SIRIOS RESOURCES INC. (TSX-V: SOI) announces that it has closed t... READ MORE

August 1, 2025

Eldorado Gold Reports Strong Q2 2025 Financial and Operational Results; Maintains 2025 Production Guidance; Skouries On Track for Q1 2026

Eldorado Gold Corporation (TSX: ELD)  (NYSE: EGO) reports the Co... READ MORE

August 1, 2025

Dundee Precious Metals Delivers Record Free Cash Flow and Adjusted Net Earnings; Announces Second Quarter 2025 Results

Dundee Precious Metals Inc. (TSX: DPM) announced its operating an... READ MORE

August 1, 2025

Copyright 2025 The Prospector News