Vancouver, British Columbia – Tembo Gold Corp. (TSXV: TEM) (“Tembo”, or the “Company”) – is pleased to announce that its subsidiary Tembo Gold Tanzania Limited (the “Subsidiary”) has entered into a License Purchase Agreement dated August 28th, 2023 (the “Agreement”) with an arm’s length private Tanzanian Citizen, pursuant to which the Subsidiary will acquire (the “Acquisition”) the Dora Gold Project (the “Project”) in Tanzania.
Tembo Gold Announces Transformative Acquisition and Landmark Investment from Tanzanian Strategic Investor
Vancouver, British Columbia – Tembo Gold Corp. (TSXV: TEM) (“Tembo”, or the “Company”) is pleased to announce that it has entered into a Licences Purchase Agreement dated August 9th, 2023 (the “Agreement”) with Lake Victoria Gold Ltd. (“LVG”), a private Australian company, pursuant to which the Company will acquire (the “Acquisition”), indirectly through its wholly-owned subsidiary Tembo Gold Tanzania Limited, LVG’s Imwelo Gold Project (the “Project”) in Tanzania. Tembo has also entered into a binding letter of intent dated August 8th, 2023 for a C$11,520,000 financing with Taifa Mining and Civils Limited (“Taifa”), a prominent Tanzanian mining contracting firm.
