Vancouver, July 2, 2020 – Tembo Gold Corp. (TSXV: TEM) (“Tembo” or the “Company”) announces that at the special meeting of the shareholders of Tembo held on June 30, 2020 in Vancouver, BC, the shareholders voted in favour of all items of business including a 3:1 share consolidation, continuation of the Company from the Province of Ontario into the Province of British Columbia and the Company’s new stock option plan.
The Company intends to complete the share consolidation shortly. Upon completion of the share consolidation, the Company intends to complete the second tranche of the previously announced private placement which has been increased to up to $1,100,000 at $0.075 per share (post-consolidation).
About Tembo Gold Corp.
Tembo is a Canadian publicly-listed mineral exploration company with a 100% interest in the Tembo Gold Project which is located adjacent to African Barrick’s 14Moz Bulyanhulu Gold Mine in the prolific Lake Victoria Greenstone belt in Tanzania. Tembo’s focus is the discovery and development of gold projects in Africa. The Company has assembled a highly experienced team with a proven history of developing, financing, and operating mining projects in Africa. The Company’s exploration strategy is to discover mineral resources as well as continue to look for additional opportunities that can bring value to the Company and shareholders.
On Behalf of the Board of Directors of Tembo,
President & CEO
For more information please contact:
Director & VP Corporate Development
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