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Strategies & Market Trends : Dino's Bar & Grill

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From: Goose94	10/3/2012 7:02:50 PM
	Read Replies (3) of 203020

Tembo Gold (TEM-V) www.tembogold.com 41.2 million o/s Insiders own 25% 49 North Resources 10% BEC International 10% Institutional 15% $5 million working capital Next to African Barrick Gold (ABGLF-U) Buyanhulu gold mine 14 million oz gold. tembogold.com News Release - Tembo arranges $4-million private placement Oct 2nd 2012 Tembo Gold Corp. has entered into an agreement with a syndicate of agents led by Canaccord Genuity Corp. to sell eight million units of the company on a private placement commercially reasonable efforts basis at a price of 50 cents per unit for gross proceeds of up to $4-million. Each unit shall consist of one common share of the company and one-half of one common share purchase warrant. Each warrant shall be exercisable into one common share of the company for a period of 18 months after the closing of the offering at an exercise price of 80 cents. The company has granted the agents an option to sell additional units at the offer price to raise additional gross proceeds of up to $2.0-million. The agent's option shall be exercisable for a period up to 48 hours prior to the closing of the offering. The proceeds raised from the offering will be used for the exploration and development of the company's projects in Tanzania and for general working capital purposes. The closing of the offering is anticipated to occur on or before Oct. 25, 2012, and is subject to receipt of applicable regulatory approvals, including the approval of the TSX Venture Exchange. Securities issued under the offering will be subject to a four-month hold period, which will expire four months from the closing date of the offering. We seek Safe Harbor.

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