April 7, 2022
Tempus Resources Ltd. (TSXV:TMRR, Not Rated, Timothy Lee) has closed its previously announced, non-brokered private placement for gross proceeds of C$718k. The company issued 9.83M units at a price of C$0.07/unit and 0.35M flow-through (FT) units at a price of C$0.085/FT unit. Each unit and FT unit consists of one common share and one half of a purchase warrant exercisable at a price of C$0.11/sh for a period of 24 months from issuance. Proceeds from the offering are expected to be used for exploration expenditures and for general corporate purposes. Tempus’ 2022 exploration program at the Blackdome-Elizabeth Au project is expected to commence in Q2/22 with 8,500m of drilling planned at Elizabeth. Drilling is expected to follow up and expand on the results from the 2021 program which intercepted high-grade Au (read more). Read more
