Tembo Gold Corp Raises $4 Million in Equity Financing With Final Placement

Tembo Gold Corp. (TSXV:TEM, OTCQX:TBGPF) announced that it has issued 450,000 units for C$0.50 per Unit for aggregate gross proceeds of C$225,000.

As quoted in the press release:

The Company issued 5,896,000 Units at a price of C$0.50 per Unit for aggregate gross proceeds of C$2,948,000 pursuant to the brokered portion of the Offering, which closed on October 25, 2012. The Company then issued an aggregate of 2,139,000 Units at a price of C$0.50 per Unit for aggregate gross proceeds of C$1,069,500 pursuant to the non-brokered portion of the Offering, which closed in two tranches, on November 9, 2012 and November 23, 2012. In aggregate the Company issued 8,035,000 Units at a price of C$0.50 per Unit for aggregate gross proceeds of $4,017,500.

To view the whole press release, click here.