The wait is over: the deal between Barrick Gold Corp. and Tembo Gold Corp. is now official. For $6 million, Bulyanhulu Gold Mine Limited is acquiring from Tembo six licenses near Barrick's world-renowned Bulyanhulu Mine. Concurrently, Buly is acquiring 5,518,764 common shares of Tembo in a private placement at a price of C$0.27 per common share, resulting in a pro forma interest of 5.5%. In addition, by acquiring the [...]
Tembo Gold Corp. is pleased to announce that it has completed its previously announced sale of certain non-core prospecting licenses in Tanzania with Barrick Gold Corp. and Bulyanhulu Gold Mine Limited , a subsidiary of Barrick , in consideration for: US$6,000,000; contingent payments to be based on the inferred, indicated and measured gold mineral resources identified in the areas of land which are covered by the [...]
Tembo Gold Corp. is pleased to announces that it has retained Global Financial Network Ltd. to provide investor relations and communication services. GFN is led by James West the founder and CEO of Midas Letter Financial Group Ltd., a Canadian investment and media enterprise that uses its financial media platform as a discovery investment tool for its subscribers, viewers, partners and clients. He is a 30-year veteran of [...]
Tembo Gold Corp. is pleased to provide this update to its news release dated December 7th, 2021 regarding the sale of non-core licenses to, and an equity placement by, Barrick Gold Corp.'s Tanzanian subsidiary, Bulyanhulu Gold Mine Limited. The Company is in the final process of obtaining the required regulatory approvals in Tanzania as more particularly set out in the asset purchase agreement a copy of which has been [...]
Tembo Gold Corp. is pleased to provide this update to its news release dated December 7th, 2021 regarding the sale of non-core licenses to, and an equity placement by, Barrick Gold Corp.'s Tanzanian subsidiary, Bulyanhulu Gold Mine Limited . The Company is in the process of obtaining the required regulatory approvals in Tanzania as more particularly set out in the asset purchase agreement a copy of which has been filed on [...]
Tembo Gold Corp. is pleased to advise that pending final approval from the Tanzanian Mining Commission a drill contractor has been selected to commence a drill program. Refurbishment work is ongoing at Company's camp facility and will be completed prior to mobilisation in February. Initial drill hole planning is well underway on the priority target Ngula 1, and further holes will be designed on return of results from the [...]
Tembo Gold Corp. is pleased to announce that it has entered into a binding agreement with Barrick Gold Corp. , Bulyanhulu Gold Mine Limited , a subsidiary of Barrick, and Mineral Industry Promotion and Consulting Company Limited , a wholly-owned subsidiary of the Company, dated December 7th, 2021 in respect of the sale of certain non-core prospecting licenses. Pursuant to the Purchase Agreement, MIPCCL has agreed to sell [...]
Tembo Gold Corp. is pleased to advise that preparations to commence the next phase of exploration drilling are progressing with the retention of the services of country and administrative manager, Paul Magege, the establishment of a new registered office in Dar es Salaam, submission to the Mining Commission of the advice that a drilling contract is to be awarded, and the commencement of site preparations including camp [...]
Tembo Gold Corp. is pleased to announce the appointment of Andrew Pedley as Exploration Project Manager of the Company's Tembo Project in northern Tanzania, in anticipation of the commencement of preparations at site and drill rig mobilisation to test highest priority targets. Highlights Andrew is a highly knowledgeable and experienced exploration geologist with 15 years experience designing and implementing well-targeted [...]
Tembo Gold Corp. is pleased to provide this update on recent activities and the status of the Company, highlighting the planned imminent restart of exploration activities at its Tembo Gold Project in the highly prolific Lake Victoria Goldfield in northern Tanzania. Highlights Restarting Exploration - After a care and maintenance period of seven years, Tembo Gold is about to relaunch its exploration programme on the Tembo [...]
Tembo Gold Corp. announces the granting of stock options to directors and advisors for the purchase of up to 1,372,000 common shares, at an exercise price of $0.185 per share, for a period of three years. 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 [...]
Tembo Gold Corp. announces that further to its news releases dated June 23rd, 2021 and August 3rd, 2021, the Company has completed the second and final closing of its non-brokered private placement financing by issuing an additional 706,666 common shares of the Company, at a price of $0.15 per Share. The Company has issued a total of 14,810,031 Shares pursuant to the Financing, for gross proceeds of $2,221,505. All Shares [...]
+3050,00 %
-85,71 %
