Tempus Resources Raises A$740k for Exploration in Manitoba and British Columbia, Canada

Tempus Resources Ltd, an Australian gold exploration company, has raised approximately A$740,000 through a non-brokered private placement. The funds will be used for exploration activities in Manitoba and British Columbia, Canada, as well as for general working capital requirements. The private placement involves the issuance of 31,084,560 fully paid ordinary shares at A$0.023 per share. The shares will be issued under the ASX Listing Rules 7.1 and 7.1A on or around October 6, 2023. The placement shares will only be available to Australian purchasers through the Australian Securities Exchange (ASX). Tempus President and CEO Jason Bahnsen expressed satisfaction with the commitments received, stating that the raised capital will fund exploration work on lithium projects in Manitoba and the Elizabeth Gold Project in British Columbia, as well as cover general working capital needs. Approval from the TSX Venture Exchange (TSXV) is required for the issuance of placement shares. Joint lead managers, Empire Capital Partners and Aesir Capital Pty Ltd, will receive a cash finder’s fee of A$44,395 for their services. Tempus Resources Ltd is an Australian gold exploration company listed on the ASX, TSX Venture Exchange (TSXV), and OTC Pink market. They focus on projects in Canada and Ecuador, with a flagship project in Southern British Columbia. The company recently acquired options over lithium exploration projects in Manitoba and holds two exploration projects in South East Ecuador.