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Tempus Resources: Raises $2.5M for gold projects

August 24, 2020

Tempus Resources has received firm commitments to raise $2.5 million after entering a trading halt late last week
The company entered the halt on August 20 but did not state how much it would raising or what the money will used for
To raise the $2.5 million, more than eight million new shares will issued to institutional and sophisticated investors at a price of 31 cents each
Tempus will use the money for its Blackdome-Elizabeth Gold project, invest in Ecuador projects and for working capital
The Blackdome zone lies 30 kilometres north of Elizabeth
Company shares are currently up 3.03 per cent and are trading for 34 cents each