- 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
Tempus Resources: Raises $2.5M for gold projects
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