Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
TORONTO, ONTARIO–(Marketwire – June 6, 2012) – Tembo Gold Corp. (TSX VENTURE:TEM)(FRANKFURT:T23) (“Tembo” or the “Company) is pleased to announce that 6,139,218 of its common share purchase warrants (“Warrants”) will begin trading on the TSX Venture Exchange (“TSX‐V”) at the open on June 7, 2012, under the symbol TEM.WT. An additional 718,215 Warrants will begin trading on the TSX-V at the open on June 18, 2012 under the same symbol once they become freely tradable.
The Warrants were issued pursuant to a warrant indenture between Tembo and Alliance Trust Company dated November 18, 2011. Each Warrant entitles the holder to purchase one common share of the Company at a price of $1.75 per share and will expire 4:30PM EST on Monday, December 29, 2014.
About Tembo Gold Corp.
Tembo is a Canadian public company listed on the TSX‐V under the symbol TEM. The Company currently has 100% interest in the Tembo Gold Project which is located adjacent to African Barrick’s Bulyanhulu Mine in the prolific Lake Victoria Greenstone belt in Tanzania. Our focus is the discovery and development of world‐class gold projects in Africa. The company has assembled a highly experienced team with a proven history of developing, financing, and operating mining projects in Africa. The Company’s exploration strategy is to discover mineral resources as well as continue to look for additional opportunities that can bring value to the Company and shareholders.
On Behalf of the Board of Directors of Tembo, David Scott, President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
