Tembo Gold Corporation announced that it has completed the second tranche of its announced non-brokered private placement for aggregate gross proceeds of approximately CAD 1,388,252. Tembo closed the first non-brokered tranche of the Placement on December 2, 2013 for aggregate gross proceeds of approximately CAD 5,948,890.10. The placement marks a co-investment by Stratex (CAD 1,750,000), New Africa Mining Fund II (CAD 3.5 million) and Concept Capital Management Ltd. (CAD 1.0 million), together with other investors.

In addition, the company reported that following its annual and special meeting, Dave Anthony and John Seaman resigned as directors and Neil Gardyne, Bob Foster and Frank Hoegel of NAMF, Stratex and CCM, respectively, were appointed to fill such vacancies.