Tembo Gold Corp. announced a non-brokered private placement of 2,020,000 common shares at a price of CAD 0.27 per share for gross proceeds of up to CAD 545,400 on April 27, 2022. The transaction will include participation from insiders of the company.

The company may pay finder's fee in connection with the transaction in accordance with the policies of the exchange. The transaction is subject to approval from the Exchange. All securities issued will be subject to four months hold period from the date of closing.