Business
Tembo Gold Announces Commencement of Trading on OTCQB
Vancouver, British Columbia--(Newsfile Corp. - November 11, 2022) - Tembo Gold Corp. (TSXV: T...
About this update from Lake Victoria Gold Ltd
[{"type":"text","content":"Tembo Gold Announces Commencement of Trading on OTCQBVancouver, British Columbia--(Newsfile Corp. - November 11, 2022) - Tembo Gold Corp. (TSXV: TEM) (\"Tembo\" or the \"Company\") is pleased to announce that it has been approved to trade on the OTCQB® Venture Market (the \"OTCQB\") under symbol TBGPF. The trading of the Company's common shares on the OTCQB will commence November 11th . About Tembo Gold Corp.Tembo Gold is a Canadian public company listed on the TSX Venture Exchange (\"TSX-V\") under the symbol TEM. The Company has a 100% interest in the Tembo Gold Project which has over forty thousand meters of drilling and is located adjacent to Barrick's 20Moz Bulyanhulu Mine in Tanzania's prolific Lake Victoria Greenstone belt. Tembo recently completed a transaction with Barrick (who now owns approximately five percent of Tembo), whereby Tembo sold six of its non-core licenses to Barrick for $6mm USD, and Barrick is committed to spending $9mm USD over the first four years. Additionally, Tembo will receive contingent payments of up-to $45mm USD on the first five million ounces discovered by Barrick. The company has assembled a highly experienced team with a track record of developing, financing, and operating mining projects in Africa. Tembo is focused on the discovery and development of world-class gold projects in Africa as well as seeking additional opportunities that can bring value to the company and shareholders.On Behalf of the Board of Directors of Tembo,David ScottPresident & CEOPhone: +255 767 366 146Email: [email protected] more information please contact:Simon BensteadDirector & VP Corporate DevelopmentPhone: 604-685-9316Email: [email protected] 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.Cautionary Note Regarding Forward-Looking StatementsCertain information set out in this news release constitutes forward-looking information. Forward looking statements are often, but not always, identified by the use of words such as \"seek\", \"anticipate; \"plan\", \"continue; \"estimate; \"expect\", \"may, \"will\", \"intend\", \"could\", \"might\", \"should\", \"believe\" and similar expressions. This news release contains forward-looki...