Tempus Resources Ltd.   is pleased to announce that it has closed its previously announced Canadian “non-brokered private placement”. Tempus issued ‎4,730,000‎ ordinary shares at an issue price of C$0.265 per share for gross proceeds of C$1,253,450 . The Placement was to two institutional investors, including one managed by Sprott Asset Management LP.Proceeds from the placement will be applied to the Company’s …

Tempus Resources Ltd. (ASX: TMR) (TSXV: TMRR) (“Tempus” or “the Company”) is pleased to announce that it has closed its previously announced Canadian “non-brokered private placement”. Tempus issued ‎4,730,000‎ ordinary shares at an issue price of C$0.265 per share (approximately A$0.28 per share) for gross proceeds of C$1,253,450 (the “Placement”). The Placement was to two institutional investors, including one managed by Sprott Asset Management LP.

Proceeds from the placement will be applied to the Company’s Blackdome-Elizabeth Gold Project in British Columbia, Canada. The Placement shares were issued as Canadian flow-through shares, which provide tax credits to those investors for capital to be used in qualifying mining and exploration activities.

The Placement comprises a single tranche under the Company’s available placement capacity under ASX Listing Rule 7.1.

In connection with the Placement, Tempus paid finders fees of $75,207 and issued 283,800 warrants (strike price C$0.265) to Clarus Securities Inc.

All securities issued above are subject to a hold period of 4 months and one day from the date of closing, which will expire on April 19, 2021.

Tempus also reports the issuance of incentive stock options to certain directors and officers to purchase up to 3,000,000 ordinary shares in the capital of the Company pursuant to its stock option plan. 1,500,000 of options have an exercise price of CAD$0.29 per share and 1,500,000 of options have an exercise price of CAD$0.37 per share. All option are exercisable on or before December 14, 2023.

This announcement has been authorised by the Board of Directors of Tempus Resources Ltd.

For further information:

TEMPUS RESOURCES LTD –

Melanie Ross – Director/Company Secretary Phone: +61 8 6188 8181

About the Blackdome-Elizabeth Gold Project

Tempus is focussed on rapidly verifying and expanding the historical high grade Mineral Resource at the Blackdome-Elizabeth Project in British Columbia by drilling extensions to existing mineralisation and other high priority targets within the 350 km2 licence area, which remains relatively unexplored. Tempus also intends to leverage the existing permitted mill, tailings dam and other infrastructure at Blackdome with the aim of re-commencing production as the Project proceeds.

Forward-Looking Information and Statements

This press release contains certain “forward-looking information” within the meaning of applicable ‎Canadian securities ‎legislation. Such forward-looking ‎information and forward-looking statements are not ‎representative of historical facts or information or current ‎condition, but instead represent only the ‎Company’s beliefs regarding future events, plans or objectives, many of ‎which, by their nature, are ‎inherently uncertain and outside of Tempus’s control. Generally, such forward-looking ‎information or ‎forward-looking statements can be identified by the use of forward-looking terminology such as ‎‎”plans”, ‎‎”expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, ‎‎‎”anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may ‎contain ‎statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be ‎taken”, “will continue”, ‎‎”will occur” or “will be achieved”. The forward-looking information and forward-‎looking statements contained herein ‎may include, but are not limited to, the use of proceeds from the Placement, the ability of the Company to leverage the existing permitted mill, tailings dam and other infrastructure at Blackdome-Elizabeth, the ability of the Company to rapidly verify and expand the historical high grade Mineral Resource at the Blackdome-Elizabeth , the ability of Tempus to successfully achieve business ‎objectives, ‎and expectations ‎for other economic, ‎business, and/or competitive factors.‎ Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Tempus to control or predict, that may cause Tempus’ actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein and the other risks and uncertainties disclosed under the heading “Risk Factors” in the Company’s listing application dated December 3, 2020 filed on SEDAR. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions ‎underlying the ‎forward-looking information or statements prove incorrect, actual results may vary ‎materially from those described ‎herein as intended, planned, anticipated, believed, estimated or ‎expected.‎ Although Tempus believes that the assumptions and factors used in preparing, and the expectations ‎contained ‎in, the forward-looking information and statements are reasonable, undue reliance should not ‎be placed on such ‎information and statements, and no assurance or guarantee can be given that such ‎forward-looking information and ‎statements will prove to be accurate, as actual results and future events ‎could differ materially from those anticipated ‎in such information and statements. The forward-looking ‎information and forward-looking statements contained in this ‎press release are made as of the date of ‎this press release, and Tempus does not undertake to update any ‎forward-looking information ‎and/or forward-looking statements that are contained or referenced herein, except in ‎accordance with ‎applicable securities laws. All subsequent written and oral forward-looking information and ‎statements ‎attributable to Tempus or persons acting on its behalf is expressly qualified in its entirety by this ‎‎notice.‎

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/70691

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