Tembo Gold Announces Results of Annual and Special Meeting
July 26, 2022, Vancouver, BC – Tembo Gold Corp. (TSX.v:TEM) ("Tembo", or the "Company") is pleased to report that at the annual and special meeting of shareholders of the Company (the “Meeting”) held on July 25, 2022, the shareholders re-elected Messrs. David Scott, Simon Benstead, Frank Högel and Marc Cernovitch as directors of the Company. The shareholders also passed ordinary resolutions to: (i) re-appoint Grant Thornton LLP as auditor of the Company for the year;
(ii) approve a new 10% rolling stock option plan (the “New Option Plan”), pursuant to which the Company may grant stock options up to 10% of its issued and outstanding common shares at the time of the grant; and (iii) approve the adoption of an equity incentive plan (the “Equity Incentive Plan”), which would provide the Company with the ability and flexibility to grant equity-based incentive awards in the form of restricted share units, performance share units and deferred share units. The new New Option Plan and Equity Incentive Plan are subject to final acceptance by the TSX Venture Exchange.
Following the Meeting, the directors appointed Mr. David Scott as President and Chief Executive Officer of the Company, Mr. Simon Benstead as Chief Financial Officer and Mr. Nick DeMare as Corporate Secretary. The Board also appointed Messrs. David Scott, Frank Högel and Marc Cernovitch to the audit committee.
About Tembo
Tembo Gold is a Canadian public company listed on the TSX Venture Exchange ("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 20Moz 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.
On Behalf of the Board of Directors of Tembo,
David Scott President & CEO
Phone: +255 767 366 146 Email: [email protected]
For more information please contact:
Simon Benstead Marc Cernovitch Director & CFO Director & VP Corporate Development
Phone: 604-685-9316 Phone: +1 647 203 7868 Email: [email protected] Email: [email protected]
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