Tembo Gold Announces Commencement of Trading on OTCQB
Tembo Gold Announces Commencement of Trading on OTCQB
Vancouver, British Columbia, 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 Scott
President & CEO
Phone: +255 767 366 146
Email: [email protected]
For more information please contact:
Simon Benstead
Director & VP Corporate Development
Phone: 604-685-9316
Email: [email protected]
NEITHER 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 Statements
Certain 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",
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"continue; "estimate; "expect", "may, "will", "intend", "could", "might", "should", "believe" and similar
expressions. This news release contains forward -looking statements, including, without limitation, the
application to trade the Company’s shares on the OTCQB. Forward-looking statements are based upon the
opinions and expectations of management of the Company as at the effective date of such statements
and, in certain cases, information provided or disseminated by third parties. Although the Company
believes that the expectations reflected in such forward -looking statements are based upon reasonable
assumptions, and that information obtained from third party sources is reliable, they can give no assurance
that those expectations will prove to have been correct. Readers are cautioned not to place undue reliance
on forward-looking statements.
These forward-looking statements are subject to a number of risks and uncertainties. Actual results may
differ materially from results contemplated by the forward- looking statements. Factors that could cause
actual results to differ materially from those in forward -looking statements include that the re is no
assurance that the Company’s application to trade its common shares on the OTCQB will be approved .
Accordingly, the actual events may differ materially from those projected in the forward- looking
statements. When relying on forward-looking statements to make decisions, investors and others should
carefully consider the foregoing factors and other uncertainties and should not place undue reliance on
such forward -looking statements. The Company does not undertake to update any forward- looking
statements, except as may be required by applicable securities laws.