Tembo Gold Corp. To Be Late in Filing Fiscal 2018 Financials; Applies For Management Cease Trade Order
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Tembo Gold Corp. To Be Late in Filing Fiscal 2018 Financials; Applies For Management Cease
Trade Order
April 29 , 2019, Tembo Gold Corp. (TSXV: TEM) (FRANKFURT: T23) (“Tembo” or the
“Company”) anticipates that it will be unable to file its annual audited consolidated financial statements,
management’s discussion and analysis and chief executive officer and chief financial officer certifications
for the financ ial year ended December 31, 2018 (collectively, the “Required Filings”) by the f iling
deadline of April 30, 2019. Accordingly, the Company ha s made an application to the applicable
regulatory authorities for a management cease trade o rder. A blackout period will be in effect, until the
Required Filings are filed and the management cease trade order is revoked.
The delay in filing the Required Filings is the result of difficulty in obtaining financial information from
the Company’s subsidiaries in Tanzania. The Company has engaged an auditor in Tanzania and expects to
receive the required financial information from its Tanzanian subsidiaries by late May , 2019. Tembo
anticipates that it will file the Required Filings by June 27, 2019. The Company confirms that it intends to
satisfy the provisions of the alternative information guidelines set out in National Policy 12 -203
Management Cease Trade Orders for so long as it remains in default of the filing requirements set out
herein.
The Company confirms that, as at the date hereof, there are no insolvency proceedings against it and there
is no other material information concerning the affairs of the Company that has not been generally
disclosed.
About Tembo Gold Corp.
Tembo Gold Crop (TSX -V: TEM) is a Canadian publicly -listed mineral exploration company with a
100% interest in the Tembo Gold Project which is loca ted adjacent to African Barrick’ s 14Moz
Bulyanhulu Gold Mine in the prolific Lake Victoria Greenstone belt in Tanza nia. Tembo’s focus is the
discovery and development of 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. The
Company's exploration strategy is to discover mineral resources as well as continue to look for additional
opportunities that can bring value to the Company and shareholders.
On Behalf of the Board of Directors of Tembo,
David Scott
President & CEO
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
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Forward-Looking Statements
This press release contains forward -looking statements. The forward -looking statements contained in this do cument
are based on certain key expectations and assumptions made by Tembo and are often, but not always, identified by
the use of words such as “anticipates”, “intends’, “expects”, and similar expressions. Although Tembo believes that
the expectations and assumptions on which the forward- looking statements are based are reasonable, undue reliance
should not be placed on the forward- looking statements because Tembo can give no assurance that they will prove
to be correct. Since forward -looking statements ad dress future events and conditions, by their very nature they
involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to
a number of factors and risks. These include, but are not limited to, the timing for filing the Required Filings, failure
to obtain financial information from its Tanzanian subsidiaries, and risks associated with the mining industry in
general. Readers are cautioned that the foregoing list of factors is not exhaustive. The forw ard-looking statements
contained in this document are made as of the date hereof and Tembo undertakes no obligation to update publicly or
revise any forward -looking statements or information, whether as a result of new information, future events or
otherwise, unless so required by applicable securities laws.