Tempus raises AU$1.02 million and announces Entitlements Offer

Tempus Resources Ltd (ASX: TMR) announced that it had received firm commitments to raise AU$1.02 million via a private placement. The placement comprised the issue of approx. 20,338,885 fully paid ordinary shares at an issue price of AU$0.05 per new share, with one free attaching option for every new share subscribed for and issued.   

In addition to the private placement, the company also announced the Australian Entitlements Offer exclusive to those Eligible Shareholders. Under the Australian Entitlements Offer, Eligible Shareholders will be offered the opportunity to buy, on a pro-rata basis, one new fully paid ordinary share for each two fully paid ordinary shares held in the company as of the record date, at an issue price of AU$0.05 per Entitlement Share, with one new option for every Entitlement Share subscribed for and issued for gross proceeds of up to approx. AU$3.9 million.

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