The 2021 exploration program at Elizabeth is fully permitted and on schedule to commence by the end of Q2 2021.
The Placement will be completed utilising the Company’s available capacity under Listing Rules 7.1 and 7.1A.
The shares issued as “Canadian flow-through shares” qualify as such under the Income Tax Act approval and will be subject to a standard Canadian 4 month plus 1 day hold period.
Aesir Corporate Pty Ltd is the Company’s Corporate Adviser.
Mr. Piepgrass has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined by the 2012 Edition of the Australasian Code for reporting of Exploration Results, Mineral Resources and Ore Reserves, and as a Qualified Person for the purposes of NI43-101.
The second key group of projects for Tempus are the Rio Zarza and Valle del Tigre projects located in south east Ecuador.
The forward-looking information and forward-looking statements contained herein may include, but are not limited to, 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 and Uncertainties” in the Company’s Management’s Discussion & Analysis for the quarter and six months ended December 31, 2020 dated February 16, 2021 filed on SEDAR.