BRIEF-Tembo Gold announces up to $1.28M strategic private placement

Jan 2 (Reuters) - Tembo Gold Corp TEM.V :

* Announces up to $1.28M strategic private placement

* Co proposes to complete a non-brokered private placement at C$0.10 per unit

* Net proceeds of the financing will be used to fund ongoing exploration costs

on its properties in tanzania

* Each warrant will be exercisable to acquire one share at a price of $0.12 per

share for a period of three years

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