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Tempus Resources Ltd has raised A$2.5 million through a non-brokered private placement of 62,500,000 shares at A$0.04 per share, along with one free attaching listed option for every two shares issued.
Funds will be used for further exploration and development of the high-grade Elizabeth Gold Project in British Columbia and general working capital requirements.
Peloton Capital Pty Ltd and Aesir Capital Pty Ltd acted as joint lead managers for the private placement, and the company will pay them A$150,000 and 15,000,000 Placement Options as compensation.