The purchase brings Borg’s total interest to 600,000 fully paid shares held in a family super fund and 1.3 million shares held by Borg Geoscience Pty Ltd, of which 1.1 million are escrowed until August 15, 2020.
Acquisition in prolific gold-producing area
Tempus recently entered into an agreement to acquire 100% of the shares in Sona Resources Corp, which holds the Blackdome-Elizabeth Gold Project in Canada.
The project is in the prolific gold-producing area of southern British Columbia and includes permitted and historically producing Blackdome Gold Mine, a mill and a tailings storage facility.
Advanced high-grade asset
Borg said the Blackdome-Elizabeth project provided Tempus shareholders with exposure to an advanced high-grade asset with a demonstrated history of gold production,
He added: “The acquisition complements our recently acquired earlier-stage gold exploration assets adjacent to the high-grade, multi-million-ounce Fruta del Norte deposit in southern Ecuador.”