Tempus Resources director Brendan Borg acquires 200,000 shares worth $38,000 after gold acquisition

Tempus is a multi-commodity exploration company with assets in South Australia and the Northern Territory, as well as in Ecuador.

Tempus Resources Ltd - Tempus Resources director Brendan Borg acquires 200,000 shares worth $38,000
Tempus shares last traded at 20 cents each

Tempus Resources Ltd (ASX:TMR) non-executive director Brendan Borg has indirectly acquired 200,000 fully paid ordinary shares worth $38,000 through an on-market purchase.

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.”

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Tempus Resources Ltd named herein, including the promotion by the Company of Tempus Resources Ltd in any Content on the Site, the Company...



European Metals back drilling at Cinovec to build confidence ahead of debt...

European Metals Holdings (LON:EMH) Keith Coughlan updates Proactive on developments at their Cinovec lithium project in the Czech Republic. The company has begun resource drilling at the Cinovec Lithium-Tin Project, with a total of 19 resource drill holes to be completed during the campaign...

13 hours, 14 minutes ago

2 min read