Tembo Gold Corp (TSXV:TEM) announced a non-brokered private placement of up to 7,500,000 common shares at CAD 0.03 per share for gross proceeds of up to CAD 225,000 on January 20, 2017. The securities issued will be subject to four month hold period from the date of closing. The transaction is subject to TSX Venture Exchange approval. The company may pay finders’ fees on a portion of the transaction.