CEO and CFO buying at Tembo Gold (TEM)

CEO and CFO buying at Tembo Gold (:TEM)

Walter David Scott, CEO and Director, acquired 3,333,333 Common Shares on a direct ownership basis at a price of $0.075 through a prospectus or prospectus exempt offering on July 20th, 2020. This represents a $250,000 investment into the company's shares and an account share holdings change of greater than 100%.

In addition, Simon Charles Benstead, CFO, Director and 10% Holder, acquired 2,823,333 Common Shares on a direct ownership basis at a price of $0.075 through a prospectus or prospectus exempt offering on July 20th, 2020. This represents a $211,750 investment into the company's shares and an account share holdings change of 34.7%.

Tembo Gold is in the Gold Sub Industry Group under the Basic Materials Sector.

Tembo Gold Corp. is an exploration-stage company. The Company is engaged in the acquisition, exploration and development of mineral properties in Tanzania, East Africa. The Company is engaged in the exploration and development of unproven exploration and evaluation assets. Its exploration and evaluation assets are located in Tanzania, and its corporate assets are located in Canada. Its main asset is the Tembo gold property (the Tembo Project) located in northwest Tanzania. The project is located directly northwest of and adjacent to the Bulyanhulu mine and comprises approximately 40 contiguous prospecting licenses and license applications covering a total area of approximately 110 square kilometers. Geologically, the Tembo Project is situated in the Lake Victoria goldfield in the Sukumaland greenstone belt, an Archean age succession of volcanic and sedimentary rocks. The Company has no revenues.