Tempus Resources Ltd, which has gold exploration projects in Canada and Ecuador, has appointed Christopher Hansen and Andrea Betti as non-executive directors of the company, effective immediately.
These appointments were made at the company’s annual general meeting held today and following which CEO and president Jason Bahnsen reverted to these roles after a brief time serving as managing director for compliance reasons.
The company also intends to undertake an underwritten non-renounceable entitlement offer of one fully paid ordinary share for every one share held by eligible shareholders to raise up to approximately $1.714 million.
New directors
Hansen is a multidisciplinary metals and mining professional, combining core technical fundamentals with a strong finance and project development mindset.
Betti is an accounting and corporate governance professional, with more than 25 years of experience in accounting, corporate governance, finance and corporate banking.
Technical foundation
Having initially focused on building a solid technical foundation with industry majors such as Fortescue (ASX:FMG) and Barrick Gold, Hansen later joined a preeminent London-based mining private equity fund developing robust investment skills, project development expertise, market knowledge and strong industry relations.
Since returning to Australia, he has leveraged his experience in public and private markets, more recently having led mining business development activities for one of Australia’s largest private investment groups.
Hansen, who holds a BSc in Geology from the University of Auckland and an MSc in Mineral Economics from Curtin University, is currently the managing director & CEO of Greenstone Resources.
Corporate experience
Betti, who has a Bachelor of Commerce, Graduate Diploma in Corporate Governance, Graduate Diploma in Applied Finance and Investment, and a Master of Business Administration, is a member of the Institute of Chartered Accountants in Australia and New Zealand and an associate member of the Governance Institute of Australia.
She is currently a director of a corporate advisory firm based in Perth that provides corporate and other advisory services to public listed companies.
Betti has also held roles as non-executive director, chief financial officer and company secretary for companies in the private and public listed sector, and continues to hold various roles in this capacity with publicly listed companies.
Entitlement offer
To support ongoing exploration and project generation, Tempus is seeking to raise up to $1.714 million in an underwritten non-renounceable entitlement offer at an issue price of $0.005 per share.
The rights issue of one fully paid ordinary share in the capital of the company for every one share held by eligible shareholders will be fully underwritten by RM Capital Pty Ltd, which has also been engaged to act as lead manager to the issue.
Funds raised will be allocated towards origination/evaluation of potential new acquisitions, a process to realise value from the Blackdome-Elizabeth gold assets in southern British Columbia, as well as the company’s working capital and expenses of the rights issue.
The company intends to release a prospectus for the rights issue to its ASX platform on Tuesday, December 12, 2023 following lodgement of the prospectus with ASIC.
As well as the flagship, the Blackdome-Elizabeth Project, a high-grade gold past-producing project, the company holds two exploration projects in southeast Ecuador, the Rio Zarza and the Valle del Tigre projects.