Tempus Capital Inc. Announces Financing

Tempus Capital Inc. Announces Financing

ID: 208952

(firmenpresse) - BURLINGTON, ONTARIO -- (Marketwire) -- 12/03/12 -- Tempus Capital Inc. ("Tempus") announces it has signed an engagement agreement (the "Engagement") with M Partners Inc., an IIROC member firm, in respect of a contemplated financing.

The Engagement contemplates that Tempus will raise up to $150,000 at a price of $0.075 cents per common share ("Seed Round"), and up to a further $2,200,000 (the "Second Round") at a price of $0.15 per Unit, with each Unit consisting of one common share and one common share purchase warrant exercisable at $0.30. The use of proceeds is to fund working capital and to provide Tempus with the ability to source, due diligence and effect acquisitions.

M Partners will immediately be paid a work fee of $10,000.00. M Partners will be paid a cash commission of 4% of the aggregate proceeds of the issue of the Seed Round and Compensation Options exercisable for 18 months equal to 7% of the number of shares issued on the Seed Round, exercisable at $0.075. M Partners will further be paid a cash commission of 7% of the aggregate proceeds of the issue of the Second Round and Compensation Options exercisable for 18 months equal to 7% of the number of shares issued on the Seed Round, exercisable at $0.30.

About Tempus

Tempus is a reporting issuer in British Columbia, Ontario and Alberta. None of Tempus' securities trade through any stock exchange or quotation facility.

On behalf of the board of directors,

Tempus Capital Inc.

Peter M. Clausi, President and CEO

This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.

No regulator nor any Regulation Services accepts responsibility for the adequacy or accuracy of this press release.



Contacts:
Tempus Capital Inc.
Peter M. Clausi
President and CEO
1-416-890-1232




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Bereitgestellt von Benutzer: MARKETWIRE
Datum: 03.12.2012 - 14:31 Uhr
Sprache: Deutsch
News-ID 208952
Anzahl Zeichen: 0

contact information:
Town:

BURLINGTON, ONTARIO



Kategorie:

Commercial & Investment Banking



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