23:51:42 EDT Mon 19 Oct 2020
Enter Symbol
or Name
USA
CA



DuSolo Fertilizers Inc
Symbol DSF
Shares Issued 130,294,385
Close 2015-10-06 C$ 0.09
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DuSolo investor acquires 7.96 million company shares

2015-10-06 19:20 ET - News Release

An anonymous director of Tembo reports

TEMBO CAPITAL MINING FUND LP ACQUIRES ADDITIONAL COMMONS SHARES OF DUSOLO FERTILIZERS INC.

Pursuant to a non-brokered private placement of DuSolo Fertilizers Inc. of common shares, which closed on Oct. 1, 2015, Tembo Capital Mining Fund LP, of Carinthia House, 9-12 the Grange, St. Peter Port, Guernsey, GY1 4BF, United Kingdom, has acquired 7,965,000 common shares of DuSolo at a price of 10 cents per share for a total subscription price of $796,500. As part of the offering, for each common share acquired, Tembo Capital Mining Fund also received one-half common share purchase warrant. Each whole warrant entitles the holder to acquire one common share at an exercise price of 15 cents for a period of 36 months from closing.

Immediately following the closing of the offering, Tembo Capital Mining Fund had beneficial ownership of, and control and discretion over, directly or indirectly, 28,063,519 common shares, or approximately 18.15 per cent of the issued and outstanding common shares of DuSolo, and 3,982,500 warrants.

Tembo Capital Mining Fund is an accredited investor, and therefore, DuSolo relied on the exemption from prospectus and registration requirements in connection with the foregoing transaction, contained in Section 2.3 of National Instrument 45-106 (prospectus and registration exemptions).

Tembo Capital Mining Fund acquired beneficial ownership of, and control or discretion over, the common shares and warrants that are the subject of this report for investment purposes and intends to review its investment in DuSolo on a continuing basis.

For further information, or to obtain a copy of the subject early warning report filed by Tembo Capital Mining Fund in accordance with applicable Canadian securities laws, please contact Paul Siveyer at 44-207-917-2805.

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