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,
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.
© 2021 Canjex Publishing Ltd. All rights reserved.