Tembo Capital discloses 19.9% stake in StrikePoint Gold on subscription receipt conversion
Reuters2026/09/09 18:52- Tembo Capital bought 20,300,000 subscription receipts in a C$ 190 million financing tied to the Northumberland Gold Project acquisition.
- Tembo held 0% of outstanding shares immediately after closing since the subscription receipts carry no voting rights before conversion.
- On conversion, Tembo is expected to own 20,300,000 shares, about 19.9% of shares outstanding on a non-diluted basis.
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