Tembo

Taifa, a Tanzanian civils and mining contractor, has entered into a binding letter of intent for a C$11.52 million financing commitment in Tembo, consisting of three stages of share subscriptions and warrants. The investment includes mining services contracts.

VivoPower announced a binding heads of agreement to merge its subsidiary Tembo into a NASDAQ-listed special purpose acquisition company (CCTS) at an indicative equity value of US$838 million.