• Stratex is to invest up to C$1.657m to earn into 10.3% of the company. Stratex's stake could rise to 18.7% on the exercise of warrants from the issue. • 'The new investor Group, through a voting pool arrangement, could control up to 60.5% of Tembo on a fully diluted basis.' • The funding is subject to a minimum subscription of C$7.0m. • Tembo Gold has been run by David Scott, formerly at Shanta Gold. Scott, who lives in Tanzania, is stepping down from the board though he will continue with the company.