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Tsodilo Resources Limited - Announces Non-Brokered Private Placement of Units
TORONTO, ON / ACCESSWIRE / March 15, 2024 / Tsodilo Resources Limited (TSX Venture Exchange: TSD...
About this update from Tsodilo Resources Limited
[{"type":"text","content":"Tsodilo Resources Limited - Announces Non-Brokered Private Placement of UnitsTORONTO, ON / ACCESSWIRE / March 15, 2024 / Tsodilo Resources Limited (TSX Venture Exchange: TSD) (\"Tsodilo\" or the \"Company\")(TSX-V:TSD)(OTCQB:TSDRF)(FSE:TZO) is pleased to announce that it has negotiated a non-brokered private placement (the \"Private Placement\") of 621,660 units of the Company (the \"Units\") at a price per Unit of CDN $0.20, which will provide gross proceeds to the Company in the amount of CDN $124,332. Proceeds from the Private Placement will be used for the advancement of the Xaudum Iron Formation project in Botswana and for general corporate purposes and working capital.Each Unit will consist of one common share in the capital of the Company (\"Common Share\") and one Common Share purchase warrant (\"Warrant\") of the Company, each such Warrant entitling the holder to purchase one Common Share of the Company for a period of 24 months from the date of closing at an exercise price of USD $0.20.The Common Shares and the Warrants comprising the Units and the Common Shares underlying the Warrants will be subject to a four month plus a day hold period from the date of closing per applicable regulatory requirements.Closing of the Private Placement is subject to, among other things, receipt by the Company of TSX Venture Exchange approval.About Tsodilo Resources LimitedTsodilo Resources Limited is an international diamond and metals exploration company engaged in the search for economic diamond and metal deposits at its Bosoto (Pty) Limited (\"Bosoto\") and Gcwihaba Resources (Pty) Limited (\"Gcwihaba\") projects in Botswana. The Company has a 100% stake in Bosoto which holds the BK16 kimberlite project in the Orapa Kimberlite Field (OKF) in Botswana and a 100% stake in its Gcwihaba project area consisting of five metal (base, precious, platinum group, and rare earth) prospecting licenses all located in the North-West district of Botswana. Tsodilo manages the exploration of the Gcwihaba and Bosoto projects.FOR FURTHER INFORMATION PLEASE CONTACT:James M. Bruchs Chairman and Chief Executive Officer [email protected] Office Telephone +1 416 800-4214 Facsimile +1 416 987-4369Website www.TsodiloResources.com This press release may contain forward-looking statements. All statements, other than statements of historical fact, ...