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Tsodilo Resources Limited Announces Warrant Extension
TORONTO, ON / ACCESSWIRE / December 21, 2022 / Tsodilo Resources Limited ("Tsodilo" or the "Comp...
About this update from Tsodilo Resources Limited
[{"type":"text","content":"Tsodilo Resources Limited Announces Warrant ExtensionTORONTO, ON / ACCESSWIRE / December 21, 2022 / Tsodilo Resources Limited (\"Tsodilo\" or the \"Company\") (TSX-V:TSD)(OTCQB:TSDRF)(FSE:TZO) announces subject to receipt of required acceptance from the TSX-V, the Company will extend the expiry of a total of 2,804,055 outstanding common share purchase warrants (the \"Warrants\"). The Warrants were issued pursuant to a public offering which closed on February 10, 2023, to which the Company issued 2,986,038 units of the Company (each, a \"Unit\") at a price of C$0.50 per Unit. Each Unit consisted of one common share of the Company (a \"Share\") and one Warrant, with each Warrant entitling the holder thereof to purchase one additional Share until January 25, 2023 for the first tranche of units and February 10, 2023 for the second unit tranche, at an exercise price of USD$0.55. Upon TSX-V approval, the term of the Warrants will be amended to extend the expiry date of the Warrants by six-months from January 25, 2023, to July 25, 2023, for the first tranche and February 10, 2023, to August 23, 2023, for the second tranche. All other terms and conditions of the Warrants will remain unchanged.About Tsodilo Resources LimitedTsodilo Resources Limited is an international diamond and metals exploration company engaged in the search for economic diamond, metal deposits and industrial stone at its Bosoto (Pty) Limited (\"Bosoto\"), Gcwihaba Resources (Pty) Limited (\"Gcwihaba\") and Newdico (Pty) Ltd. (\"Newdico) projects in Botswana. The Company has a 100% stake in Bosoto (Pty) Ltd. which holds the BK16 kimberlite project in the Orapa Kimberlite Field (OKF) in Botswana and the PL216/2017 diamond prospection license also in the OKF. The Company has 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. The Company has a 100% interest in its Newdico industrial stone project located in Botswana's Central District. Tsodilo manages the exploration of the Newdico, Gcwihaba, and Bosoto projects. Overall supervision of the Company's exploration program is the responsibility of McDonald Kahari (Pr. Sci. Nat.) a \"qualified person\" as such term is defined in National Instrument 43-101.FOR FURTHER INFORMATION, PLEASE CO...