Business
Tsodilo Resources Limited Closes Private Placement Financing for Units
Toronto, Ontario--(Newsfile Corp. - February 2, 2026) - Tsodilo Resources Limited (TSXV: TSD) (OTCQB: TSDRF) (FSE: TZO) ("Tsodilo" or the "Company") is pleased to announce the closing of a non-brokered private placement financing (the "Financing") for gross proceeds to the Company of C$742,095 on February 2, 2026, through the issuance of 4,947,297 units of securities of the Company (the "Units") at a subscription price of C$0.15 per Unit.Each Unit is comprised of one common share in the capital.
About this update from Tsodilo Resources Limited
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - February 2, 2026) - Tsodilo Resources Limited (TSXV: TSD) (OTCQB: TSDRF) (FSE: TZO) ("Tsodilo" or the "Company") is pleased to announce the closing of a non-brokered private placement financing (the "Financing") for gross proceeds to the Company of C$742,095 on February 2, 2026, through the issuance of 4,947,297 units of securities of the Company (the "Units") at a subscription price of C$0.15 per Unit.","length":492,"tagName":"p"},{"type":"text","content":"Each Unit is comprised of one common share in the capital of the Company ("Common Share") and one Common Share purchase warrant ("Warrant") of the Company. Each Warrant entitles the holder thereof to purchase one Common Share for a period of 5 years from the date of issuance at an exercise price of USD$0.15. The Common Shares (including the Common Shares underlying the Warrants) and the Warrants comprising the Units are subject to a statutory four month and one day hold period, which expires on June 3, 2026.","length":533,"tagName":"p"},{"type":"text","content":"In the event that the closing price of the Company's Common Shares on the TSX Venture Exchange is the equivalent of USD $0.30 or greater per Common Share during any 10 consecutive trading day period at any time subsequent to four months and one day after the closing date, the Warrants will expire at 4:00 p.m. (Toronto time) on the thirtieth day after the date on which the Issuer provides notice of such accelerated expiry to the warrantholders, and the warrantholders will have no further rights to acquire any Warrant Shares of the Issuer under the Warrant.","length":565,"tagName":"p"},{"type":"text","content":"The proceeds from this Financing will be used for the advancement of the Critical and Rare Earth Metals project and the Xaudum Iron Formation project, and for general corporate purposes and working capital.","length":206,"tagName":"p"},{"type":"text","content":"About Tsodilo Resources Limited","length":31,"tagName":"p"},{"type":"text","content":"Tsodilo Resources Limited is an international resource exploration company engaged in the search for economic metal deposits at its Gcwihaba Resources (Pty) Limited ("Gcwihaba") projects in Botswana. The Company has a 100% stake in its Gcwihaba project a...