- Tsodilo Resources (TSD) has announced a non-brokered private placement for gross proceeds of $440,188.20
- The company will issue 2,200,941 units at $0.20 per unit
- Proceeds will be used primarily for the advancement of the Xaudum Iron Formation project in Botswana
- Tsodilo Resources is an international diamond and metals exploration company
- Tsodilo Resources Ltd. (TSD) opened trading at C$0.26
Tsodilo Resources (TSD) has announced a non-brokered private placement for gross proceeds of $440,188.20.
The company will issue 2,200,941 units at $0.20 per unit. Each unit will consist of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one additional common share for a period of 24 months.
Proceeds will be used for the advancement of the Xaudum Iron Formation project in Botswana and for general corporate purposes and working capital.
All securities issued will be subject to a statutory four-month hold period.
A company director has subscribed for 100,000 units.
Tsodilo Resources is an international diamond and metals exploration company focused on the search for diamond and metal deposits at its Bosoto (Pty) Limited and Gcwihaba Resources (Pty) Limited projects in Botswana.
Tsodilo Resources Ltd. (TSD) opened trading at C$0.26.