Tsodilo Resources Limited Announces Non-Brokered Private Placement

Tsodilo Resources Limited, the exploration company based in Toronto, has officially announced a non-brokered private placement aimed at raising CDN $124,332. This transaction involves the issuance of 621,660 units at CDN $0.20 per unit. Each unit is comprised of one common share and one warrant, with each warrant allowing the purchase of an additional common share at USD $0.20 for a 24-month period following the closing date.

The proceeds from this private placement are earmarked for the advancement of the Xaudum Iron Formation project in Botswana, in addition to supporting general corporate purposes and augmenting working capital. The arrangement is pending approval from the TSX Venture Exchange and will adhere to a mandatory four-month hold period, as required by regulatory statutes. This financial endeavor underscores Tsodilo's continued investment in its exploratory projects while maintaining a steady flow of capital for operational needs.