Tsodilo Resources Limited Engages Red Cloud Securities for Liquidity Services

TORONTO, ON / ACCESSWIRE / May 30, 2024 / Tsodilo Resources Limited (TSX Venture Exchange: TSD) ("Tsodilo" or the "Company") has announced its retention of Red Cloud Securities ("Red Cloud") to provide liquidity services, subject to regulatory approval. This engagement aims to maintain a reasonable market and improve the liquidity of Tsodilo's common shares on the TSX Venture Exchange (TSX-V).

Red Cloud, a financial services company based in Toronto, specializes in aiding mineral exploration and mining companies. Under the agreement, Tsodilo will pay Red Cloud $5,000 per month, payable quarterly in advance. The engagement is ongoing, terminable with 30 days' prior written notice by either party. The relationship is arm's length, though Red Cloud or its clients may hold interests in Tsodilo's securities.

This agreement focuses on market stability and liquidity for Tsodilo's common shares and is not a formal market-making agreement. There are no performance factors in the agreement, and Red Cloud will not receive shares or options as compensation.