Tsodilo Resources Limited Successfully Concludes Private Placement Financing

Tsodilo Resources Limited, a prominent entity on the TSX Venture Exchange under the symbol TSD, announced the completion of a substantial non-brokered private placement financing on March 21, 2024. The financing event garnered the company a total of C$124,332 through the issuance of 621,660 units at C$0.20 per unit. Each unit amalgamates one common share and a warrant, enabling the purchase of additional shares at US$0.20 for 24 months post-issuance.

The funds raised are earmarked for the advancement of Tsodilo's Xaudum Iron Formation project in Botswana, along with catering to general corporate needs and enhancing working capital. This financial momentum is expected to drive the project's progress while sustaining the company's operational capabilities. The securities involved in this financing are subjected to a statutory hold period, concluding on July 22, 2024, thus underscoring the regulatory compliance of this financial exercise.

Tsodilo Resources Limited is engaged in exploring for metal and diamond deposits in Botswana, demonstrating a dedicated pursuit of economic and sustainable mineral discovery. This financing is a critical step in fostering the company's ambitious exploration endeavors, specifically in boosting the Xaudum Iron Formation project's development trajectory.