Tsodilo Resources is pleased to announce that, further to its previously announced memorandum of understanding with First Quantum Minerals Ltd. the Company, its wholly-owned subsidiary Gcwihaba Resources, First Quantum and First Quantum's wholly-owned subsidiary Faloxia have entered into a definitive Earn-In Option Agreement pursuant to which First Quantum release includes FQM Subco) has acquired the right to earn up to [...]
Toronto, Ontario CANADA, September 12, 2013 /FSC/ - Tsodilo Resources Ltd. (TSD - TSX Venture), ("Tsodilo" or the "Company") is pleased to announce that First Quantum Minerals ("FQM") initial drilling program has recently commenced. The drilling program will take place on metal licenses held by Tsodilo which form the project area of the strategic partnership between TSD and FQM announced on April 18, 2013. Diamond [...]
Toronto, Ontario CANADA, September 10, 2013 /FSC/ - Tsodilo Resources Ltd. (TSD - TSX Venture), ("Tsodilo" or the "Company") is pleased to announce that First Quantum Minerals ("FQM") has commenced a major airborne electro-magnetic survey in northwest Botswana. The survey will cover the metal licenses held by Tsodilo which form the project area of the strategic partnership between TSD and FQM announced on April 18 [...]
Tsodilo Resources is pleased to report that it has hired Dr Alistair B. Jeffcoate as Project Manager / Chief Geologist to lead it metals exploration and resource development programs, particularly its' iron ore project, in Botswana. Dr Jeffcoate has spent his entire professional career with the Rio Tinto group of companies including Rio Tinto Iron Ore Atlantic and Rio Tinto Exploration. Immediately prior to accepting the [...]
The drilling and the ground geophysical program during June concentrated on northern part of the layered and massive magnetite banded ironstone formation associated with the Xaudum Magnetic Anomaly which is intimately associated with deformed diamictites resembling glacial deposits. These rocks have been identified as being part of a Rapitan type iron-formation both in terms of age and lithology and extend over [...]
Correction by Tsodilo Resources Limited: First paragraph, changed the number 2,5000,000 to read 2,500,000. The corrected release reads: Tsodilo Resources Limited Closes Private Placement Financing Agreement with First Quantum Minerals
Tsodilo is pleased to announce that it has closed the Private Placement Financing Agreement with First Quantum Minerals previously announced on April 18, 2013, for gross proceeds to the Company of C$2,5000,000. The Financing is for 2,272,727 units of the Company. Each Unit is comprised of one common share priced at C$1.10 and one common share purchase warrant per unit, each such warrant entitling the holder to purchase [...]
Tsodilo is pleased to announce that it has entered into a strategic partnership with First Quantum Minerals. Under the terms of a binding Memorandum of Understanding dated April 17, 2013 entered into between the Company, its wholly-owned subsidiary Gcwihaba Resources, First Quantum and First Quantum's wholly-owned subsidiary Faloxia, First Quantum will make a strategic investment in Tsodilo by way of private placement of [...]
Tsodilo Resources is pleased to announce that at its Annual and Special Meeting of shareholders held on March 22, 2013, the following directors were elected: James M. Bruchs, Thomas S. Bruington, David J. Cushing, Michiel C.J. de Wit, Murray W. Hitzman, Jonathan R. Kelafant and Patrick C. McGinley. The shareholders also approved the appointment of Ernst & Young LLP, Vancouver, Canada, as Auditors of the Company; voted to [...]
Tsodilo Resources reports that in terms of the Stock Option Plan of the Company and a policy adopted by the board of directors in September 2002, 235,000 stock options were granted to officers and senior employees on January 3, 2013, at CDN $1.20 per common share. These options are valid for five years and vest in four equal installments on January 3, 2013, July 3, 2013, January 3, 2014 and July 3, 2014.