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.
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