Tsodilo Resources Ltd. announces that, subject to regulatory approval, it has retained Red Cloud Securities to provide liquidity services to the Company in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. Red Cloud is a Toronto-based financial services company that helps mineral exploration and mining companies with accessing capital markets and enhancing their [...]
Tsodilo Resources Ltd. is pleased to announce the closing of a non-brokered private placement financing for gross proceeds to the Company of C$283,500 on May 6, 2024, through the issuance of 945,000 units of securities of the Company at a subscription price of C$0.30 per Unit. Each Unit is comprised of one common share in the capital of the Company and one Common Share purchase warrant of the Company. Each Warrant [...]
Tsodilo Resources Ltd. is pleased to announce that it has negotiated a non-brokered private placement of 1,042,500 units of the Company at a price per Unit of CDN $0.30, which will provide gross proceeds to the Company in the amount of CDN $312,750. Proceeds from the Private Placement will be used for the advancement of the Xaudum Iron Formation project in Botswana and for general corporate purposes and working capital [...]
Tsodilo Resources Ltd. is pleased to announce the closing of a non-brokered private placement financing for gross proceeds to the Company of C$124,332 on March 21, 2024, through the issuance of 621,660 units of securities of the Company at a subscription price of C$0.20 per Unit. Each Unit is comprised of one common share in the capital of the Company and one Common Share purchase warrant of the Company. Each Warrant [...]
Tsodilo Resources Ltd. is pleased to announce that it has negotiated a non-brokered private placement of 621,660 units of the Company at a price per Unit of CDN $0.20, which will provide gross proceeds to the Company in the amount of CDN $124,332. Proceeds from the Private Placement will be used for the advancement of the Xaudum Iron Formation project in Botswana and for general corporate purposes and working capital [...]
Tsodilo Resources Ltd. is pleased to announce that all matters related to Prospecting Licenses PL020-024/2018 held by its Botswana wholly owned subsidiary, Gcwihaba Resources Ltd., have been resolved. Accordingly, the Company will withdraw its Contempt Motion filed on January 23, 2024, See, Tsodilo Resources Ltd. - News Releases. The five licenses have been renewed for their first two-year renewal to commence April 1 [...]
Tsodilo Resources Ltd. is pleased to announce that the date for the Respondents to file an appeal to the judgement rendered on December 15, 2023, in the High Court, Republic of Botswana In re Gcwihaba Resources Ltd. vs. Minister of Minerals and Energy and the Attorney General of Botswana, MAHMN-000075-22, lapsed on February 15, 2024. Prospecting Licenses PL020-024/2018, were collected from the Department of Mines on [...]
Tsodilo Resources Ltd. announces that it has today filed an Interlocutory Application in the High Court, Republic of Botswana for an order in the following terms: Calling upon the First Respondent, Minister of Minerals and Energy, to show cause why he ought not to be held in contempt of Court by reason of his failure to comply with the judgment of this Court dated 15 December 2023 , in particular that he failed: 1. to [...]
Tsodilo Resources Ltd. reports that in terms of the Stock Option Plan of the Company and a policy adopted by the board of directors in September 2002, 500,000stock options were granted to officers, senior employees, and advisors to be effective on January 1, 2023, at CDN $0.24 per common share.These options are valid for five years and vest in four equal installments on January 1, 2024, July 1, 2024, January 1, 2025, and [...]
Tsodilo Resources Ltd. is pleased to report that the High Court, Republic of Botswana has rendered its judgement In re Gcwihaba Resources Ltd. vs. Minister of Minerals and Energy and the Attorney General of Botswana, MAHMN-000075-22, and ordered: The decision of the 1st Respondent rejecting the application for the renewal of the Applicant's prospecting license is illegal, unreasonable and or irrational; The decision of [...]
Tsodilo Resources Ltd. has been informed that the decision In re Gcwihaba Resources Ltd. vs. Minister of Minerals and Energy and the Attorney General of Botswana, MAHMN-000075-22, will be issued on Friday, December 15, 2023, in the High Court, Republic of Botswana. The decision will be made available on the Company's litigation landing page: Botswana Litigation for litigation documents and Tsodilo Resources Ltd. - MMGE [...]
Tsodilo Resources Ltd. is pleased to announce the closing of a non-brokered private placement financing for gross proceeds to the Company of C$141,380.06 on November 16, 2023, through the issuance of 706,903 units of securities of the Company at a subscription price of C$0.20 per Unit. Each Unit is comprised of one common share in the capital of the Company and one Common Share purchase warrant of the Company. Each [...]
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