Toronto, Ontario (FSCwire) - Tsodilo Resources Ltd. (TSX-V: TSD) ("Tsodilo" or the "Company") is pleased to announce that effective April 7, 2016, the granting of Prospecting Right MP30/5/1/1/3/2/10471 has been perfected and finalized. Description of Prospecting Right The Company holds a 70% interest in its South African subsidiary, Idada Trading 361 (Pty) Limited (“Idada”). The remaining 30% is held by [...]
Toronto, Ontario (FSCwire) - Tsodilo Resources Ltd. (TSX Venture Exchange: TSD) ("Tsodilo" or the "Company") reports that in terms of the Stock Option Plan of the Company and a policy adopted by the board of directors in September 2002, 260,000 stock options were granted to officers and senior employees on January 4, 2016, at CDN $0.72 per common share. These options are valid for five years and vest in four equal [...]
Toronto, Ontario (FSCwire) - Tsodilo Resources Ltd. (TSX-V: TSD) ("Tsodilo" or the "Company") is pleased to announce the appointment of Mark Scowcroft to its Board of Directors as a non-executive director, effective September 1, 2015. Mr. Scowcroft has 26 years’ experience in managing and investing in diamond exploration projects in Botswana, beginning his career in 1989 as a geologist with De Beers Prospecting [...]
Tsodilo Resources is pleased to announce that it has closed the Private Placement Financing previously announced on August 5, 2015, for gross proceeds to the Company of CDN $1,227,682. The Financing is for 1,116,075 units of the Company . Each Unit is comprised of one common share priced at CDN $1.10 and one common share purchase warrant per unit, each such warrant entitling the holder to purchase one common share of the [...]
Toronto, Ontario (FSCwire) - Tsodilo Resources Ltd. ("Company") (TSX Venture Exchange: (TSD) is pleased to announce that it has negotiated a non-brokered private placement of 1,116,075 units of the Company (the "Units") at a price per Unit of CDN $1.10, which will provide gross proceeds to the Company in the amount of CDN $1,227,682. Proceeds from the private placement will be added to the Company's working capital. Each [...]
Toronto, Ontario (FSCwire) - Tsodilo Resources Ltd. (TSX-V: TSD) ("Tsodilo" or the "Company") is pleased to announce that it has updated and refined the company’s internal geological model. This model will be an integral tool in our evaluation of the diamondiferous BK16 kimberlite pipe exploration target located within the Orapa Kimberlite Field (OKF) in Botswana. Botswana diamond mines have produced an average of [...]
Toronto, Ontario (FSCwire) - Tsodilo Resources Ltd. (TSX-V: TSD) ("Tsodilo" or the "Company") is pleased to announce that its Botswana subsidiary Bosoto (Pty) Ltd (“Bosoto”) has taken possession of diamonds which were previously recovered from kimberlite BK16. Tsodilo took possession of 2 diamond parcels totaling 108 diamonds collectively weighing 21.91carats on May 20, 2015. Parcel 1 consisted of 25 [...]
Toronto, Ontario (FSCwire) - Tsodilo Resources Ltd. (TSX-V: TSD) ("Tsodilo" or the "Company") is pleased to announce that its’ Botswana subsidiary Bosoto (Pty) Ltd (“Bosoto”) has completed its core drilling program on BK16. The main objective of this stage of the evaluation program of this 5 hectare kimberlite pipe and satellite is to upgrade the geological model. A robust model is required to optimize [...]
Toronto, Ontario (FSCwire) - Tsodilo Resources Ltd. (TSX-V: TSD) ("Tsodilo" or the "Company") is pleased to announce that it has completed the purchase of a Dense Medium Separation (“DMS”) treatment plant for use at its BK16 kimberlite project located within the Orapa Kimberlite Field (“OKF”) in Botswana. Botswana diamond mines have produced an average of 27 million carats annually in the last 10 [...]
Toronto, Ontario (FSCwire) - Tsodilo Resources Ltd. ("Tsodilo" or the "Company") (TSX Venture Exchange: TSD) is pleased to announce that at its Annual General Meeting of shareholders held on March 27, 2015, the following directors were elected: James M. Bruchs, Thomas S. Bruington, David J. Cushing, Michiel C.J. de Wit, Jonathan R. Kelafant and Patrick C. McGinley. The shareholders also approved the appointment of Ernst [...]
Toronto, Ontario (FSCwire) - Tsodilo Resources Ltd. (TSX Venture Exchange: TSD) ("Tsodilo" or the "Company") reports that in terms of the Stock Option Plan of the Company and a policy adopted by the board of directors in September 2002, 260,000 stock options were granted to officers and senior employees on January 2, 2015, at CDN $1.05 per common share. These options are valid for five years and vest in four equal [...]
Tsodilo Resources is pleased to announce that it has closed the Private Placement Financing previously announced on December 24, 2014, for gross proceeds to the Company of CDN $617,014. The Financing is for 560,922 units of the Company. Each Unit is comprised of one common share priced at CDN $1.10 and one common share purchase warrant per unit, each such warrant entitling the holder to purchase one common share of the [...]