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Tsodilo Resources ( (TSE:TSD) ) has provided an update.
Tsodilo Resources Limited has closed a non-brokered private placement, raising C$742,095 through the issuance of 4,947,297 units at C$0.15 per unit, each consisting of one common share and one five-year warrant exercisable at USD$0.15, with the securities subject to a four-month hold period and an accelerated warrant expiry clause tied to share price performance. The company plans to use the proceeds to advance its Critical and Rare Earth Metals project and its Xaudum Iron Formation project in Botswana, as well as for general corporate purposes and working capital, bolstering funding for its exploration portfolio in strategic metals and potentially strengthening its position in the emerging critical minerals supply chain.
More about Tsodilo Resources
Tsodilo Resources Limited is an international mineral exploration company focused on discovering economic metal deposits in Botswana through its wholly owned Gcwihaba Resources (Pty) Limited projects. The company holds five prospecting licenses in the North-West district of Botswana targeting base metals, precious metals, platinum group elements and rare earth elements, positioning it within the critical and strategic metals space.
Average Trading Volume: 28,905
Technical Sentiment Signal: Sell
Current Market Cap: C$7.44M
For an in-depth examination of TSD stock, go to TipRanks’ Overview page.