Tsodilo Resources (TSE:TSD) has released an update.
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Tsodilo Resources Limited has successfully completed a non-brokered private placement financing, raising C$124,332 through the sale of 621,660 units at C$0.20 each. This funding will primarily support the progression of the company’s Xaudum Iron Formation project in Botswana, alongside general corporate needs. Investors in the placement received common shares and warrants, which are subject to a statutory hold period expiring on July 22, 2024.
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