Tsodilo Resources (TSD-V) Aug 10, '15 is pleased to announce that it has closed the Private Placement Financing (the "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 (the "Units"). 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 Company for a period until the close of business on August 10, 2017 at USD $1.10.
The common shares to be issued as a result of the Financing will have a statutory four month hold period expiring on December 10, 2015.
No commissions have been or will be paid in connection with this Financing.
The proceeds of the Financing will be used by Tsodilo for advancement of the BK16 kimberlite and metals projects in Botswana, and for general corporate working capital.
About Tsodilo Resources Limited: Tsodilo Resources Limited is an international diamond and metals exploration company engaged in the search for economic diamond and metal deposits at its Gcwihaba Resources (Pty) Limited and Bosoto (Pty) Limited projects in Botswana. The Gcwihaba project area: 494 km2 under Precious Stone - diamond licenses; 11,158 km2 Metal (base, precious, platinum group, and rare earth) licenses both active and in renewal; and, 3,911 km2 under Radioactive Minerals licenses is 100% held by the Company. The Company has a 75% stake in Bosoto (Pty) Ltd. Tsodilo manages the exploration of the Gcwihaba and Bosoto license areas.
The Company has offices in Toronto, Canada and Gaborone and Maun, Botswana. Please visit the Company's website, www.TsodiloResources.com, for additional information and background on our projects.
FOR FURTHER INFORMATION PLEASE CONTACT:
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