Tsodilo Resources closes $310,317 private placement

Executive Summary

• Tsodilo Resources Ltd. closed a non‑brokered private placement raising C$310,317 through the issuance of 2,067,581 units at C$0.15 per unit.
• Each unit consists of one common share and one common share purchase warrant (exercise price US $0.15, five‑year term).
• Proceeds are earmarked for advancement of the Xaudum iron formation project, critical and rare‑earth metal projects, and general corporate/working‑capital needs.

Key Details

• Gross proceeds: C$310,317 (Canadian dollars).
• Units issued: 2,067,581 units at a subscription price of C$0.15 per unit.
• Unit composition: 1 common share + 1 common share purchase warrant.
• Warrant terms: Right to purchase one additional common share at US $0.15 per share; exercisable for five years from issuance.
• Holding period: Statutory four‑month and one‑day hold on shares and warrants, expiring January 27, 2026.
• Accelerated expiry clause: If TSX Venture Exchange closing price ≥ US $0.30 per share for any 10‑consecutive‑trading‑day period after the hold period, warrants expire 30 days after notice, and warrant holders lose acquisition rights.
• Use of proceeds:
• Advancement of the Xaudum iron formation project.
• Development of critical and rare‑earth metal projects.
• General corporate purposes and working capital.

Notable Quotes

(No executive quotes provided in the release.)