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Tsodilo Resources Limited (TSXV:TSD) is an international diamond and metals exploration company focused on discovering economic diamond and metal deposits in Botswana. The company holds full ownership of the Bosoto project, which includes the BK16 kimberlite project in the Orapa Kimberlite Field, and the Gcwihaba project area with five metal prospecting licenses. Tsodilo is actively managing the exploration of these projects to uncover valuable resources.
Tsodilo Resources (TSXV: TSD) (OTCQB: TSDRF) has appointed Mr. Mosimanegape ('Gape') Mogegeh to its Board of Directors effective February 10, 2025, pending TSX Venture Exchange approval. Mogegeh will also join the boards of Tsodilo's Botswana subsidiaries.
Mogegeh brings over 20 years of experience in financial services, specializing in asset management, private equity, and corporate finance. He founded a leading private equity fund management company in Botswana, managing commitments exceeding BWP 540 million. His experience includes roles at Botswana Development , Deloitte Botswana, and currently serves as Executive Director at Catapult Advisors.
As part of his appointment, Mogegeh has been granted 200,000 stock options at CDN $0.16 per share, valid for five years with vesting in four equal installments between February 2025 and August 2026.
Tsodilo Resources has announced the grant of 400,000 stock options to officers, senior employees, and advisors, effective January 1, 2025. The options are priced at CDN $0.16 per common share and will be valid for five years. The options will vest in four equal installments on January 1, 2025, July 1, 2025, January 1, 2026, and July 1, 2026, following the company's Stock Option Plan and board policy from September 2002.
On June 14, 2024, Tsodilo Resources held its Annual General Meeting (AGM) and announced key decisions. James M. Bruchs, Jonathan R. Kelafant, and Blackie Marole were elected as directors. McGovern Hurley LLP was appointed as the company's auditors. Tsodilo granted stock options allowing ten individuals to purchase a total of 950,000 common shares at CDN$0.23 each. These options vest 25% every six months starting June 17, 2024, and are valid for five years. Additionally, Dr. Gary A. Bojes was appointed Director of Business Development, and Samuel S. McCullough was named Chief Financial Officer, effective July 1, 2024.
Tsodilo Resources (TSX-V:TSD, OTCQB:TSDRF, FSE:TZO) announced its engagement of Red Cloud Securities to provide liquidity services. This agreement, pending regulatory approval, aims to maintain a reasonable market and enhance liquidity for Tsodilo's common shares on the TSX Venture Exchange. Red Cloud, a financial services firm based in Toronto, will receive $5,000 monthly, paid quarterly in advance. The engagement is ongoing but can be terminated by either party with 30 days' notice. The deal is not a formal market making agreement, and no shares or options will be given to Red Cloud as compensation.
On May 6, 2024, Tsodilo Resources closed a non-brokered private placement financing, raising C$283,500 through the issuance of 945,000 Units at C$0.30 per Unit. Each Unit consists of one Common Share and one Warrant, with each Warrant allowing the purchase of one Common Share at US$0.30 within 24 months. The proceeds will be used for the Xaudum Iron Formation project in Botswana and general corporate purposes.
Tsodilo Resources announced a non-brokered private placement of 1,042,500 units at CDN $0.30 per unit, raising gross proceeds of CDN $312,750 for the Xaudum Iron Formation project in Botswana and general corporate purposes. Each unit includes one common share and one purchase warrant, with a hold period of four months. The closing is subject to TSX Venture Exchange approval.
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