Tsodilo Resources Limited Annual Meeting Results
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.
- Election of experienced directors: James M. Bruchs, Jonathan R. Kelafant, and Blackie Marole.
- Appointment of McGovern Hurley LLP as auditors, promoting financial transparency.
- Granting 950,000 stock options at CDN$0.23, potentially aligning employees’ interests with company performance.
- Appointment of Dr. Gary A. Bojes as Director of Business Development and Samuel S. McCullough as CFO, indicating strategic hires.
- Stock options may lead to shareholder dilution, affecting existing shareholders’ equity.
TORONTO, ON / ACCESSWIRE / June 17, 2024 / Tsodilo Resources Limited ("Tsodilo" or the "Company") (TSX- V:TSD)(OTCQB:TSDRF)(FSE:TZO) is pleased to announce that at its Annual General Meeting of shareholders held on June 14, 2024, the following directors were elected: James M. Bruchs, Jonathan R. Kelafant and Blackie Marole.
Appointment of Auditors
The shareholders approved the appointment of McGovern Hurley LLP, Toronto, Canada, as auditors of the Company.
Grant of Stock Options
Under the terms of its Stock Option Plan, Tsodilo granted incentive stock options to ten individuals consisting of directors, employees and advisors to purchase an aggregate of 950,000 common shares of Tsodilo exercisable at CDN
Personnel
Effective July 1, 2024, Dr. Gary A. Bojes has been appointed Director of Business Development and Samuel S. McCullough, FCA, as Chief Financial Officer.
About Tsodilo Resources Limited
Tsodilo Resources Limited is an international resource exploration company engaged in the search for economic metal and diamond deposits at its Gcwihaba Resources (Pty) Limited ("Gcwihaba") and Bosoto (Pty) Ltd. ("Bosoto) projects in Botswana. The Company has a
This press release may contain forward-looking statements. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements pertaining to the use of proceeds, the impact of strategic partnerships and statements that describe the Company's future plans, objectives or goals) are forward- looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company based on information currently available to the Company. Forward- looking statements are subject to a number of risks and uncertainties that may cause the actual resultsof the Company to differmaterially from thosediscussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things, changes in equity markets, changes in general economic conditions, market volatility, political developments in Botswana and surrounding countries, changes to regulations affecting the Company's activities, uncertainties relating to the availability and costs of financing needed in the future, exploration and development risks, the uncertainties involved in interpreting exploration results and the other risks involved in the mineral exploration business. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not a guarantee of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things, uncertainties relating to availability and cost of funds, timing and content of work programs, results of exploration activities, interpretation of drilling results and other geological data, risks relating to variations in the diamond grade and kimberlite lithologies; variations in rates of recovery and breakage; estimates of grade and quality of diamonds, variations in diamond valuations and future diamond prices; the state of world diamond markets, reliability of mineral property titles, changes to regulations affecting the Company's activities, delays in obtaining or failure to obtain required project approvals, operational and infrastructure risk and other risks involved in the diamond exploration and development business. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward- looking statements are reasonable, forward-looking statements are not a guarantee of future performance and accordingly undue reliance should not be put on such statements due to their inherent uncertainty.
Neither the TSX Venture Exchange ("TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release. This news release may contain assumptions, estimates, and other forward-looking statements regarding future events. Such forward-looking statements involve inherent risks and uncertainties and are subject to factors, many of which are beyond the Company's control, which may cause actual results or performance to differ materially from those currently anticipated in such statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
| James M. Bruchs | Chairman and Chief Executive Officer | |
Head Office | Telephone +1 416 572 2033 | Facsimile + 1 416 987 4369 |
Website |
SOURCE: Tsodilo Resources Limited
View the original press release on accesswire.com
FAQ
What were the results of Tsodilo Resources 's 2024 Annual General Meeting?
Who are the newly appointed auditors for Tsodilo Resources ?
What stock options were granted by Tsodilo Resources in June 2024?
Who were the new appointments at Tsodilo Resources in July 2024?
