Tsodilo Resources Limited - Grant of Stock Options

Rhea-AI Summary

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.

Positive

• Stock options align management interests with shareholders

Negative

• Potential dilution of existing shareholders' equity
• Additional compensation expense impact on financial statements

TORONTO, ON / ACCESSWIRE / December 31, 2024 / Tsodilo Resources Limited ("Tsodilo" or the "Company")(TSXV:TSD)(OTCQB:TSDRF)(FSE:TZO) reports that in terms of the Stock Option Plan of the Company and a policy adopted by the board of directors in September 2002, 400,000 stock options were granted to officers, senior employees, and advisors to be effective on January 1, 2025, at CDN $0.16 per common share. These options are valid for five years and vest in four equal installments on January 1, 2025, July 1, 2025, January 1, 2026, and July 1, 2026.

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 Bosoto (Pty) Limited ("Bosoto") and Gcwihaba Resources (Pty) Limited ("Gcwihaba") projects in Botswana. The Company has a 100% stake in Bosoto which holds the BK16 kimberlite project in the Orapa Kimberlite Field (OKF) in Botswana and a 100% stake in its Gcwihaba project area consisting of five metal (base, precious, platinum group, and rare earth) prospecting licenses all located in the North-West district of Botswana. Tsodilo manages the exploration of the Gcwihaba and Bosoto projects.

FOR FURTHER INFORMATION PLEASE CONTACT:

James M. Bruchs	Chairman and Chief Executive Officer	Jbruchs@TsodiloResources.com
Head Office	Telephone +1 416 800-4214	Facsimile +1 416 987-4369
Website	www.TsodiloResources.com

This press release may contain forward-looking statements. All statements, other than statements of historical fact, which 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 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, 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.

SOURCE: Tsodilo Resources Ltd.

View the original press release on accesswire.com

FAQ

How many stock options did Tsodilo Resources (TSDRF) grant in January 2025?

Tsodilo Resources granted 400,000 stock options to officers, senior employees, and advisors, effective January 1, 2025.

What is the exercise price for Tsodilo Resources' (TSDRF) January 2025 stock options?

The stock options were granted at an exercise price of CDN $0.16 per common share.

What is the vesting schedule for Tsodilo Resources' (TSDRF) 2025 stock options?

The options vest in four equal installments on January 1, 2025, July 1, 2025, January 1, 2026, and July 1, 2026.

What is the expiration period for Tsodilo Resources' (TSDRF) January 2025 stock options?

The stock options are valid for five years from the grant date of January 1, 2025.