Tsodilo Resources Limited Closes Private Placement Financing for Units

Core Points - Tsodilo Resources Limited has successfully closed a non-brokered private placement financing, raising gross proceeds of C$310,317 through the issuance of 2,067,581 units at a subscription price of C$0.15 per unit [1][2] - Each unit consists of one common share and one common share purchase warrant, with the warrants exercisable at USD$0.15 for a period of five years [2] - The proceeds will be allocated towards the advancement of the Xaudum Iron Formation project, Critical and Rare Earth Metals projects, and for general corporate purposes and working capital [4] Company Overview - Tsodilo Resources Limited is an international resource exploration company focused on finding economic metal deposits in Botswana, holding a 100% stake in the Gcwihaba project area, which includes five prospecting licenses for various metals [5]