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Re: News Releases - Friday, April 30, 2010
Dr. Mike de Wit Appointed President and Chief Operating Officer
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TORONTO, CANADA - Tsodilo Resources Limited (TSX Venture Exchange: TSD)
("Tsodilo" or the "Company") is pleased to announce that effective May
1, 2010, Michiel (Mike) C.J. de Wit has been appointed as President and
Chief Operating Officer ("COO") of the Company, subject to receipt of
TSX Venture Exchange approval.
Dr. de Wit has extensive experience in the diamond industry, having
begun his career as an exploration geologist for the Geological Survey
in South Africa prior to joining De Beers for whom he worked for 29
years. Dr. de Wit managed various exploration programs for De Beers in
Africa which led to a number of kimberlite discoveries. Prior to his
most recent appointment as President and CEO of BRC Diamond
Corporation, he served as general manager for De Beers in the
Democratic Republic of the Congo ("DRC"), Dr. de Wit was responsible
for all exploration programs for De Beers in Africa. In addition to MSc
degrees in geophysics and sedimentology from the Universities of
Pretoria and Reading (UK) respectively, Dr. de Wit holds a PhD degree
from the University of Cape Town where he focused on the alluvial
diamond distribution of western South Africa. He brings some 34 years
of exploration experience to the Company.
"No one is more pleased than me about having Mike join us. I have
guided the Company these last eight years and now it is time for a real
industry professional to take us to the next level. Our projects are
at a stage where all our persistence and diligence these past years are
paying off and Mike is the right person to move things forward. I look
forward to working with Mike in the years to come as we develop value
in our current diamond and metals projects and look for other
opportunities as well" commented James M. Bruchs. Mr. Bruchs will
continue with the Company as Chairman and Chief Executive Officer.
Tsodilo Resources Limited is an international diamond and metals
exploration company engaged in the search for economic kimberlites and
metal deposits at its Newdico (Pty) Limited ("Newdico') and Gcwihaba
Resources (Pty) Limited ("Gcwihaba") projects in northwest Botswana.
The Company has an 95% stake in Newdico (9,400 square kilometers under
diamond license) while Trans Hex Group, a South African diamond mining
and marketing company, holds the remaining 5%. The southern and
northern Gcwihaba project area (6,856 square kilometers under diamond
license and 13,400 square kilometers under base and precious metals
licenses) is 100% held by the Company. Tsodilo manages the exploration
of both the Newdico and Gcwihaba license areas. Overall supervision of
the Company's exploration program is the responsibility of Dr. Mike de
Wit, President and COO of the Company and a "qualified person" (as such
term is defined in National Instrument 43-101).
The Company has offices in Toronto, Canada and Gaborone and Maun,
Botswana. Please visit the Company's website, www.TsodiloResources.com,
for additional information and background on our projects.
This press release contains 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 relating to the development of the Company's
projects) 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,
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, 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 guarantees of future
performance and accordingly undue reliance should not be put on such
statements due to the inherent uncertainty therein.
The TSX Venture Exchange has not reviewed and does not accept
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 -
JBruchs@TsodiloResources.com
Mike de Wit -- President and Chief Operating Officer -
MdeWit@TsodiloResources.com
Head Office - Telephone +1 416 572 2033 Facsimile + 1 416 987 4369
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Copyright (c) 2010 TSODILO RESOURCES LTD. (TSX-TSD) All rights
reserved. For more information visit our website at
http://www.tsodiloresources.com/ or send
mailto:info@tsodiloresources.com
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Tsodilo Resources Limited
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CODE : TSD.V |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Tsodilo Resources est une société d’exploration minière basée au Canada. Tsodilo Resources détient divers projets d'exploration au Botswana, au Bresil et en Republique Centrafricaine. Ses principaux projets en exploration sont BAMINGUI REGION (BOUNGOU RIVER) en Republique Centrafricaine, BARRA GRANDE / RIO GRANDE au Bresil et NGAMILAND au Botswana. Tsodilo Resources est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 6,1 millions CA$ (4,4 millions US$, 4,0 millions €). La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2004 à 2,95 CA$, et son plus bas niveau récent le 06 avril 2020 à 0,05 CA$. Tsodilo Resources possède 41 770 000 actions en circulation. |