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Re: News Releases - Wednesday, December 16, 2009
Private Placement
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TORONTO, ONTARIO - Tsodilo Resources Limited (the "Company") (TSX
Venture Exchange: TSD) is pleased to announce that it has negotiated a
non-brokered private placement of 782,532 units of the Company (the
"Units") at a price of CDN $0.55 per common share for proceeds to the
Company of CDN $443,595. Each Unit consists of one common share of the
Company and one a warrant of the Company, each such warrant entitling
the holder to purchase one common share of the Company at a price of
CDN $0.55 for a period of two years. Closing of this transaction is
subject to regulatory approval. Proceeds from this financing will be
added to the Company's working capital.
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. 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.
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 - President and Chief Executive Officer
E-Mail - JBruchs@TsodiloResources.com
Head Office - Telephone +1 416 572 2033 Facsimile + 1 416 987 4369
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Copyright (c) 2009 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 5,6 millions CA$ (4,2 millions US$, 3,7 millions €). La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2004 à 2,95 CA$, et son plus bas niveau récent le 06 avril 2020 à 0,05 CA$. Tsodilo Resources possède 41 770 000 actions en circulation. |