https://www.miningweekly.com

Tsodilo concludes second tranche of private placement

11th February 2021

By: Marleny Arnoldi

Online News Editor

     

Font size: - +

TSX-listed Tsodilo Resources has closed the second and final tranche of its private placement financing for gross proceeds of $150 000.

The company issued 300 000 shares at a price of C$0.50 apiece.

Each common share bought is accompanied by one common share warrant, which entitles the holder thereof to buy one common share at a price of C$0.55 apiece.

The first tranche of the financing exercise closed on January 25, which involved the company placing almost three-million shares for aggregate gross proceeds of $1.4-million.

The company will use the proceeds for general corporate purposes and working capital.

Tsodilo has diamond exploration operations at the Bosoto, Gcwihaba and Newdico projects, in Botswana, as well as at the Idada project, in Barberton, South Africa.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

EKATO Africa
EKATO Africa

Established in 1933, EKATO is the world leader in agitation technology, supplying agitators for processes and applications such as chemicals and...

VISIT SHOWROOM 
Alco-Safe
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.044 0.823s - 111pq - 2rq
Subscribe Now