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Botswana|Exploration|PROJECT|Resources
Botswana|Exploration|PROJECT|Resources
botswana|exploration|project|resources

Tsodilo to raise C$440 000 for Botswana project

23rd January 2023

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

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International diamond and metals exploration company Tsodilo Resources has negotiated a non-brokered private placement of 2.2-million units of the company, which will provide gross proceeds of C$440 188.20.

Proceeds from the private placement will be used for the advancement of the Xaudum iron formation project, in Botswana, and for general corporate purposes and working capital.

A director of the company subscribed for 100 000 units. As a result, the private placement is a related party transaction.

Closing of the private placement is subject to, among other things, receipt by the company of TSX-V approval. 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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