Announces Engagement of Red Cloud Securities
News Release
TSODILO RESOURCES LIMITED
ANNOUNCES ENGAGEMENT OF RED CLOUD SECURITIES
May 30, 2024 Trading Symbol: TSXV: TSD #53024
TORONTO, CANADA - Tsodilo Resources Limited (TSX Venture Exchange: TSD) ("Tsodilo" or the
"Company") (TSX- V: TSD) (OTCQB: TSDRF) (FSE: TZO) announces that, subject to regulatory approval,
it has retained Red Cloud Securities (“Red Cloud”) to provide liquidity services to the Company in
compliance with the policies and guidelines of the TSX Venture Exchange (“TSX-V”) and other applicable
legislation. Red Cloud is a Toronto -based financial services company that helps mineral exploration and
mining companies with accessing capital markets and enhancing their corporate profile. Red Cloud will
trade shares of Tsodilo on the TSX-V for the purposes of maintaining a reasonable market and improving
the liquidity of Tsodilo’s common shares.
Under the agreement, the Company will pay Red Cloud $5,000 per month during the term, payable quarterly
in advance. The term of engagement is ongoing and may be terminated by either party on 30 days’ prior
written notice. The Company and Red Cloud have a n arm’s length relationship, but Red Cloud and/or its
clients may have an interest, directly or indirectly, in the securities of Tsodilo. The agreement is principally
for the purposes of maintaining market stability and liquidity for the Company's common shares and is not
a formal market making agreement. There are no performance factors contained in the agreement between
Red Cloud and the Company and Red Cloud will not receive any shares or options from the Company as
compensation for services it will render.
About Red Cloud Securities
Red Cloud Securities Inc. is registered as an Investment Dealer in Ontario, Quebec. Alberta and British
Columbia and is a member of the Investment Industry Organization of Canada (IIROC). It is focused on
providing unique comprehensive capital market services and innovative financing alternatives to the junior
resource sector. The company was founded by capital markets professionals who designed the firm to
service small public and private companies. This solution is a comprehensive platform that provides a full
range of unconflicted corporate access services. Offering these services as a unified platform provides the
ultimate value proposition for issuer clients.
About Tsodilo Resources Limited
Tsodilo Resources Limited is an international resource exploration company engaged in the search for
economic metal and diamond deposits at its Gcwihaba Resources (Pty) Limited ("Gcwihaba") and Bosoto
(Pty) Ltd. ("Bosoto) projects in Botswana. The Company has a 100% stake in its Gcwihaba project area
consisting of five metal (base, precious, platinum group, and rare earth) prospecting licenses all located in
the North-West district of Botswana. The Company has a 100% stake in Bosoto (Pty) Ltd. which holds the
BK16 kimberlite project in the Orapa Kimberlite Field (OKF) in Botswana. Tsodilo manages the
exploration of the Gcwihaba and Bosoto projects.
FOR FURTHER INFORMATION PLEASE CONTACT:
James M. Bruchs Chairman and Chief Executive Officer [email protected]
Head Office Telephone +1 416 800-4214 Facsimile +1 416 987-4369
Website www.TsodiloResources.com
This press release may contain forward-looking statements. All statements, other than statements of historical fact,
which address activities, events or developments that the Company believes, expects or anticipates will or may occur in
the future (including, without limitation, statements pertaining to the use of proceeds, the impact of strategic
partnerships and statements that describe the Company’s future plans, objectives or goals) 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,
changes in general economic conditions, market volatility, 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, exploration and development risks, 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 a guarantee of future performance
and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
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, uncertainties relating to availability and cost of funds, timing and content of
work programs, results of exploration activities, interpretation of drilling results and other geological data, risks
relating to variations in the diamond grade and kimberlite lithologies; variations in rates of recovery and breakage;
estimates of grade and quality of diamonds, variations in diamond valuations and future diamond prices; the state of
world diamond markets, reliability of mineral property titles, changes to regulations affecting the Company's
activities, delays in obtaining or failure to obtain required project approvals, operational and infrastructure risk
and other risks involved in the diamond exploration and development 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 a guarantee of future performance
and accordingly undue reliance should not be put on such statements due to their inherent uncertainty. Neither the TSX
Venture Exchange (“TSXV”) nor its Regulation Services Provider (as that term is defined in the policies of the
TSXV) accepts 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.