Tsodilo Resources Closes Private Placement Financing for Units
Tsodilo Resources Closes Private Placement
Financing for Units
Toronto, Ontario--(Newsfile Corp. - March 18, 2026) - Tsodilo Resources Limited (TSXV: TSD)
(OTCQB: TSDRF) (FSE: TZO) ("Tsodilo" or the "Company") is pleased to announce the closing of a
non-brokered private placement financing (the "Financing") for gross proceeds to the Company of
C$900,000 on March 18, 2026, through the issuance of 4,500,000 units of securities of the Company
(the "Units") at a subscription price of C$0.20 per Unit.
Each Unit is comprised of one common share in the capital of the Company ("Common Share") and one
Common Share purchase warrant ("Warrant") of the Company. Each Warrant entitles the holder thereof
to purchase one Common Share for a period of 5 years from the date of issuance at an exercise price of
USD$0.20. The Common Shares (including the Common Shares underlying the Warrants) and the
Warrants comprising the Units are subject to a statutory four month and one day hold period, which
expires on July 19, 2026.
In the event that the closing price of the Company's Common Shares on the TSX Venture Exchange is
the equivalent of USD $0.35 or greater per Common Share during any 10 consecutive trading day
period at any time subsequent to four months and one day after the closing date, the Warrants will expire
at 4:00 p.m. (Toronto time) on the thirtieth
day after the date on which the Issuer provides notice of such
accelerated expiry to the warrantholders, and the warrantholders will have no further rights to acquire any
Warrant Shares of the Issuer under the Warrant.
The proceeds from this Financing will be used for the advancement of the Critical Minerals and Rare
Earth Elements project, the Xaudum Iron Formation project, and for general corporate purposes and
working capital.
About Tsodilo Resources Limited
Tsodilo Resources Limited is an international resource exploration company engaged in the search for
economic metal deposits at its Gcwihaba Resources (Pty) Limited ("Gcwihaba") 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 elements) prospecting licenses all located in the North-West district of
Botswana.
FOR FURTHER INFORMATION PLEASE CONTACT
:
James M. Bruchs
Chairman and Chief Executive
Officer
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.
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https://www.newsfilecorp.com/release/288855