Tsodilo Resources Limited Announces Appointment of Director
Tsodilo Resources Limited Announces
Appointment of Director
Toronto, Ontario--(Newsfile Corp. - February 10, 2025) - Tsodilo Resources Limited (TSXV: TSD)
(OTCQB: TSDRF) (FSE: TZO) ("Tsodilo" or the "Company") is pleased to welcome Mr. Mosimanegape
("Gape") Mogegeh as a member of its Board of Directors ("Board") effective February 10, 2025, and
subject to TSX Venture Exchange approval.
Mr. Mogegeh will also be joining the Boards of Tsodilo's
Botswana subsidiaries, Newdico (Pty) Ltd, Gcwihaba Resources (Pty) Ltd. and Bosoto (Pty) Ltd.
Gape has over 20 years' experience in the financial services industry, specifically in the asset
management, private equity, structured finance and corporate finance and advisory fields. He holds a
Bachelor of Accounting degree from the University of Botswana and has attended a number of private
equity courses offered by Southern Africa Venture Capital and Private Equity Association ("SAVCA"),
The African Private Capital Association ("AVCA"), European Venture Capital Association ("EVCA",
now "Invest Europe"), and National Venture Capital Association ("NVCA"), and Mergers & Acquisitions
studies at the Amsterdam Institute of Finance ("AIF"). Gape has garnered years of experience in
transaction structuring, financial analysis and modelling, valuations and portfolio management and
founded and established the operations of one of the leading private equity fund management
companies in the Botswana market. This involved the establishment of a commandite partnership with
commitments in excess of BWP 540 million for the Botswana and Southern Africa regional market.
Previously, Gape worked for the Botswana Development Corporation ("BDC") as Investment Principal,
playing a key role in the transformation agenda for the business, which resulted in a major rebalancing of
the company's investment portfolio. Before BDC, Gape worked for Deloitte Botswana as a Senior
Manager in Corporate Finance, overseeing the in-country delivery of corporate finance and advisory
services (M&A Advisory, Due diligence reviews, Valuations, Debt and Equity Capital raisings, Listings,
and other services). Gape has also worked at Inflection Capital Partners (Private Equity Firm - JHB,
RSA) as an Investment Officer, and at BIFM Capital as an Investment Professional. Prior to joining BIFM
Capital, Gape was with the first dedicated venture capital fund manager in Botswana, VPB.
In his current role as Executive Director at Catapult Advisors, Gape has completed a number of
corporate finance and advisory assignments in the mining space, including capital raising and
structuring for a local consortium, and as a subcontractor constructing a business model validation for a
large mining services company; development of a commercialisation and optimisation strategy for
subsidiaries of one of the largest mining companies in Botswana; and, separately, a diversity and
inclusion study for the same company.
Tsodilo's Chairman and CEO, James M. Bruchs, stated, "Gape will bring immense value to the board,
and we are looking forward to drawing from his experience as we take the Company and its subsidiaries
to the next growth phase."
With respect to the terms of the Stock Option Plan of the Company, and a policy adopted by the board of
directors in September 2002, 200,000 stock options were granted to Mr. Mogegeh to be effective on
February 10, 2025, at CDN $0.16 per common share. These options are valid for five years and vest in
four equal installments on February 10, 2025, August 10, 2025, February 10, 2026, and August 10,
2026.
About Tsodilo Resources Limited
Tsodilo Resources Limited is an international metals and diamond exploration company engaged in the
search for economic diamond and metal deposits at its Gcwihaba Resources (Pty) Limited
("Gcwihaba") and Bosoto (Pty) Limited ("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 and 100% stake in Bosoto
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
Head Office Telephone +1 416 800-4214Facsimile +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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