Tsodilo Resources Limited announced a non-brokered private placement of 706,903 units at a subscription price of CAD 0.20 per unit for the gross proceeds of CAD 141,380.06 on November 16, 2023. Each unit is comprised of one common share in the capital of the company and one common share purchase warrant. Each warrant entitles the holder thereof to purchase one common share for a period of 24 months from the date of issuance at an exercise price of CAD 0.28 ($0.20).

The common shares and the warrants comprising the units are subject to a statutory four month and one day hold period, which expires on March 17, 2024. The transaction included participation from 3 placees.