Tsodilo Resources Limited announced a non-brokered private placement of 621,660 units at a price of CAD 0.20 per unit for gross proceeds of CAD 124,332 on March 15, 2024. Each unit will consist of one common share and one common share purchase warrant, each such warrant entitling the holder to purchase one common share of the company for a period of 24 months from the date of closing at an exercise price of CAD 0.270632 ($0.20). The common shares and the warrants comprising the units and the common shares underlying the warrants will be subject to a four month plus a day hold period from the date of closing per applicable regulatory requirements.

Closing of the transaction is subject to approval of the TSX Venture Exchange.