Published on 12/23/2009 in the Prospect News PIPE Daily.
New Issue: Tsodilo Resources concludes C$1.16 million private placement of units
By Devika Patel
Knoxville, Tenn., Dec. 23 - Tsodilo Resources Ltd. said it raised C$1.16 million in a non-brokered private placement of units.
The company sold 2,102,758 units at C$0.55 apiece. Each unit consists of one common share and one warrant. Each warrant is exercisable at C$0.55 for two years.
Proceeds will be used for working capital.
Based in Toronto, Tsodilo explores mineral properties in the Republic of Botswana.
| Issuer: | Tsodilo Resources Ltd.
|
| Issue: | Units of one common share and a warrant
|
| Amount: | C$1,156,517
|
| Units: | 2,102,758
|
| Price: | C$0.55
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.55
|
| Agent: | Non-brokered
|
| Settlement date: | Dec. 23
|
| Stock symbol: | TSX Venture: TSD
|
| Stock price: | C$0.49 at close Dec. 23
|
| Market capitalization: | C$8.18 million
|
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