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Tsodilo Resources Limited and IFC Finalize C$5,000,000 Equity Investment (9 KB) TORONTO, CANADA - Tsodilo Resources Limited (TSX Venture Exchange: TSD) ("Tsodilo" or the "Company") is pleased to announce that the contemplated equity subscription announced on May 10, 2110, to be made by IFC, a member of the World Bank Group, has been finalized and closed. The non-brokered private placement of 2,702,702 units of the Company (the "Units") will consist of one common share priced at C$1.85 and one purchase warrant per unit, each such warrant entitling the holder to purchase o...
IFC Discloses Intention To Consider An Equity Investment Of C$5 Million In Tsodilo Resources Limited (8 KB) TORONTO, CANADA - Tsodilo Resources Limited (TSX Venture Exchange: TSD) ("Tsodilo" or the "Company") is pleased to announce that it has reached agreement with IFC, a member of the World Bank Group, whereby IFC will enter into an equity subscription agreement (the "Financing") with the Company. The non-brokered private placement of 2,710,702 units of the Company (the "Units") will consist of one common share priced at C$1.85 and one purchase warrant per unit, each such warrant entitling the holde...
Annual and Special Meeting Results (6 KB) TORONTO, ONTARIO - Tsodilo Resources Limited ("Tsodilo" or the "Company") (TSX Venture Exchange: TSD) is pleased to announce that at its Annual and Special Meeting of shareholders held May 4, 2010, the following directors were elected: R. Stuart Angus, James M. Bruchs, David J. Cushing, Michiel C.J. de Wit, Jonathan R. Kelafant and Patrick C. McGinley. The shareholders also approved the appointment of Ernst & Young LLP, Vancouver, Canada, as Auditors of the Company and voted to increase ...
Dr. Mike de Wit Appointed President and Chief Operating Officer (6 KB) TORONTO, CANADA - Tsodilo Resources Limited (TSX Venture Exchange: TSD) ("Tsodilo" or the "Company") is pleased to announce that effective May 1, 2010, Michiel (Mike) C.J. de Wit has been appointed as President and Chief Operating Officer ("COO") of the Company, subject to receipt of TSX Venture Exchange approval.
Dr. de Wit has extensive experience in the diamond industry, having begun his career as an exploration geologist for the Geological Survey in South Africa prior to joining ...
Private Placement (3 KB) TORONTO, ONTARIO - Tsodilo Resources Limited (the "Company") (TSX Venture Exchange: TSD) is pleased to announce the closing of the private placement previously announced on January 18, 2010.
In a non-brokered private placement, 465,245 units of the Company (the "Units") were issued at a price of CDN $1.00 per Unit for proceeds to the Company of CDN $465,245. Each Unit consists of one common share of the Company and one warrant of the Company, each such warrant entitling the holder...
Private Placement (3 KB) TORONTO, ONTARIO - Tsodilo Resources Limited (the "Company") (TSX Venture Exchange: TSD) is pleased to announce that it has negotiated a non-brokered private placement of 465,245 units of the Company (the "Units") at a price of CDN $1.00 per common share for proceeds to the Company of CDN $465,245. Each Unit consists of one common share of the Company and one a warrant of the Company, each such warrant entitling the holder to purchase one common share of the Company at a price of CDN $1.00 for a...
Grant of Stock Options (3 KB) TORONTO, ONTARIO - Tsodilo Resources Limited ("Tsodilo") (TSX Venture Exchange: TSD) reports that in terms of the Stock Option Plan of the Company and a policy adopted by the board of directors in September 2002, 190,000 stock options were granted to officers and senior employees on January 11, 2009 at CDN $1.00 per common share. These options are valid for five years and vest in four equal installments on January 11, 2010, July 11, 2010, January 11, 2011 and July 11, 2011.
Tsodilo Res...
Private Placement (3 KB) TORONTO, ONTARIO - Tsodilo Resources Limited (the "Company") (TSX Venture Exchange: TSD) is pleased to announce the closing of the private placement previously announced on December 16th and December 21st.
In a non-brokered private placement, 2,102,758 units of the Company (the "Units") were issued at a price of CDN $0.55 per Unit for proceeds to the Company of CDN $1,156,517.10. Each Unit consists of one common share of the Company and one warrant of the Company, each such warran...
Private Placement (3 KB) TORONTO, ONTARIO - Tsodilo Resources Limited (the "Company") (TSX Venture Exchange: TSD) is pleased to announce that the private placement announced on December 16, 2009, has been increased in both value and number of units. The Company has negotiated a non-brokered private placement of 1,742,695 units of the Company (the "Units") at a price of CDN $0.55 per common share for proceeds to the Company of CDN $971,686. Each Unit consists of one common share of the Company and one a warrant of the Co...
Private Placement (3 KB) TORONTO, ONTARIO - Tsodilo Resources Limited (the "Company") (TSX Venture Exchange: TSD) is pleased to announce that it has negotiated a non-brokered private placement of 782,532 units of the Company (the "Units") at a price of CDN $0.55 per common share for proceeds to the Company of CDN $443,595. Each Unit consists of one common share of the Company and one a warrant of the Company, each such warrant entitling the holder to purchase one common share of the Company at a price of CDN $0.5...
Dr. Mike de Wit Joins Tsodilo Resources Limited Board of Directors (5 KB) TORONTO, ONTARIO - Tsodilo Resources Limited ("Tsodilo" or the "Company") (TSX Venture Exchange: TSD) is pleased to announce the appointment of Dr. Michiel 'Mike' de Wit to its Board of Directors as a non-executive director, effective November 1, 2009.
Dr. de Wit has extensive experience in the diamond industry, having begun his career as an exploration geologist for the Geological Survey in South Africa prior to joining De Beers for whom he worked for 29 years. Dr. de Wit managed vari...
Kimberlite Confirmed At 21512A And 21641A (9 KB) TORONTO, ONTARIO -- Tsodilo Resources Limited ("Tsodilo" or the "Company") (TSX Venture Exchange: TSD) is pleased to announce the discovery of two (2) new kimberlites on its Newdico (Pty) Limited license blocks in Botswana.
Anomaly 21512A
Ground magnetic surveys carried out over a "bulls-eye" airborne magnetic anomaly 21512A portray a dipolar and roughly circular body, indicative of pipe-like intrusive body with a magnetic signature measuring approximately 600 meters north...
Tsodilo Resources Limited (3 KB) TORONTO, ONTARIO - Tsodilo Resources Limited (the "Company") (TSX Venture Exchange: TSD) is pleased to announce the closing of the private placement previously announced on August 3, 2009.
In a non-brokered private placement, 210,519 units of the Company (the "Units") were issued at a price of CDN $0.70 per Unit for proceeds to the Company of CDN $141,063. Each Unit consists of one common share of the Company and one warrant of the Company, each such warrant entitling the holder to p...
Private Placement (3 KB) TORONTO, ONTARIO - Tsodilo Resources Limited (the "Company") (TSX Venture Exchange: TSD) is pleased to announce that it has negotiated a non-brokered private placement of 210,519 units of the Company (the "Units") at a price of CDN $0.70 per common share for proceeds to the Company of CDN $141,063. Each Unit consists of one common share of the Company and one a warrant of the Company, each such warrant entitling the holder to purchase one common share of the Company at a price of CDN $0.70 for a...
Tsodilo Resources Limited Awarded Key Diamond Exploration Licenses And Metals Exploration Licenses In Botswana (7 KB) TORONTO, ONTARIO - Tsodilo Resources Limited ("Tsodilo" or the "Company") (TSX Venture Exchange: TSD) is pleased to report that the Minister, Ministry of Minerals, Energy and Water Resources has now granted three (3) Precious Stone -- Diamond Prospecting License ("PL") No. 0641 / 2009, No. 0642 / 2009 and No. 0643 / 2009 and four Metals (Base, Precious, Platinum Group Metals and Rare Earth Elements) Prospecting Licenses PL No. 588 / 2009, No. 595 / 2009, No. 596 / 2009 and No. 597 / 2009,...
Private Placement (3 KB) TORONTO, ONTARIO - Tsodilo Resources Limited (the "Company") (TSX Venture Exchange: TSD) is pleased to announce the closing of the private placement previously announced on June 3, 2009.
In a non-brokered private placement, 331,386 units of the Company (the "Units") were issued at a price of CDN $0.70 per Unit for proceeds to the Company of CDN $$231,970. Each Unit consists of one common share of the Company and one warrant of the Company, each such warrant entitling the holder to pu...
Private Placement (4 KB) TORONTO, ONTARIO - Tsodilo Resources Limited (the "Company") (TSX Venture Exchange: TSD) is pleased to announce that it has negotiated a non-brokered private placement of 331,386 units of the Company (the "Units") at a price of CDN $0.70 per common share for proceeds to the Company of CDN $231,970. Each Unit consists of one common share of the Company and one a warrant of the Company, each such warrant entitling the holder to purchase one common share of the Company at a price of CDN $0.70 for a...
Election Of Directors And Appointment Of Auditor (3 KB) TORONTO, CANADA - Tsodilo Resources Limited (TSX Venture Exchange: TSD) ("Tsodilo" or the "Company") is pleased to announce that at its Annual Meeting of shareholders held on May 4, 2009, the following directors were elected: R. Stuart Angus, James M. Bruchs, David J. Cushing, Jonathan R. Kelafant and Patrick C. McGinley. The shareholders approved the appointment of Ernst & Young LLP, Chartered Accountants, Vancouver, Canada as Auditors of the Company.
GRANT OF STOCK...
Kimberlite Confirmed At 21181A Program Update (8 KB) TORONTO, ONTARIO - Tsodilo Resources Limited ("Tsodilo" or the "Company") (TSX Venture Exchange: TSD) is pleased to announce the discovery of a new kimberlite on its Newdico (Pty) Limited license blocks in Botswana.
Anomaly 21181A
Ground magnetic surveys carried out over a "bulls-eye" airborne magnetic anomaly 21181A portray a dipolar and roughly circular body, indicative of pipe-like intrusive body measuring approximately 500 meters north-south and 400 meters east-west (2...
Tsodilo Resources Limited Discovers Copper, Nickel and Cobalt Sulfide Mineralization Within its License Blocks in Northwest Botswana (16 KB) TORONTO, ONTARIO - Tsodilo Resources Limited ("Tsodilo" or the "Company") (TSX Venture Exchange: TSD) is pleased to announce that it has encountered copper, nickel and cobalt ("Cu-Ni-Co') sulfide mineralization in disseminated and massive sulfides from eighteen (18) core drill holes within its license blocks.
The Tsodilo Hills base and precious metal license area is centered at 22°00'E, 18°42'S and lies within the Damara Belt about 40 kilometers north-west of the location of the Matchle...
Private Placement (3 KB) TORONTO, ONTARIO - Tsodilo Resources Limited (the "Company") (TSX Venture Exchange: TSD) is pleased to announce the closing of the private placement previously announced on February 23, 2009.
In a non-brokered private placement, 728,061 units of the Company (the "Units") were issued at a price of CDN $0.70 per Unit for proceeds to the Company of CDN $509,644. Each Unit consists of one common share of the Company and one warrant of the Company, each such warrant entitling the holder to...
Private Placement (3 KB) TORONTO, ONTARIO - Tsodilo Resources Limited (the "Company") (TSX Venture Exchange: TSD) is pleased to announce that it has negotiated a non-brokered private placement of 728,061 units of the Company (the "Units") at a price of CDN $0.70 per common share for proceeds to the Company of CDN $509,647. Each Unit consists of one common share of the Company and one a warrant of the Company, each such warrant entitling the holder to purchase one common share of the Company at a price of CDN $0.7...
Grant of Stock Options (3 KB) TORONTO, ONTARIO - Tsodilo Resources Limited ("Tsodilo") (TSX Venture Exchange: TSD) reports that in terms of the Stock Option Plan of the Company and a policy adopted by the board of directors in September 2002, 225,000 stock options were granted to officers and senior employees on January 2, 2009 at CDN $0.70 per common share. These options are valid for five years and vest in four equal installments on January 2, 2009, July 2, 2009, January 2, 2010 and July 2, 2010.
Tsodilo Resource...
Private Placement (3 KB) TORONTO, ONTARIO - Tsodilo Resources Limited (the "Company") (TSX Venture Exchange: TSD) is pleased to announce the closing of the private placement previously announced on November 11, 2008.
In a non-brokered private placement, 463,852 units of the Company (the "Units") were issued at a price of CDN $0.70 per Unit for proceeds to the Company of CDN $324,698. Each Unit consists of one common share of the Company and one warrant of the Company, each such warrant entitling the holder to purcha...
Private Placement (4 KB) TORONTO, ONTARIO - Tsodilo Resources Limited (the "Company") (TSX Venture Exchange: TSD) is pleased to announce that it has negotiated a non-brokered private placement of 463,852 units of the Company (the "Units") at a price of CDN $0.70 per common share for proceeds to the Company of CDN $324,698. Each Unit consists of one common share of the Company and one a warrant of the Company, each such warrant entitling the holder to purchase one common share of the Company at a price of CDN $0.70 for a...
Election of Directors (4 KB) TORONTO, CANADA - Tsodilo Resources Limited (TSX Venture Exchange: TSD) ("Tsodilo" or the "Company") is pleased to announce that at its Annual Meeting of shareholders held on May 8, 2008, the following directors were elected: R. Stuart Angus, James M. Bruchs, David J. Cushing, Jonathan R. Kelafant and Patrick C. McGinley. The shareholders approved the appointment of KPMG, Chartered Accountants, Johannesburg, South Africa as Auditors of the Company.
Grant of Stock Options
Under the ...
Exploration Program Update - Commencement Of Drilling Operations (6 KB) TORONTO, ONTARIO - Tsodilo Resources Limited ("Tsodilo" or the "Company") (TSX Venture Exchange: TSD) is pleased to announce that the drill investigation of priority 1 and 2 magnetic anomalies in the Newdico (Pty) Limited ("Newdico") and Gcwihaba Resources (Pty) Limited ("Gcwihaba") license blocks in northwest Botswana is set to commence. The Company's Atlas Copco CT14 diamond drill rig was moved to site over the weekend and drilling will begin shortly.
Since the grant of licenses in...
Private Placement (3 KB) TORONTO, ONTARIO - Tsodilo Resources Limited (the "Company") (TSX Venture Exchange: TSD) is pleased to announce the closing of the private placement previously announced on March 5, 2008.
In a non-brokered private placement, 457,901 units of the Company (the "Units") were issued at a price of CDN $0.70 per Unit for proceeds to the Company of CDN $$320,531. Each Unit consists of one common share of the Company and one warrant of the Company, each such warrant entitling the holder to pu...
Private Placement (3 KB) TORONTO, ONTARIO - Tsodilo Resources Limited (the "Company") (TSX Venture Exchange: TSD) is pleased to announce that it has negotiated a non-brokered private placement of 457,901 units of the Company (the "Units") at a price of CDN $0.70 per common share for proceeds to the Company of CDN $320,531. Each Unit consists of one common share of the Company and one a warrant of the Company, each such warrant entitling the holder to purchase one common share of the Company at a price of CDN $0.70 for a...
Tsodilo Resources Limited Awarded Key Diamond Exploration Licenses in Botswana (8 KB) TORONTO, ONTARIO - Tsodilo Resources Limited ("Tsodilo" or the "Company") (TSX Venture Exchange: TSD) is pleased to report that the Botswana Geological Survey has now granted five Prospecting License ("PL") No. 046 / 2007 -- No. 052 / 2007 to the Company's local, wholly-owned operating subsidiary Gcwihaba Resources (Pty) Ltd. "Gcwihaba"). These license areas are situated north and east of the Company's current Newdico (Pty) Ltd. ("Newdico") diamond licenses in the Ngamiland area of north...
Exploration Program Update (12 KB) TORONTO, ONTARIO - Tsodilo Resources Limited (the "Company" or "Tsodilo") (TSX Venture Exchange: TSD) is pleased to announce the results of its 2007 kimberlite exploration program; an update on the Base and Precious Metals exploration program; the appointment of Dr. Patrick M. Okita as Director for Base and Precious Metals Exploration; and, the grant of stock options pursuant to the Company's Stock Option Plan.
EXPLORATION PROGRAM UPDATE
KIMBERLITE EXPLORATION ...
Closing of Private Placement (3 KB) TORONTO, ONTARIO - Tsodilo Resources Limited (the "Company") (TSX Venture Exchange: TSD) is pleased to announce the closing of the private placement previously announced on December 12, 2007.
In a non-brokered private placement, 326,126 units of the Company (the "Units") were issued at a price of CDN $0.70 per Unit for proceeds to the Company of CDN $228,288.20. Each Unit consists of one common share of the Company and one warrant of the Company, each such warrant entitling the holder...
Private Placement (3 KB) TORONTO, ONTARIO - Tsodilo Resources Limited (the "Company") (TSX Venture Exchange: TSD) is pleased to announce that it has negotiated a non-brokered private placement of 326,128 units of the Company (the "Units") at a price of CDN $0.70 per common share for proceeds to the Company of CDN $228,290.00. Each Unit consists of one common share of the Company and one a warrant of the Company, each such warrant entitling the holder to purchase one common share of the Company at a price of CDN $...
Closing of Private Placement (3 KB) TORONTO, ONTARIO - Tsodilo Resources Limited (the "Company") (TSX Venture Exchange: TSD) is pleased to announce the closing of the private placement previously announced on June 21, 2007.
In a non-brokered private placement, 231,714 units of the Company (the "Units") were issued at a price of CDN $0.80 per Unit for proceeds to the Company of CDN $185,372. Each Unit consists of one common share of the Company and one warrant of the Company, each such warrant entitling the holder to pur...
Private Placement (3 KB) TORONTO, ONTARIO - Tsodilo Resources Limited (the "Company") (TSX Venture Exchange: TSD) is pleased to announce that it has negotiated a non-brokered private placement of 231,714 units of the Company (the "Units") at a price of CDN $0.80 per common share for proceeds to the Company of CDN $185,372.00. Each Unit consists of one common share of the Company and one a warrant of the Company, each such warrant entitling the holder to purchase one common share of the Company at a price of CDN $...
Closing Of Private Placement (3 KB) TORONTO, ONTARIO - Tsodilo Resources Limited (the "Company") (TSX Venture Exchange: TSD) is pleased to announce the closing of the private placement previously announced on May 9, 2007.
In a non-brokered private placement, 167,146 units of the Company (the "Units") were issued at a price of CDN$0.80 per Unit for proceeds to the Company of CDN$133,716. Each Unit consists of one common share of the Company and one warrant of the Company, each such warrant entitling the holder to purchase one co...
Annual and Special Meeting (4 KB) TORONTO, ONTARIO - Tsodilo Resources Limited ("Tsodilo" or the "Company") (TSX Venture Exchange: TSD) is pleased to announce that at its Annual and Special Meeting of shareholders held May 8, 2007, the following directors were elected: R. Stuart Angus, James M. Bruchs, Jonathan R. Kelafant, Patrick C. McGinley and John R. Redmond. The shareholders approved the appointment of KPMG, Chartered Accountants, Johannesburg, South Africa as Auditors of the Company and voted to increase the numbe...
Program Update (7 KB) TORONTO, ONTARIO - Tsodilo Resources Limited ("Tsodilo") (TSX Venture Exchange: TSD) is pleased to announce that the drill investigation of 10 priority targets in the Guma region in the Newdico (Pty) Limited ("Newdico") license blocks in northwest Botswana has been completed.
GUMA TARGETS
Prior heavy mineral sampling by Tsodilo recovered kimberlite indicator minerals with encouraging chemical compositions in the Guma area. The targets were initially identified by the interpr...
Closing Of Private Placement (2 KB) TORONTO, ONTARIO - Tsodilo Resources Limited (the "Company") (TSX Venture Exchange: TSD) is pleased to announce the closing of the private placement previously announced on February 8, 2007.
In a non-brokered private placement, 141,516 units of the Company (the "Units") were issued at a price of CDN$0.80 per Unit for proceeds to the Company of CDN$113,213. Each Unit consists of one common share of the Company and one warrant of the Company, each such warrant entitling the holder to purchase o...
Private Placement (2 KB) TORONTO, ONTARIO - Tsodilo Resources Limited (the "Company") (TSX Venture Exchange: TSD) is pleased to announce that it has negotiated a non-brokered private placement of 129,016 units of the Company (the "Units") at a price of CDN$0.80 per common share for proceeds to the Company of CDN$103,213. Each Unit consists of one common share of the Company and one a warrant of the Company, each such warrant entitling the holder to purchase one common share of the Company at a price of CDN$0.80 for a pe...
Grant of Stock Options (1 KB) TORONTO, ONTARIO - Tsodilo Resources Limited ("Tsodilo") (TSX Venture Exchange: TSD) reports that in terms of the Stock Option Plan of the Company and a policy adopted by the board of directors in September 2002, 85,000 stock options were granted to officers and senior employees on January 2, 2007 at CDN $1.00 per common share. These options are valid for five years and vest in four equal installments on January 2, 2007, July 2, 2007, January 2, 2008 and July 2, 2008.
Tsodilo Resources...
Program Update; Commencement Of Drilling Operations (2 KB) TORONTO, ONTARIO - Tsodilo Resources Limited ("Tsodilo") (TSX Venture Exchange: TSD) is pleased to announce that the drill investigation of eighteen priority 1 and seven priority 2 magnetic anomalies in the Guma region in the Newdico (Pty) Limited ("Newdico") license blocks in northwest Botswana has commenced.
Prior heavy mineral sampling by Tsodilo has recovered kimberlite indicator minerals with encouraging chemical compositions in the Guma area. The targets were initially identifi...
Program Update; Drill Investigation of Magnetic Anomalies Continues to Reveal Further Kimberlites (575 KB)
TORONTO, ONTARIO - Tsodilo Resources Limited ("Tsodilo") (TSX Venture Exchange: TSD) is pleased to announce that the drill investigation of several high-priority airborne magnetic anomalies in the Nxau Nxau kimberlite field in their Newdico (Pty) Limited ("Newdico") license blocks in northwest Botswana has confirmed further kimberlite intrusives.
BACKGROUND...
Closing of Private Placement (2 KB) September 28 2006 TORONTO, ONTARIO - Tsodilo Resources Limited (the "Company") (TSX Venture Exchange: TSD) is pleased to announce the closing of the private placement previously announced on September 22, 2006.
In a non-brokered private placement, 771,518 units of the Company (the "Units") were issued at a price of CDN$0.70 per Unit for proceeds to the Company of CDN$540,062.60. Each Unit consists of one common share of the Company and one warrant of the Company, each such warrant entitling ...
Private Placement (2 KB) TORONTO, ONTARIO - Tsodilo Resources Limited (the "Company") (TSX Venture Exchange: TSD) is pleased to announce that it has negotiated a non-brokered private placement of 754,000 units of the Company (the "Units") at a price of CDN$0.70 per common share for proceeds to the Company of CDN$527,800 Each Unit consists of one common share of the Company and one a warrant of the Company, each such warrant entitling the holder to purchase one common share of the Company at a price of CDN$0.70 for a per...
Drill Investigation of Anomaly C15 Confirms Kimberlite (93 KB)
TORONTO, ONTARIO - Tsodilo Resources Limited ("Tsodilo") (TSX Venture Exchange: TSD) is pleased to announce that the drill investigation of airborne magnetic anomaly C15 in the Nxau Nxau kimberlite field in their Newdico (Pty) Limited ("Newdico") license blocks in northwest Botswana has confirmed kimberlite.
ANOMALY C15
Ground gravity and magnetic...
Diamond Core Drill Rig Commissioned; Commencement of Drilling Program; Kimberlite Confirmed at A41 (542 KB)
TORONTO, ONTARIO - Tsodilo Resources Limited (the "Company") (TSX Venture Exchange: TSD) is pleased to announce the onsite commissioning of the Company's newly acquired Atlas Copco CT 14 diamond core drill rig; the commencement of an extensive drilling program and confirmation of kimberlite at target anomaly A41.
MOTIVATION FOR DRILL RIG ACQUISITION
The ...
Closing of Private Placement (2 KB) TORONTO, ONTARIO - Tsodilo Resources Limited (the "Company") (TSX Venture Exchange: TSD) is pleased to announce the closing of the private placement previously announced on July 19, 2006.
In a non-brokered private placement, 161,586 units of the Company (the "Units") were issued at a price of CDN$0.70 per Unit for proceeds to the Company of CDN$113,110. Each Unit consists of one common share of the Company and one warrant of the Company, each such warrant entitling the holder to purchase one ...
Private Placement (2 KB) TORONTO, ONTARIO - Tsodilo Resources Limited (the "Company") (TSX Venture Exchange: TSD) is pleased to announce that it has negotiated a non-brokered private placement of 161,586 units of the Company (the "Units") at a price of CDN$0.70 per common share for proceeds to the Company of CDN$113,110. Each Unit consists of one common share of the Company and one a warrant of the Company, each such warrant entitling the holder to purchase one common share of the Company at a price of CDN$0.70 for a pe...
Exploration Program Update (2 KB) TORONTO, ONTARIO - Tsodilo Resources Limited ("Tsodilo" or the "Company") (TSX Venture Exchange: TSD) is pleased to provide an update on their plans and actions for exploration in both their Newdico (Pty) Limited ("Newdico") and Gcwihaba Resources (Pty) Limited ("Gcwihaba') license blocks in Botswana.
EXPLORATION PROGRAM UPDATE
Tsodilo's Botswana subsidiary, Newdico (Pty) Limited, has taken delivery of an Atlas Copco CT 14 diamond core drill rig. The drill rig and support t...
Closing of Private Placement (2 KB) TORONTO, ONTARIO - Tsodilo Resources Limited (the "Company") (TSX Venture Exchange: TSD) is pleased to announce the closing of the private placement previously announced on May 4, 2006.
In a non-brokered private placement, 649,984 units of the Company (the "Units") were issued at a price of $0.70 per Unit for proceeds to the Company of CDN$454,988. Each Unit consists of one common share of the Company and one warrant of the Company, each such warrant entitling the holder to purchase one commo...
Private Placement (2 KB) TORONTO, ONTARIO - Tsodilo Resources Limited (the "Company") (TSX Venture Exchange: TSD) is pleased to announce that it has negotiated a non-brokered private placement of 593,636 units of the Company (the "Units") at a price of CDN$0.70 per common share for proceeds to the Company of CDN$415,545. Each Unit consists of one common share of the Company and one a warrant of the Company, each such warrant entitling the holder to purchase one common share of the Company at a price of CDN$0.70 for a pe...
Annual Shareholder's Meeting and Grant of Options (2 KB) TORONTO, CANADA - Tsodilo Resources Limited (TSX Venture Exchange: TSD) ("Tsodilo" or the "Company") is pleased to announce that at its Annual Meeting of shareholders held April 27, 2006 the following directors were elected: R. Stuart Angus, James M. Bruchs, Patrick C. McGinley and John R. Redmond. The shareholders approved the appointment of KPMG, Chartered Accountants, Johannesburg, South Africa as Auditors of the Company.
Under the terms of its Stock Option Plan, following the annual mee...
Closing of Private Placement (2 KB) TORONTO, ONTARIO - Tsodilo Resources Limited (the "Company") (TSX Venture Exchange: TSD) is pleased to announce the closing of the private placement previously announced on February 15, 2006.
In a non-brokered private placement, 319,108 units of the Company (the "Units") were issued at a price of CDN$0.90 per Unit for proceeds to the Company of CDN$287,198.00. Each Unit consists of one common share of the Company and one warrant of the Company, each full such warrant entitling the holder to p...
Private Placement (2 KB) TORONTO, ONTARIO - Tsodilo Resources Limited (the "Company") (TSX Venture Exchange: TSD) is pleased to announce that it has negotiated a non-brokered private placement of 319,108 units of the Company (the "Units") at a price of CDN$0.90 per common share for proceeds to the Company of CDN$287,198. Each Unit consists of one common share of the Company and one a warrant of the Company, each such warrant entitling the holder to purchase one common share of the Company at a price of CDN$1.00 for a pe...
Closing of Private Placement (2 KB) TORONTO, ONTARIO - Tsodilo Resources Limited (the "Company") (TSX Venture Exchange: TSD) is pleased to announce the closing of the private placement previously announced on December 28, 2006.
In a non-brokered private placement, 468,776 units of the Company (the "Units") were issued at a price of $1.25 per Unit for proceeds to the Company of $585,970. Each Unit consists of one common share of the Company and one warrant of the Company, each such warrant entitling the holder to purchase one co...
Grant of Stock Options (1 KB) January 4, 2006 TORONTO, ONTARIO - Tsodilo Resources Limited ("Tsodilo") (TSX Venture Exchange: TSD) reports that in terms of the Stock Option Plan of the Company and a policy adopted by the board of directors in September 2002, 85,000 stock options were granted to officers and senior employees on January 3, 2006 at $1.25 per common share. These options are valid for five years and vest in four equal installments on January 3, 2006, July 3, 2006, January 3, 2007 and July 3, 2007.
Tsod...
Exploration Program Update And Private Placement (2 KB) TORONTO, ONTARIO - Tsodilo Resources Limited ("Tsodilo") (TSX Venture Exchange: TSD) is pleased to report the results of their 2005 exploration campaign; to provide their conclusions and plans for exploration in 2006 in both their Newdico (Pty) Limited ("Newdico") and Gcwihaba Resources (Pty) Limited ("Gcwihaba') license blocks in Botswana; and to announce that it has negotiated a non-brokered private placement.
EXPLORATION PROGRAM UPDATE
NEWDICO (Pty) Limited
Summary of work...
Tsodilo Resources Limited Releases Detailed Report on the Mineral Chemistry of the A15/4 Drill Samples from Kimberlite A15 (2 KB) TORONTO, ONTARIO - Tsodilo Resources Limited ("Tsodilo") (TSX Venture Exchange: TSD) is pleased to announce the availability of a detailed report on the mineral chemistry of the A15/4 drill samples from kimberlite A15 located in their Newdico (Pty) Limited license block in Botswana.
Background to the discovery of A15
Kimberlite A15 is located approximately 25 kilometers east of the Namibia / Botswana border in the Company's Newdico license block. The kimberlite lies within ...
Annual Shareholder's Meeting and Grant of Options (2 KB) TORONTO, CANADA - Tsodilo Resources Limited (TSX Venture Exchange: TSD) ("Tsodilo" or the "Company") is pleased to announce that at its Annual and Special Meeting of shareholders held August 18, 2005 the following directors were elected: R. Stuart Angus, James M. Bruchs, Patrick C. McGinley and John R. Redmond. The shareholders approved the appointment of PricewaterhouseCoopers LLP as Auditors and voted to increase the Company's share option plan
by 539,750 shares.
Under the terms of its S...
Tsodilo Resources Limited Exploration Program Update; Base and Precious Metal Prospects (2 KB) TORONTO, ONTARIO - Tsodilo Resources Limited ("Tsodilo") (TSX Venture Exchange: TSD) is pleased to announce that its Botswana subsidiary, Gcwihaba Resources (Pty) Limited ("Gcwihaba") has made application to the Botswana Department of Geological Survey for four (4) base and precious metal prospecting licenses covering approximately 4,000 square kilometers in total.
The basis for submitting these license applications was the examination of soil sampling results, satellite imagery, airborne m...
Exploration Program Update - Further Drilling of Kimberlite A15 Commences (2 KB) TORONTO, ONTARIO - Tsodilo Resources Limited ("Tsodilo") (TSX Venture Exchange: TSD) is pleased to announce the commencement of a program of reverse circulation (RC) drilling of kimberlite A15 in order to collect a representative sample of kimberlite material for micro-diamond analysis. The RC rig has an air-flush coring system and if possible a series of cores of the kimberlite will be collected for further analysis. As announced in our April 27, 2005 press release, the mineral composi...
Kimberlite A15 Mineral Chemistry (2 KB) TORONTO, ONTARIO - Tsodilo Resources Limited ("Tsodilo") (TSX Venture Exchange: TSD) is pleased to announce the availability of a detailed report on the mineral chemistry of the drill samples from kimberlite A15 drilled in their Newdico (Pty) Limited license block in Botswana.
Background to the discovery of A15
Kimberlite A15 has a coincident magnetic and gravity anomaly with an indicated diameter of approximately 800 - 1,000 meters. The magnetic anomaly is dipola...
Exploration Program Update & Preliminary Microprobe Results of the A15 Kimberlite (2 KB) TORONTO, ONTARIO - Tsodilo Resources Limited ("Tsodilo") (TSX Venture Exchange: TSD) is pleased to announce the results of their 2004 exploration campaign, their conclusions and planned exploration for 2005 in both their Gcwihaba (Pty) Ltd and Newdico (Pty) Limited license blocks in Botswana.
Nxau Nxau Kimberlite Field
Gravity and magnetic grid surveys were performed over six selected airborne magnetic anomalies within the Nxau Nxau kimberlite field to better define the geop...
Closing of Private Placement (2 KB) TORONTO, ONTARIO - Tsodilo Resources Limited (the "Company") (TSX Venture Exchange: TSD) is pleased to announce the closing of the private placement previously announced on February 23, 2005.
In a non-brokered private placement, 461,570 units of the Company (the "Units") were issued at a price of $1.15 per Unit for proceeds to the Company of $530,806.00. Each Unit consists of one common share of the Company and half a warrant of the Company, each full such warrant entitling the holder to purc...
Private Placement (1 KB) TORONTO, ONTARIO - Tsodilo Resources Limited ("Tsodilo" or the "Company") (TSX Venture Exchange: TSD) is pleased to announce that it has negotiated a non-brokered private placement of 461,570 units of the Company (the "Units") at a price of $1.15 per Unit for proceeds to the Company of $530,806. Each Unit consists of one common share of the Company and half a warrant of the Company, each full such warrant entitling the holder to purchase one common share of the Company at a price of $1.15 for a ...
Appointment of Chief Financial Officer and Corporate Secretary (2 KB) TORONTO, ONTARIO - Tsodilo Resources Limited ("Tsodilo" or the "Company") (TSX Venture Exchange: TSD) is pleased to announce the January 4th appointment of L. Kirk Boyd as Chief Financial officer and Corporate Secretary of the Company subject to regulatory approval.
L. Kirk Boyd has over 30 years experience in the field of finance and administration in both Fortune 500 corporations and entrepreneurial organizations in both the private and public sectors. Kirk has held many seni...
Kimberlite Confirmed at A16, Program Update (2 KB) TORONTO, ONTARIO - December 8, 2004 - Tsodilo Resources Limited ("Tsodilo") (TSX Venture Exchange: TSD) is pleased to announce the discovery of a new kimberlite on its Newdico (Pty) Limited license block in Botswana.
A16
Drill target A16 is a coincident magnetic and gravity anomaly with an indicated diameter of approximately 800 - 1,000 meters. The magnetic anomaly is dipolar and roughly circular, indicative of a pipe-like intrusive body. ( ...
Closing of Private Placement (2 KB) TORONTO, ONTARIO - Nov. 24, 2004 - Tsodilo Resources Limited (TSX Venture Exchange:TSD) is pleased to announce the closing of the private placement previously announced on October 20th, 2004.
In a non-brokered private placement, 53,336 units of the Company (the "Units") were issued at a price of $2.35 per Unit for proceeds to the Company of $125,340.00. Each Unit consists of one common share of the Company and half a warrant of the Company, each full such warrant entitling the holder to p...
Kimberlite Confirmed at A15 Program Update (2 KB) TORONTO, ONTARIO - Tsodilo Resources Limited ("Tsodilo") (TSX Venture Exchange: TSD) is pleased to announce the discovery of a new kimberlite on its Newdico (Pty) Limited license block in Botswana.
A15
Drill target A15 is a coincident magnetic and gravity anomaly with an indicated diameter of approximately 800 - 1,000 meters. The magnetic anomaly is dipolar and roughly circular, indicative of a pipe-like intrusive body. (See, geophysical gravity and magnetic images on the Com...
Private Placement (1 KB) TORONTO, CANADA - Tsodilo Resources Limited (TSX Venture Exchange: TSD) is pleased to announce that it has negotiated a non-brokered private placement of 53,336 units of the Company (the "Units") at a price of $2.35 per Unit for proceeds to the Company of $125,340.00. Each Unit consists of one common share of the Company and half a warrant of the Company, each full such warrant entitling the holder to purchase one common share of the Company at a price of $2.35 for a period of two years....
Tsodilo Resources Limited-Kimberlite Confirmed at 1821- C12 (2 KB) TORONTO, ONTARIO - Oct. 18, 2004 - Tsodilo Resources Limited ("Tsodilo") (TSX Venture Exchange: TSD) is pleased to announce the discovery of a new kimberlite on its Newdico (Pty) Limited license block in Botswana.
Drill target 1821 - C12 is a coincident magnetic and gravity anomaly with an indicated diameter of approximately 800 meters. The magnetic anomaly is dipolar and roughly circular, indicative of a pipe-like intrusive body. The target was tested with a vertical reverse circulation...
Closing of Private Placement (2 KB) TORONTO, ONTARIO - Tsodilo Resources Limited (TSX Venture Exchange: TSD) is pleased to announce the closing of the private placement previously announced on September 16, 2004.
In a non-brokered private placement, 113,938 units of the Company (the "Units") were issued at a price of $1.12 per Unit for proceeds to the Company of $127,610.56. Each Unit consists of one common share of the Company and half a warrant of the Company, each full such warrant entitling the holder to purchase one common...
Exploration Program Update (2 KB) TORONTO, ONTARIO - Oct. 13, 2004 - Tsodilo Resources Limited (TSX Venture Exchange: TSD) is pleased to announce the commencement of a drilling program in Botswana and to provide the following update on its exploration activities and plans for the Company's current Ngamiland diamond exploration program.
There are three main thrusts to the drilling program:
- Kimberlite A37 - further evaluation
- Explore high-priority, identified kimberlite targets
- Explore a satellite image featu...
Unaware of Any Material Change (1 KB) Tsodilo Resources Limited ("Tsodilo" or the "Company") wishes to confirm that the Company's management is unaware of any material change in the Company's operations that would account for the recent increase in market activity.
Tsodilo Resources is an international diamond exploration company engaged in the search for economic kimberlites at its Newdico and Gcwihaba projects in northwest Botswana. Tsodilo has a 75% stake in Newdico while Trans Hex Group, a South African diamond mining and mar...
Private Placement (1 KB) TORONTO, CANADA - Tsodilo Resources Limited (TSX Venture Exchange: TSD) is pleased to announce that it has negotiated a non-brokered private placement of 113,938 units of the Company (the "Units") at a price of $1.12 per Unit for proceeds to the Company of $127,610. Each Unit consists of one common share of the Company and half a warrant of the Company, each full such warrant entitling the holder to purchase one common share of the Company at a price of $1.12 for a period of two years. Cl...
Annual Shareholders' Meeting and Grant of Options (1 KB) TORONTO, CANADA - Tsodilo Resources Limited (TSX Venture Exchange: TSD) ("Tsodilo" or the "Company") is pleased to announce that at its annual meeting of shareholders held September 1, 2004 the following directors were elected: R. Stuart Angus, James M. Bruchs, Christopher Jennings and Patrick McGinley.
Under the terms of its Stock Option Plan, following the annual meeting of shareholders, Tsodilo granted 260,000 options to four directors and one officer at an exercise price of $0.75 ...
Peter Walker to Join Tsodilo as Vice President, Exploration (2 KB) TORONTO, ONTARIO - Tsodilo Resources Limited (TSX Venture Exchange: TSD) ("Tsodilo" or the "Company") is pleased to announce that Peter Walker will re-join the Company as Vice President, Exploration effective September 1, 2004. Peter held this same position with the Company from 1995 to 2001 and was Trans Hex Group's Exploration Manager from 1999 until 2002. Since 2002, Peter has acted as a Consulting Geologist to the Company as well as many other diamond producers and exploration companies thro...
Exploration Program Update Diamond Inclusion Eclogitic Garnet Recovered Further Lherzolitic G9 Garnets Recovered (2 KB) TORONTO, ONTARIO -- Tsodilo Resources Limited (the "Company") (TSX Venture Exchange: TSD) is pleased to report on the progress of the Company's Ngamiland diamond exploration program. The major sampling programme over bulls-eye magnetic targets, aimed at locating virgin kimberlites within the company's Newdico (Proprietary) Ltd. ("Newdico") and Gcwihaba Resources (Proprietary) Limited ("Gcwihaba") license blocks in northwest Botswana, ongoing since March of this year, is nearing completion.
R...
R. Stuart (Tookie) Angus to Join Board of Directors (1 KB) TORONTO, ONTARIO - Tsodilo Resources Limited (TSX Venture Exchange: TSD) ("Tsodilo" or the "Company") is pleased to announce that R. Stuart (Tookie) Angus will join Management's slate as a nominee for election to the Board of Directors at the company's Annual Meeting to be held on September 1, 2004, subject to regulatory approval. In addition to Mr. Angus, management's slate for election to the Company's Board of Directors, is comprised of Dr. Christopher M. H. Jennings, James M. Bruchs a...
Exploration Program Update; Technical Committee Appointed; Management Update (2 KB) July 9, 2004 TORONTO, ONTARIO - Tsodilo Resources Limited (TSX Venture Exchange: TSD) ("Tsodilo" or the "Company") is pleased to report on the progress of the Company's Ngamiland diamond exploration programs.
TECHNICAL COMMITTEE APPOINTED
The Company is pleased to announce the formation of a technical committee composed of Dr. Andrew Moore, VP Exploration of Tsodilo, Dr. Pieter Gresse, a senior geologist at Trans Hex Group and Mr. Peter Walker, a consulting geologist to the...
Private Placement Closing (1 KB) TORONTO, ONTARIO - Tsodilo Resources Limited (TSX Venture Exchange: TSD) is pleased to announce the closing of the private placement previously announced on May 25, 2004.
In a non-brokered private placement, 687,409 units of the Company (the "Units") were issued at a price of $0.75 per Unit for proceeds to the Company of $515,557. Each Unit consists of one common share of the Company and half a warrant of the Company, each full such warrant entitling the holder to purchase one common share o...
Tsodilo Resources Limited - Exploration Program Update (2 KB) TORONTO, ONTARIO -- Tsodilo Resources Limited (TSX Venture Exchange: TSD) is pleased to report on the progress of the Company's Ngamiland diamond exploration program. There are two main thrusts to the program:
- The preliminary evaluation of the recently discovered A12 and A37 kimberlites, and
- A major sampling programme over bulls-eye magnetic targets, aimed at locating virgin kimberlites within the company's Newdico and Gcwihaba licence blocks in northwest Botswana.
Evaluation of ...
Private Placement (1 KB) TORONTO, CANADA - Tsodilo Resources Limited (TSX Venture Exchange: TSD) is pleased to announce that it has negotiated a non-brokered private placement of 687,409 units of the Company (the "Units") at a price of $0.75 per Unit for proceeds to the Company of $515,557. Each Unit consists of one common share of the Company and half a warrant of the Company, each full such warrant entitling the holder to purchase one common share of the Company at a price of $0.75 for a period of two years. Closing o...
Tsodilo Resources Limited Report For the Three And Nine Months Ended December 31, 2003 (2 KB) TORONTO, CANADA - Tsodilo Resources Limited (TSX Venture Exchange: TSD) is pleased to provide an update on the results of its activities for the nine months ended December 31, 2003. All activity remains focused on the Ngamiland and Gcwihaba diamond properties in northwest Botswana. Both projects are managed by Tsodilo, and have been identified as prime targets for locating the source of two important kimberlitic heavy mineral concentrations immediately to the west, in Namibia, that contain both ...
Further Interpretation Of Drilling Results (2 KB) TORONTO, ONTARIO - Tsodilo Resources Limited (TSX Venture Exchange: TSD) are pleased to announce an update on the Company's Ngamiland diamond exploration program, including a further interpretation of their geophysical survey and reverse circulation drilling results on the A37 and A12 kimberlites.
Exploration Program Summary
Tsodilo's exploration program consists of a number of individual projects. The most important of these are:
1. Evaluation of the recently discovered A37 an...
Private Placement (2 KB) TORONTO, ONTARIO - Tsodilo Resources Limited (TSX Venture Exchange: TSD) is pleased to confirm the closing of the private placement previously announced on December 24, 2003.
In a non-brokered private placement, 166,864 units of the Company (the "Units") were issued at a price of $0.75 per Unit for proceeds to the Company of $125,148. Each Unit consists of one common share of the Company and half a warrant of the Company, each full such warrant entitling the holder to purchase one common shar...
Appointment Of Director Closing Of Private Placement (2 KB) TORONTO, ONTARIO - Tsodilo Resources Limited (TSX Venture Exchange: TSD) is pleased to announce the appointment of Mr. Richard S. Kelso as an additional director, as well as the closing of the private placement previously announced on December 24, 2003. Both matters being subject to regulatory approval.
Based in Washington, D.C. Mr. Kelso has more than 30 years of experience in the financial services industry, a master's degree in International Finance from the American Graduate School of Int...
Private Placement (1 KB) TORONTO, CANADA - Tsodilo Resources Limited (TSX Venture Exchange: TSD) is pleased to announce that it has negotiated a non-brokered private placement of 166,866 units of the Company (the "Units") at a price of $0.75 per Unit for proceeds to the Company of $125,150. Each Unit consists of one common share of the Company and half a warrant of the Company, each full such warrant entitling the holder to purchase one common share of the Company at a price of $0.75 for a period of two years. Closing o...
Drilling Results At A37 (76 KB) TORONTO, ONTARIO - Tsodilo Resources Limited (TSX Venture Exchange: TSD) is pleased to report on the drilling results for the geophysical target designated A37. This is the third target to be investigated in the recent drilling program.
A 37
The accompanying figure shows the 2nd Order Gravity residual for the geophysical target designated A37. Defined in this figure is a major elongated gravity "low" orientated west-northwest -- east-southeast. A subsidiary gravity low immediately to the ea...
Quarterly Report For The Three And Six Months Ended September 30, 2003 (2 KB) TORONTO, ONTARIO- Tsodilo Resources Limited (TSX Venture Exchange: TSD) is pleased to provide an update on the results of its activities for the six months ended September 30, 2003. All activity remains focussed on the Ngamiland and Gcwihaba diamond properties in northwest Botswana. Both projects are managed by Tsodilo, and have been identified as prime targets for locating the source of two important kimberlitic heavy mineral concentrations immediately to the west, in Namibia, that contain both...
Kimberlite Confirmed At A12 (2 KB) TORONTO, ONTARIO - Tsodilo Resources Limited (TSX Venture Exchange: TSD) and Trans Hex Group Limited (Johannesburg Stock Exchange: TSX and Namibian Stock Exchange: THX) are pleased to report that kimberlite has been intersected in each of two holes drilled on the magnetic target designated A12, at their Ngamiland joint venture property in northwest Botswana. This is the first target to be investigated in the current drilling programme and is located to the north of a group of kimberlites previou...
Private Placement (2 KB) TORONTO, ONTARIO - Tsodilo Resources Limited (TSX Venture Exchange: TSD) is pleased to confirm the closing of the private placement previously announced on September 9, 2003.
In a non-brokered private placement, 746,812 units of the Company (the "Units") were issued at a price of $0.50 per Unit for proceeds to the Company of $373,406. The amount raised substantially exceeds the $135,746 initially announced, as a result of further interested parties contacting the Company. Each Unit consists o...
Private Placement (1 KB) TORONTO, CANADA - Tsodilo Resources Limited (TSX Venture Exchange: TSD) is pleased to announce that it has negotiated a non-brokered private placement of 271,492 units of the Company (the "Units") at a price of $0.50 per Unit for proceeds to the Company of $135,746. Each Unit consists of one common share of the Company and half a warrant of the Company, each full such warrant entitling the holder to purchase one common share of the Company at a price of $0.50 for a period of two years. Closing o...
Quarterly Report For The Three Months Ended June 30, 2003 (2 KB) TORONTO, ONTARIO- Tsodilo Resources Limited (TSX Venture Exchange: TSD) is pleased to provide an update on the results of its activities for the three months ended June 30, 2003. The Corporation's principal activity remains the exploration of the Ngamiland and Gcwihaba diamond properties, in northwest Botswana. These properties are proximal to two important kimberlitic heavy mineral concentrations, immediately to the west in Namibia, that contain both G10 garnets and diamonds. The properties man...
Private Placement (2 KB) TORONTO, ONTARIO - Tsodilo Resources Limited (TSX Venture Exchange: TSD) is pleased to announce the closing of the private placement previously announced on July 29, 2003.
In a non-brokered private placement, 325,708 units of the Company (the "Units") were issued at a price of $0.50 per Unit for proceeds to the Company of $162,854. Each Unit consists of one common share of the Company and half a warrant of the Company, each full such warrant entitling the holder to purchase one common share o...
Private Placement (3 KB) TORONTO, CANADA - Tsodilo Resources Limited (TSX Venture Exchange: TSD) is pleased to announce that it has negotiated a non-brokered private placement of 325,708 units of the Company (the "Units") at a price of $0.50 per Unit for proceeds to the Company of $162,854. Each Unit consists of one common share of the Company and half a warrant of the Company, each full such warrant entitling the holder to purchase one common share of the Company at a price of $0.50 for a period of two years. Closing o...
Announcement Of A Joint Venture Between Tsodilo Resources And SouthernEra Resources In Northwest Botswana (4 KB) TORONTO, CANADA - Tsodilo Resources Limited (TSX Venture Exchange: TSD) and SouthernEra Resources Limited (TSX: SUF / AIM: SRE) are pleased to announce that they have agreed in principal to conclude a 50/50 joint venture to explore for primary source diamond deposits in northwest Botswana.
Tsodilo will contribute an initial 7 prospecting licences, approximately 7,000 square kilometres, granted earlier this year to Tsodilo's wholly owned Botswana subsidiary: Gcwihaba Resources (Proprietary) Li...
Private Placement (4 KB) TORONTO, CANADA - Tsodilo Resources Limited (TSX Venture Exchange: TSD) is pleased to announce the closing of the private placement previously announced on May 16, 2003.
In a non-brokered private placement, 535,906 units of the Company (the "Units") were issued at a price of $0.50 per Unit for proceeds to the Company of $267,953. Each Unit consists of one common share of the Company and half a warrant of the Company, each full such warrant entitling the holder to purchase one common share of ...
Private Placement (3 KB) TORONTO, CANADA - Tsodilo Resources Limited (TSX Venture Exchange: TSD) is pleased to announce that it has negotiated a non-brokered private placement of 535,906 units of the Company (the "Units") at a price of $0.50 per Unit for proceeds to the Company of $267,953. Each Unit consists of one common share of the Company and half a warrant of the Company, each full such warrant entitling the holder to purchase one common share of the Company at a price of $0.50 for a period of two years. Closing o...
Private Placement (4 KB) TORONTO, CANADA - Tsodilo Resources Limited (TSX Venture Exchange: TSD) is pleased to announce the closing of the private placement previously announced on March 7, 2003.
In a non-brokered private placement, 315,122 units of the Company (the "Units") were issued at a price of $0.50 per Unit for proceeds to the Company of $157,561. Each Unit consists of one common share of the Company and half a warrant of the Company, each full such warrant entitling the holder to purchase one common share of...
Ground Magnetic And Gravity Survey Results (86 KB) TORONTO, CANADA - Tsodilo Resources Limited (TSX Venture Exchange: TSD) is pleased to present the initial results from ground magnetic and gravity surveys that are currently in progress over magnetic targets at Nxau Nxau, in the west of the Corporation's Ngamiland property in northwest Botswana. All grids were surveyed along North - South lines, with a 200 metre line spacing and 50 metre station spacing along the lines.
Results have thus far been received for the targets designated A37, A38 a...
Private Placement (3 KB) TORONTO, CANADA - Tsodilo Resources Limited (TSX Venture Exchange: TSD) is pleased to announce that it has negotiated a non-brokered private placement of 315,122 units of the Company (the "Units") at a price of $0.50 per Unit for proceeds to the Company of $157,561. Each Unit consists of one common share of the Company and half a warrant of the Company, each full such warrant entitling the holder to purchase one common share of the Company at a price of $0.50 for a period of two years. Closing o...
Report For The Nine Months Ended December 31, 2002 (5 KB) TORONTO, CANADA - Tsodilo Resources Limited (TSX Venture Exchange: TSD) is pleased to provide an update for the nine months ended December 31, 2002. The Corporation's principal activity remains the exploration of the Ngamiland diamond property, in northwest Botswana. The Ngamiland property is proximal to two important kimberlitic heavy mineral concentrations in Namibia, immediately to the west, that contain G10 garnets and diamonds. The Tsodilo property was identified as a prime target for locat...
Report For The Six Months Ended September 30, 2002 And Private Placement (421 KB) TORONTO, CANADA - Tsodilo Resources Limited (TSX Venture Exchange: TSD) is pleased to announce the closing of the private placement previously announced on October 25, 2002 and provide an update on its activities for the six months ended September 30, 2002.
In a non-brokered private placement, 236,130 units of the Company (the "Units") were issued at a price of $0.50 per Unit for proceeds to the Company of $118,065. Each Unit consists of one common share of the Company and half a warrant of t...
Private Placement (3 KB) TORONTO, CANADA - Tsodilo Resources Limited (TSX Venture Exchange: TSD) is pleased to announce that it has negotiated a non-brokered private placement of 236,130 units of the Company (the "Units") at a price of $0.50 per Unit for proceeds to the Company of $118,065. Each Unit consists of one common share of the Company and half a warrant of the Company, each full such warrant entitling the holder to purchase one common share of the Company at a price of $0.50 for a period of two years. Closing o...
Changes In Capital Structure (4 KB) TORONTO, CANADA - Tsodilo Resources Limited (TSX Venture Exchange: TSD) is pleased to announce the closing of the private placement previously announced on September 26, 2002.
In a non-brokered private placement, 372,120 units of the Company (the "Units") were issued at a price of $0.25 per Unit for proceeds to the Company of $93,030. Each Unit consists of one common share of the Company and one warrant of the Company, each such warrant entitling the holder to purchase one common share of the...
Private Placement (3 KB) TORONTO, CANADA - Tsodilo Resources Limited (TSX Venture Exchange: TSD) is pleased to announce that it has negotiated a non-brokered private placement of 372,120 units of the Company (the "Units") at a price of $0.25 per Unit for proceeds to the Company of $93,030. Each Unit consists of one common share of the Company and one warrant of the Company, each such warrant entitling the holder to purchase one common share of the Company at a price of $0.25 for a period of two years. James M. Bruchs, C...
Report For The Three Months Ended June 30, 2002 (4 KB) Tsodilo Resources Limited (CDNX: TSD) is pleased to provide an update on its activities for the three months ended June 30, 2002.
In Botswana, the Company has a 75% operating interest in approximately 17,000 square kilometres of extremely prospective ground on the Congo craton; on which there is encouragement for the existence of undiscovered kimberlites in three separate areas of the property. Tsodilo has carried out the first systematic soil sampling programme, on a five square kilometre gr...
Change Of Trading Symbol And Technical Update (5 KB) Tsodilo Resources Limited (CDNX: TSD) is pleased to announce that trading of its common shares on the TSX Venture Exchange commenced today under the symbol: TSD (CUSIP Number: 898530 10 0).
Tsodilo is also happy to report that further results have been received from the processing of soil samples collected on the 5km x 5km grid over the Ngamiland diamond property in northwest Botswana. This regional sampling program represents the first systematic sampling programme ever carried out over the...
Tsodilo Resources Limited Resumes Trading (3 KB) TORONTO, CANADA - Tsodilo Resources Limited ("Tsodilo"), formerly Trans Hex International Ltd., (TSX Venture Exchange: (TSD)) announced today that its common shares have resumed trading on the TSX Venture Exchange (the "Exchange") under the symbol TSD. The common shares were halted for trading by the Exchange on June 19, 2002 in order to resolve issues arising from the inadvertent and unintentional omission by its President and CEO, James M. Bruchs, of a matter which arose sixteen (16) years ag...
Corporate Update (3 KB) Tsodilo Resources Limited, formerly Trans Hex International Ltd., (CDNX: THI) is pleased to announce the appointment of the following additional director, subject to regulatory confirmation, and officers:
Patrick C. McGinley Director
Dr. Andrew E. Moore Vice President, Exploration
Stephen Woodhead Chief Financial Officer
In terms of the Stock Option Plan of the Corporation and subject to regulatory approval, the board of directors has granted 260,000 options to existing and new directors...
COMPLETION OF RESTRUCTURING AND PRIVATE PLACEMENT (3 KB) Tsodilo Resources Limited, formerly Trans Hex International Ltd., (CDNX: THI) is pleased to announce the closing of the private placement previously announced on May 2, 2002 as well as the following appointments that have taken effect with the substantive completion of the restructuring as approved by the holders of the common shares on April 9, 2002.
In a non-brokered private placement, 835,300 units of the Company (the "Units") were issued at a price of $0.15 per Unit for proceeds to the Co...
Private Placement (3 KB) Trans Hex International Ltd., to be renamed Tsodilo Resouces Limited (CDNX: THI) is pleased to announce that it has negotiated a non-brokered private placement of up to 1,000,000 units of the Company (the "Units") at a price of $0.15 per Unit for proceeds to the Company of up to $150,000. Each Unit consists of one common share of the Company and one warrant of the Company, each such warrant entitling the holder to purchase one common share of the Company at a price of $0.40 for a period of two y...
RESTRUCTURING OF TRANS HEX INTERNATIONAL LTD. (4 KB) Trans Hex International Ltd. (CDNX: THI) is pleased to confirm that all resolutions proposed at the Special Meeting of shareholders held today were approved with the required majorities.
The Sale Transaction Resolution, authorized the sale to Trans Hex Group Limited ("THG") of substantially all the Company's assets, except for a 75% interest in Newdico (Proprietary) Limited (holder of the Ngami diamond property in Botswana), in exchange for the settlement of all debt due to THG at the closing...
Restructuring Of Trans Hex International Ltd. (4 KB) TORONTO, CANADA - Trans Hex International Ltd. (CDNX: THI) is pleased to announce that following the restructuring of the corporation in terms of the letter of intent with Trans Hex Group Limited announced on March 6, 2002, and more fully set out in a Management Information Circular mailed to all registered shareholders yesterday for the Special Meeting called for April 9, 2002, the following individuals and entities relationships with the corporation will change:
The name of the cor...
Agreement With Trans Hex Group Limited (8 KB) Trans Hex International Ltd. (CDNX: THI) ("THI") is pleased to announce that it has entered into a letter of intent with Trans Hex Group Limited ("THG") pursuant to which the parties have agreed to an alternative transaction to the court approved winding-up of THI previously announced by THG.
Pursuant to the letter of intent, THG has agreed to a settlement of the debt due and owing to THG at closing (aggregating Cdn.$895,000 as at January 31, 2002) and has agreed to assume project finance l...
Update For The Quarter Ended December 31, 2001 (5 KB) TORONTO, CANADA -- In November 2001 TRANS HEX INTERNATIONAL LTD. (CDNX: THI) was advised by its principal shareholder and major creditor, Trans Hex Group Limited, a substantial South African diamond producer, that all future funding for Trans Hex International and its exploration properties, not committed in terms of specific Project Finance Loan Agreements, had been suspended with immediate effect, and of its intention to apply to the Canadian courts for a court approved winding up of the Compa...
Independent Committee Update (3 KB) TORONTO, CANADA - Based on requests from shareholders and other interested parties, the Independent Committee of the Board of Directors of TRANS HEX INTERNATIONAL LTD. (CDNX: THI) is pleased to provide a further breakdown of the valuation prepared by its independent consultant of certain of THI's exploration interests in Southern Africa.
The Independent Committee had previously announced that the independent consultant had arrived at an estimated value in the range of $1,949,000 to $2,045,000...
Independent Committee Update (4 KB) TORONTO, CANADA -- TRANS HEX INTERNATIONAL LTD. (CDNX: THI) The Independent Committee of the Board of Directors of Trans Hex International Ltd. (CDNX: THI) is pleased to provide an update on the Committee's deliberations following Trans Hex Group Limited's announcement of its intention to seek a court approved winding-up of THI.
The Independent Committee has received the report of its independent consultant regarding the evaluation of certain of THI's exploration interests in Southern Afric...
Independent Committee Update (3 KB) The design and conduct of the Company's exploration programs has been the responsibility of Mr. Peter Walker, a professional geologist registered with the South African Council for Natural Scientific Professions. As a result of Mr. Walker having left the employ of Trans Hex Group effective November 28, 2001, his services as Vice-President, Exploration are no longer available to THI.
Independent Committee Formed (2 KB) TRANS HEX INTERNATIONAL LTD. (CDNX: THI) has advised, following a meeting of the board of directors this morning, that an independent committee has been formed to consider the actions to be taken by the Corporation in response to the decision by Trans Hex Group Limited to suspend future funding for Trans Hex International and its exploration properties, and to apply to the Canadian courts for a court approved winding up of Trans Hex International. The independent committee is composed of Mr. Hug...
Suspension of Financial Assistance (2 KB) TRANS HEX INTERNATIONAL LTD. (CDNX: THI) has been advised by Trans Hex Group Limited, following the announcement of the unfavourable results from the Barra Grande project in Brazil and the re-prioritization of all exploration projects within the Trans Hex group of companies, that all future funding for Trans Hex International and its exploration properties has been suspended with immediate effect.
Trans Hex Group has also advised the Company that it intends to apply to the Canadian courts for...
Barra Grande Results (3 KB) TRANS HEX INTERNATIONAL LTD. (CDNX: THI) regrets to advise that exploration activities at the Barra Grande alluvial diamond project in the Minais Gerais state of Brazil have failed to verify the presence of an economic diamond deposit. As at September 30, 2001 the Company had an effective 63.4% interest in the joint venture.
Results from the treatment of 2,400 bank cubic metres, representing an eight-metre thick intermediate gravel horizon at the northern sampling site were announced on Octob...
Update for the Quarter Ended September 30, 2001 (5 KB) TRANS HEX INTERNATIONAL LTD. (CDNX: THI) today announced the results from its operations for the three and six-month periods ended September 30, 2001.
At the Barra Grande alluvial project in Brazil, treatment of some 2,400 bank cubic metres from 15 samples that represent an eight-metre thick intermediate gravel horizon, at the northern sampling site were completed during the period. Results to date indicate a low level of diamond mineralization, with a total of 12 diamonds recovered at an ave...
Results For The Quarter Ended June 30, 2001 (4 KB) TRANS HEX INTERNATIONAL LTD. (CDNX: THI) today announced the results from its operations for the three months ended June 30, 2001.
At the Barra Grande project in Brazil, processing of selected blocks from all levels of the southern target, Villa Barroso, is substantially complete. Although commercial grades were not achieved, the results confirmed the presence of diamonds of a reasonably large average stone size, with all stones recovered to date being of gem quality. A preliminary valuation ...
Results For The Year Ended March 31, 2001 (5 KB) TORONTO, CANADA -- TRANS HEX INTERNATIONAL LTD. (CDNX: THI) today announced the results from its operations for the fiscal year ended March 31, 2001.
At Barra Grande, Brazil processing of 31 samples has been completed. A total of 28 diamonds, weighing 14.90 carats, were recovered from level 5, the one-metre thick interval within the seven-metre thick gravel horizon with the highest heavy mineral content. This represents an average grade of 0.61 carats per 100 bank cubic metres and an average ...
Update: Barra Grande Alluvial Diamond Project, Brazil (6 KB) TORONTO, CANADA -- TRANS HEX INTERNATIONAL LTD. (CDNX: THI) reports on the results to date of the sampling program at its Barra Grande diamond exploration project in the Minas Gerais state of Brazil.
At the Barra Grande property, processing of the samples excavated from the first pit at the Villa Barroso target continues. Commissioning of the diamond recovery plant was completed by the end of February 2001 and the plant is now operating on a 24-hour basis, five days per week. The gravel body ...
Confirmation Of Funding - Fiscal 2002 (5 KB) TRANS HEX INTERNATIONAL LTD. (CDNX: THI) is pleased to announce that the Company has received the necessary approvals for the extension of the project finance loan agreements concluded last year with Trans Hex Group Limited of South Africa, the Company's parent company, for the funding of the Barra Grande project in Brazil (to a maximum of a further US$1 million), and the Northbank project in Namibia (to a maximum of a further N$2.1 million, approximately US$260,000) for a further year, to March...
Trans Hex International Ltd. Quarterly Report - December 31, 2000 (4 KB) TRANS HEX INTERNATIONAL LTD. (CDNX: THI) is pleased to announce the results of its operations during the nine months ended December 31, 2000.
At the Barra Grande alluvial diamond exploration project in the Minas Gerais state of Brazil, excavation of the first sample trench at the Villa Barroso target and construction of a 15 tonne-per-hour run-of-mine pan plant, along with a slimes dam and ancillary works, were completed during January 2001. Initial results from the treatment of an estimated ...
Trans Hex International Ltd. Exercise Of Option And Completion Of Sampling Plant, Brazil (4 KB) TRANS HEX INTERNATIONAL LTD. (CDNX: THI) is pleased to announce that it has exercised its option and vested its 50% interest in the Barra Grande alluvial diamond exploration project, in the Minas Gerais state of Brazil. Construction of a diamond recovery plant at the Barra Grande property was completed during January 2001 and treatment of gravels recovered from the first sample trench has commenced.
During November 2000, the Company met its expenditure commitment of US$2 million, as provided ...
Quarterly Report For The Six Months Ended September 30, 2000 (4 KB) TRANS HEX INTERNATIONAL LTD. (CDNX: THI) is pleased to announce the results of its operations during the six months ended September 30, 2000.
At the Barra Grande alluvial diamond exploration project in the Minas Gerais state of Brazil the location and pit design for the first trench are complete and excavation of overburden has commenced. Construction of a pan plant, capable of treating 15 tonnes-per-hour run-of-mine is in progress, with commissioning expected during December 2000. Initial re...
Exploration Update - Barra Grande, Brazil (4 KB) TRANS HEX INTERNATIONAL LTD. (CDNX: THI) is pleased to provide an update on its exploration activities at the Barra Grande alluvial diamond project in Brazil.
Following extensive drilling and heavy mineral analyses on the Barra Grande peninsula, in the Minas Gerais state of Brazil, three high priority targets have been selected.
...
Quarterly Report For The Three Months Ended June 30, 2000 (5 KB) TRANS HEX INTERNATIONAL LTD. (CDNX: THI) is pleased to announce the results of its operations for the three months ended June 30, 2000.
Following extensive reverse circulation drilling on the Barra Grande peninsula, in the Minas Gerais state of Brazil, including heavy mineral analysis of the drill samples, three high priority targets have been selected. The determination of the precise location and pit design for the first trench are nearing completion, with excavation of overburden expected ...
Listing On The Canadian Venture Exchange (2 KB) Trans Hex International Ltd. (CDNX-THI) is pleased to announce that effective at the opening August 4, 2000, the common shares of the Company will commence trading on the Canadian Venture Exchange (the "CDNX") under the trading symbol "THI". The Company will continue to trade on the Toronto Stock Exchange until August 31, 2000.
The CDNX has issued a bulletin to members of the Exchange advising of the foregoing. Trans Hex International has 14,597,656 common shares issued and outstanding, inclu...
Equity Market (3 KB) Trans Hex International Ltd. (TSE-THI) was advised this morning by The Toronto Stock Exchange (the "TSE") that effective August 30, 2000 the common shares of the Company will be suspended from trading on the TSE.
The Company was advised by the TSE on April 1, 2000 that it fell below the new continued listing requirements because the market value of its publicly held securities was less than $2 million. The Company's public float has ranged from approximately $1.0 million to $1.5 million over ...
Annual Report For The Year Ended March 31, 2000 (7 KB) Trans Hex International Ltd. (TSE-THI) is pleased to announce the results of its operations for the fiscal year ended March 31, 2000.
The first phase of the exploration program in Brazil began with widely spaced reverse circulation drilling along the public road of the Barra Grande peninsula. The initial spacing of 1 km was designed to indicate merely the regional distribution and characteristics of the alluvial gravels. Infill holes were drilled at 500 m spacing on four sections where gravel...
Financial Restructuring And Appointment Of Chairman (4 KB) Trans Hex International Ltd. (TSE-THI) is pleased to confirm that all necessary approvals have been received for the financial restructuring announced on February 23, 2000.
In terms of this restructuring, the loan due to the Company's principal shareholder, Trans Hex Group Limited, amounting to $2.85 million at March 31, 2000 has been applied to the purchase of 713,136 common shares in the Company, at an effective price of $4.00 per common share. This step by Trans Hex Group, a substantial So...
Third Quarter Ended December 31, 1999 And Financial Restructuring (7 KB) Trans Hex International Ltd. (TSE-THI) today announced the results of its operations for the nine months ended December 31, 1999. The Company also announced that Trans Hex Group Limited will convert their outstanding loan as at March 31, 2000 into equity and make project finance available to the Company's two principal projects for the 2001 fiscal year.
On the Barra Grande peninsula in the Minas Gerais state of Brazil, reverse circulation drilling and heavy mineral analysis of the drill samp...
Second Quarter 2000 - For the Six Months Ended September 30, 1999 (4 KB) Trans Hex International Ltd. (TSE-THI) today announced the results of its operations for the six months ended September 30, 1999.
A program of widely spaced drilling on public and farm roads of the Barra Grande peninsula, Brazil has indicated that several gravel bodies extend across the peninsula and that potential gravel volumes are in excess of 100 million cubic metres. An area of priority interest, measuring 8.5 kilometres by 4.5 kilometres has been defined and systematic drilling on 500 ...
Exploration Results - Alluvial Diamond Property, Brazil (12 KB) Trans Hex International Ltd. (TSE-THI) is pleased to announce the results of the regional drilling program at Barra Grande, where the Company is required to spend US$2 million on exploration in order to earn a 50% interest in a joint venture with Verena Minerals Corporation ("Verena"). Trans Hex International is the operator of the program. The first phase of exploration, consisting of 4,901 metres of widely spaced reversed circulation drilling in 144 holes, has at four locations along the drill...
Quarterly Report for the Three Months Ended June 30, 1999 (5 KB) Trans Hex International Ltd. (TSE-THI) announced today the results of its operations for the three months ended June 30, 1999.
Widely spaced reverse circulation drilling along the public roads on the Barra Grande peninsula, Brazil has intersected four bodies of gravel deposited in paleochannels. First indications are that the northern gravel body is some 6 kilometres long by 5 kilometres wide and 2 to 18 metres (average 5 metres) thick. There are garimpeiro workings on each end ...
Progress Report on the Barra Grande and Northbank Projects (5 KB) Trans Hex International Ltd. (TSE: THI) announced today the results of its initial reconnaissance drilling program at the Barra Grande project in Brazil, and provided an update regarding the delay at its Northbank project, in Namibia. The first 1,000 metres of reverse circulation drilling has been completed at the Barra Grande project, in the Minas Gerais State of Brazil, where the Company is earning a 50 percent interest in a joint venture with Verena Minerals Corporation, with the following re...
Annual Report for the year ended March 31, 1999 (7 KB) Trans Hex International Ltd. (TSE: THI) today announced the results of its operations for the fiscal year ended March 31, 1999.
Commencement of bulk sampling at the Northbank Project in Namibia has been delayed by the action of the surface rights owner, but the ruling of the arbitration commission has cleared most of the impediments and excavation of the first bulk sampling site is now expected to commence in mid 1999. As previously reported, the drill indicated resource of 30 million cubic ...
Report on the Nine Months Ended December 31, 1998 (4 KB) Exploration and development expenditure capitalized during the nine months ended December 31, 1998 includes $316,000 incurred on the Company's Northbank property and $92,000 incurred on the offshore project on the Skeleton Coast of Namibia. Also capitalized was $249,000 incurred on the Rio Grande property since conclusion of the joint venture agreement. General exploration expenditure of $188,000 includes $131,000 relating to preliminary investigations carried out in Brazil prior to conclusion o...
Results of Namibian Arbitration (3 KB) Trans Hex International Ltd. (TSE: THI) is pleased to report that on January 27, 1999 the Minerals Ancillary Rights Commission of the Namibian Ministry of Mines and Energy released its judgement in the Northbank Diamonds' application for arbitration in respect of disputed rights of access to the Aussenkehr farm. The judgement grants Northbank the right to enter upon the Aussenkehr farm in order to continue exploration as authorized in terms of its Exclusive Prospecting License ("EPL") 2101, and ...
Report on the Second Quarter Ended September 30, 1998 (6 KB) Exploration and development expenditure during the six months ended September 30, 1998 amounted to $1.0 million, compared with $3.9 million during the same period of the 1998 fiscal year. This included expenditure in Angola amounting to $260,000 which, together with the $345,000 capitalized at March 31, 1998, has been written off following the Company's decision not to proceed with the Diagema project. (In the six months ended September 30, 1997, $7.3 million was written off as a result of minin...
General Property Update (4 KB) The arbitration hearing to determine the surface compensation payable to the farm owner at the Northbank project, Namibia has been postponed to the week of November 16, 1998. Following this further delay, the Company has made arrangements to transfer the 100 tonne per hour DMS sampling plant to its parent company, who has undertaken to replace the plant on demand. Construction of the new plant is proposed to commence simultaneously with the mobilization to the site of the earth moving contractor...
Signing of Definitive Agreement with Verena Minerals Corporation (4 KB) Trans Hex International Ltd. (TSE: THI) is pleased to announce the signing of an Option and Shareholders' Agreement with Verena Minerals Corporation ("Verena") for the exploration and development of the Rio Grande diamond project, located along the Rio Grande River in the Minas Gerais and Sao Paulo states of Brazil. Under the Agreement, Trans Hex International Ltd. can earn a 50% interest in the project by spending US$2 million over a three-year period. Further expenditure would be on a pro rata...
Report on First Quarter ended June 30, 1998 (6 KB) Trans Hex International Ltd. (TSE: THI) wishes to report its financial results and the progress on its exploration properties for the three months ended June 30, 1998. Exploration and development expenditure during the first quarter amounted to $ 601,000, of which $ 425, 000 has been capitalized. Of this amount, $ 315,000 was spent on the Northbank project, $ 105,000 in Angola and $ 176,000 on general reconnaissance of a number of potential projects as well as on preliminary work regarding the R...