On May 6, 2024, Tsodilo Resources Limited closed the transaction. The company issued 945,000 units at a subscription price of CAD 0.30 per Unit for gross proceeds CAD 283,500. The Common Shares and the Warrants comprising the Units are subject to a statutory four month and one day hold period, which expires on September 7, 2024.

The transaction included participation from 5 placees. The TSX Venture Exchange has accepted for filing documentation with respect to anon-brokered private placement.