TORONTO, ON / ACCESSWIRE / December 21, 2022 / Tsodilo Resources Limited ("Tsodilo" or the "Company") (TSX-V:TSD)(OTCQB:TSDRF)(FSE:TZO) announces subject to receipt of required acceptance from the TSX-V, the Company will extend the expiry of a total of 2,804,055 outstanding common share purchase warrants (the "Warrants"). The Warrants were issued pursuant to a public offering which closed on February 10, 2023, to which the Company issued 2,986,038 units of the Company (each, a "Unit") at a price of C$0.50 per Unit. Each Unit consisted of one common share of the Company (a "Share") and one Warrant, with each Warrant entitling the holder thereof to purchase one additional Share until January 25, 2023 for the first tranche of units and February 10, 2023 for the second unit tranche, at an exercise price of USD$0.55. Upon TSX-V approval, the term of the Warrants will be amended to extend the expiry date of the Warrants by six-months from January 25, 2023, to July 25, 2023, for the first tranche and February 10, 2023, to August 23, 2023, for the second tranche. All other terms and conditions of the Warrants will remain unchanged.
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