Deep-South Resources Inc. , announced today that it has received the approval of the TSX Venture Exchange for the debt repayment in shares to Teck Namibia Ltd. , a wholly owned subsidiary of Teck Resources Limited. The debt repayment transaction was originally announced on June 30, 2020. Furthermore, the parties had also agreed to amend a convertible debenture held by Teck. Following review of the TSX-V, the terms of the [...]
Deep-South Resources Inc. announces that it will proceed with a non-brokered private placement. The Company will proceed with a non-brokered private placement for gross proceeds of up to $1,000,000 . The non-brokered private placement will comprise up to 8,333,333 units of Deep-South, at a subscription price of $0.12 per Unit. Each Unit will consist of one common share and one common share purchase warrant . Each Warrant [...]
Deep-South Resources Inc. announces that it has Deep-South has granted an aggregate of 750,000 stock options of the Company. All the options have been granted to Consultants of the Company. Each option entitles its holder to purchase one common share of the Company at a price of $0.135 per share for a three-year period. In accordance with the policy of the Company, the options are vesting every 6 months for a period of 24 [...]
Deep-South Resources Inc. - announces that it has granted an aggregate of 1 million stock options of the Company to Euro Alloys Ltd . Each option entitles its holder to purchase one common share of the Company at a price of $0.15 per share until December 31, 2021. Options are granted in accordance with Policy 4.4 of the TSX Venture Exchange and the terms and conditions of the Company's stock option plan. The options were [...]
Deep-South Resources Inc. announced today that Teck Namibia Ltd. , a wholly owned subsidiary of Teck Resources Limited, and Deep-South have agreed to amend the sale agreement dated February 14, 2017 whereby Deep-South acquired Teck's interest in the Haib Copper project in Namibia. The Sale Agreement stipulated that Deep-South make cash payments to Teck of $200,000 on the first anniversary of the agreement and $200,000 on [...]
Deep-South Resources announces that it has granted an aggregate of 750,000 stock options of the Company to Paradox Public Relations Inc. Each option entitles its holder to purchase one common share of the Company at a price of 8 cents per share for a five-year period. The options are vesting every 6 months for a period of 24 months. Options are granted in accordance with Policy 4.4 of the TSXV and the terms and conditions [...]
Deep-South Resources announces that it has Deep-South has granted an aggregate of 2,050,000 stock options of the Company. All the options have been granted to Directors and Officers and Consultants of the Company. Each option entitles its holder to purchase one common share of the Company at a price of 8 cents per share for a five-year period. The options of the Directors and Officers are vesting every 6 months for a [...]
Deep-South Resources announced today that the Preliminary Economic Assessment report on the Haib Copper project in Namibia has been filed on SEDAR. The report is accessible at www.sedar.com and on the Deep-South website. eep-South Resources is a mineral exploration company largely held by Namibian shareholders and Management - Directors with 24% and Teck Resources with 23% of Deep-South share capital. Deep-South currently [...]
--The deposit showed to be amenable to Bio-heap leaching; --Throughput of 20 Mtpa --Copper recovery of 80% --Production of 35, May 20, 2020 - Deep-South Resources Inc. today announced that it has received the results of the updated Preliminary Economic Assessment from METS Engineering Group on its Haib Copper Project in Namibia. "We are thrilled with the updated PEA. By going with a heap leach treatment operation, we have [...]
Deep-South Resources Inc. announces that it has appointed Mr. Paul Smith as Chief Operating Officer and Jean-Luc Roy as Chief Expertise Officer . With the CEO, they have formed an Executive Committee that will overview development and regular business of the company. Mr. Smith and Mr. Roy are also currently Directors of Deep-South. Mr. Smith is currently a Director of Range Mining Consulting and consults to a number of [...]
Deep-South Resources Inc. announces that it has closed a private placement totaling $67,400. The private placement has been subscribed by insiders of the Company. The non-brokered private placement comprises 1,348,000 units of Deep- South, at a subscription price of $0.05 per Unit. Each Unit will consist of one common share and one common share purchase warrant of Deep- South. Each Warrant will entitle the holder thereof [...]
Deep-South Resources Inc. announces that it has appointed Mr. Paul Smith to its Board of Directors and has appointed Ms. Chantelle Collins as Chief Financial Officer . Mr. Ryan Cheung has resigned as Director and CFO. Mr. Smith is currently a Director of Range Mining Consulting and consults to a number of mining clients focusing on sub-Saharan Africa. Prior to this, he was the founding CEO, Minerals Development Company [...]
