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DEEP-SOUTH EXPECT TO RESUME TRADING ON TUESDAY APRIL 19, 2022
DEEP-SOUTH EXPECT TO RESUME TRADING ON TUESDAY APRIL 19, 2022 Canada NewsWire ...
About this update from Koryx Copper S.a.
[{"type":"text","content":"\n \n \n \n DEEP-SOUTH EXPECT TO RESUME TRADING ON TUESDAY APRIL 19, 2022\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n April 14, 2022\n \n \n /CNW/ - Deep-South Resources Inc. (\"\n \n Deep-South\n \n \" or the Company) (TSXV: DSM) announces further to a discussion with the TSX Venture Exchange concerning the documents related to the Zambian exploration licences acquisition announced on\n \n April 7, 2022\n \n , Deep-South expect to resume trading on\n \n Tuesday April 19, 2022\n \n .\n \n \n Deep-South has signed a definitive earn-in agreement with World Class Mineral Ventures Ltd (\"WCMV\") of\n \n Zambia\n \n to acquire up to 80% of three copper exploration licences in the center of the Zambian Copper belt, one of the most prolific copper belt\n \n s\n \n in the world.\n \n \n \n The agreement:\n \n \n \n Deep-South holds the option to acquire up to 80% of the Large Scale Exploration Licences  LEL 23246, LEL 23247 and LEL 23248 held by WCMV in\n \n Zambia\n \n .\n \n \n The terms are as follows:\n \n \n \n Data Acquisition:\n \n \n \n \n Deep-South has paid to WCMV, US\n \n $ 15,000\n \n on signature of the agreement and will pay an additional US\n \n $ 15,000\n \n on approval of the transaction by the TSX Venture Exchange (\"TSX-V\"). Deep-South will also issue 500,000 of its common shares to WCMV upon approval by the TSX-V.\n \n \n On the second anniversary of the agreement, Deep-South will pay\n \n US$ 30,000\n \n and issue 250,000 of its common shares to WCMV.\n \n \n Before the end of the second anniversary of the agreement, Deep-South will also complete the collection and analysis of 100 soil samples over the identified anomalies on Licence LEL 23246 and 350 soil samples over the identified targets on each of Licences LEL 23247 and LEL 23248. Deep-South will then decide whether to proceed with more intensive sampling or to evaluate any drilling targets.\n \n \n Upon completion of the above, Deep-South will have acquired an undivided interest in 51% of the licences.\n \n \n In...