Business
Deep-South Resources Announces Private Placement of up to C$2,000,000
(TheNewswire) Vancouver, B.C., Canada – TheNewswire - ...
About this update from Koryx Copper S.a.
[{"type":"text","content":"Deep-South Resources Announces Private Placement of up to C$2,000,000\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, B.C., Canada –\n \n \n TheNewswire -\n \n \n January 6, 2021 –\n \n \n Deep-South Resources Inc.\n \n (“\n \n Deep-South\n \n ” or the \"\n \n Company\n \n \") (TSXV:DSM) announces\na non-brokered private placement of up to 13,333,333 units of the\nCompany (the \"\n \n Units\n \n \") to be sold at a price of C$0.15 per Unit for\ngross proceeds of up to C$2,000,000 (the “\n \n Offering\n \n ”). Each Unit will be\ncomprised of one common share of the Company (each, a “\n \n Common Share\n \n ”) and one half of one\ncommon share purchase warrant (a \"\n \n Warrant\n \n \"). Each full Warrant will entitle the holder\nthereof to acquire one Common Share at a price of C$0.22 for a period\nof 24 months from the closing date of the Offering. Red Cloud\nSecurities Inc. will be acting as a finder in connection with the\nOffering.\n \n \n The net proceeds from the Offering will be used to further explore and\nadvance the Haib Copper project in Namibia and for general working\ncapital purposes. The closing of the Offering is subject to receipt of\nall necessary regulatory approvals. The Common Shares and any Common\nShares issuable upon the exercise of the Warrants and applicable\nfinder’s warrants issued with respect to the Offering will be\nsubject to a hold period of four months and one day from the closing\ndate of the Offering in accordance with applicable securities laws.\n \n \n This news release does not constitute an offer of securities for sale\nin the United States. The securities being offered have not been, nor\nwill they be, registered under the United States\n \n Securities Act of 1933\n \n , as amended,\nand such securities may not be offered or sold within the United\nStates absent U.S. registration or an applicable exemption from U.S.\nregistration requirements.\n \n \n \n About Deep-South Resources\nInc.\n \n \n \n \n Deep-South Resources Inc. is a mineral exploration\ncompany largely held by Namibian shareholders and Management with 19%\nand Teck Resources Ltd with 21% of Deep-South share capital.\n \n \n \n \n Deep-South currently holds 100% of the Haib Copper\nproject in Namibia, one of the largest coppe...