Business
Deep-South Resources Announces Upsize of Its Previously Announced Private Placement to C$4,500,000
(TheNewswire) Vancouver, B.C., Canada - TheNewswire  ...
About this update from Koryx Copper S.a.
[{"type":"text","content":"Deep-South Resources Announces Upsize of Its Previously Announced Private Placement to C$4,500,000\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 7, 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) is pleased\nto announce that due to significant demand, it has upsized the\npreviously announced non-brokered private placement from C$2,000,000\nto C$4,500,000. Under the revised private placement, the Company will\nsell 30,000,000 units of the Company (the \"\n \n Units\n \n \") at a price of C$0.15\nper Unit (the “\n \n Offering\n \n ”).\nEach Unit will be comprised of one common share of the Company (each,\na “\n \n Common Share\n \n ”) and one\nhalf of one common share purchase warrant (a \"\n \n Warrant\n \n \"). Each full Warrant\nwill entitle the holder thereof to acquire one Common Share at a price\nof C$0.22 for a period of 24 months from the closing date of the\nOffering. Red Cloud Securities Inc. is acting as a finder in\nconnection with the Offering.  Other finders maybe added before\nclosing.\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 M...