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Deep-South Resources Appoints Ukwazi of South Africa to Prepare a Ni 43-101 Technical Report
(via TheNewswire) Vancouver, B.C., Canada / TheNewswire / October 30, ...
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[{"type":"text","content":"Deep-South Resources Appoints Ukwazi of South Africa to Prepare a Ni 43-101 Technical Report(via TheNewswire)\n \n \nVancouver, B.C., Canada / TheNewswire / October 30, 2018 - Deep-South Resources Inc. (\"Deep-South\" or \"the Company\") (TSX-V: DSM) announces that it has appointed Ukwazi Mining Studies (Pty) Ltd (\"Ukwazi\") of South Africa with the mandate to prepare a technical qualification report compliant with NI 43-101 for the Kapili Tepe project in Turkey. The report will cover all the exploration programs and results previously carried out on the Licenses, will plan and recommend exploration work programs and budgets and will serve as a base for the future resource estimation in compliance with NI 43-101.\n\n \n \nUkwazi is a specialized mining and exploration services consultant group. They cover various sectors of the mining industry such as mining engineering, mine planning, project management as well as exploration planning and budgeting and independent resources and reserves estimations. Ukwazi covers all Africa as well as Asia, Europe and specifically Turkey. Since its creation in 2004, Ukwazi has worked for many major mining companies and exploration companies. For more information about Ukwazi, please visit: www/ukwazi.com.\n\n \n \nPierre Leveille President & CEO of Deep-South as commented: \"We are glad to have Ukwazi on board. Their vast diversified expertise and their knowledge of Turkey will be highly beneficial to Deep-South.\"\n\n \n \nPrivate Placement\n\n \n \nThe Company will proceed with a non-brokered private placement for gross proceeds of up to $600,000 (\"the Offering\"). \n\n \n \nThe non-brokered private placement will comprise up to 5,000,000 units (the \"Units\") of Deep-South, at a subscription price of $0.12 per Unit. Each Unit will consist of one (1) common share and one half (1/2) of one common share purchase warrant (\"Warrant\") of Deep-South. Each full Warrant will entitle the holder thereof to purchase one (1) Deep-South common share at an exercise price of $0.20 during a period of thirty-six (36) months from the date of closing of the placement. Each security issued pursuant to the placement has a mandatory four (4) months holding period from the date of closing of the placement. \n\n \n \nThe private placement is subject to the approval of the TSX Venture Exchange.\n\n \n \nAbout...