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Deep-South Resources Updates The Acquisition Of 75% Of The Inal Property Neighboring The Kinross Tasiast Gold Mine In Mauritania And Updates Its Financing
(via TheNewswire) Vancouver, B.C., Canada / TheNewswire / October 23, 2017...
About this update from Koryx Copper S.a.
[{"type":"text","content":"Deep-South Resources Updates The Acquisition Of 75% Of The Inal Property Neighboring The Kinross Tasiast Gold Mine In Mauritania And Updates Its Financing(via TheNewswire)\n \n \nVancouver, B.C., Canada / TheNewswire / October 23, 2017 - Deep-South Resources Inc. (\"Deep-South\" or \"the Company\") (TSX-V: DSM) announces that its legal and technical consultants have visited the INal project in Mauritania and have completed their due diligence. The Company is awaiting final legal and technical reports concerning the acquisition of 75% of the project. Details of the transaction have been previously disclosed in a press release dated August 23, 2017. The press release be seen on SEDAR or by clicking this link: https://www.deepsouthresources.com/investors/news-releases/deep-south-resources-intends-to-acquire-75-of-the-inal-property-neighboring-the-kinross-tasiast-gold-mine-in-mauritania/. \n\n \n \nConcurrently, the Company has obtained the authorization of the TSX Venture Exchange to extend the private placement previously announced on September 6, 2017. The private placement has been extended for 30 days and closing procedure will start shortly.\n\n\n \nThe terms of the private placement are as follows:\n\n\n \nThe Company will proceed with a non-brokered private placement for gross proceeds of up to $750,000 (\"the Offering\"). \n\n\n \nThe non-brokered private placement will comprise up to 3,409,091 units (the \"Units\") of Deep-South, at a subscription price of $0.22 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 $0.30 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 Deep-South Resources Inc.\n\n \n \nDeep-South Resources Inc. is a mineral exploration company largely held by Namibian shareholders and Teck Resources Ltd, which holds about 35% of Deep-South share capital. Deep-South is actively involved in the acquisition, exploration and development o...