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DEEP-SOUTH WILL CLOSE AN OVERSUBSCRIBED NON-BROKERED PRIVATE PLACEMENT
DEEP-SOUTH WILL CLOSE AN OVERSUBSCRIBED NON-BROKERED PRIVATE PLACEMENT Canada NewsWire ...
About this update from Koryx Copper S.a.
[{"type":"text","content":"\n \n \n \n DEEP-SOUTH WILL CLOSE AN OVERSUBSCRIBED NON-BROKERED PRIVATE PLACEMENT\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 Feb. 6, 2023\n \n \n /CNW/ - Deep-South Resources Inc. (\"\n \n Deep-South\n \n \" or the Company) (TSXV: DSM) announces that it will close a second tranche in an oversubscribed non-brokered private placement. The second tranche will be closed for an amount of\n \n $490,000\n \n .\n \n \n \n \n \n \n \n \n \n A first tranche totaling\n \n $210,000\n \n has already closed. The first tranche comprised 4,200,000 units at\n \n $0.05\n \n per unit.\n \n \n The total offering will comprise up to 14 million units at\n \n $0.05\n \n per unit for a total of up to\n \n $700,000\n \n . Each Unit will consist of one (1) common share and one half (1/2) of one common share purchase warrant (\"Warrant\").  Each whole Warrant will entitle the holder thereof to purchase one (1) common share at an exercise price of\n \n $0.10\n \n for thirty-six (36) months from the date of closing of the private placement. Each security issued has a mandatory four (4) month hold period from the date of closing of the placement.\n \n \n The Company may pay a finder's fee to eligible persons in compliance with applicable securities laws and exchange policies. This financing is subject to TSX Venture Exchange approval.\n \n \n The proceeds of the private placement  will be used for further exploration on the projects in\n \n Zambia\n \n and for general working capital.\n \n \n \n About Deep-South Resources Inc.\n \n \n \n Deep-South Resources is a mineral exploration and development company. Deep-South's growth strategy is to focus on the exploration and development of quality assets in significant mineralized trends and in proximity to infrastructure in stable countries. In using and assessing environmentally friendly technologies in the development of its copper projects, Deep-South embraces the green revolution.\n \n \n \n Neither the TSX Venture Exchange nor its Regulation Services...