Business
Deep-South's Shares Approved for Trading on OTCQB Market in the U.S.A.
(TheNewswire) Vancouver, B.C., Canada – TheNewswire - ...
About this update from Koryx Copper S.a.
[{"type":"text","content":"Deep-South's Shares Approved for Trading on OTCQB Market in the U.S.A.\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 April 6, 2021\n \n \n –\nDeep-South Resources Inc. (\"\n \n \n Deep-South\n \n \n \" or “\n \n \n the\n \n \n Company\n \n \n \") (TSXV:DSM\n \n \n )\n \n \n ,\n \n \n (\n \n \n FWB:DSD\n \n \n )\n \n \n ,\n \n \n (\n \n \n OTC:DSMTF) announces that\nits common shares have been approved and admitted for trading on the\nOTCQB Venture Market (“OTCQB”), under the symbol “DSMTF”. The\nCompany’s primary listing remains on the TSX Venture market under\nthe symbol DSM and also trades on the Frankfurt Exchange under the\nsymbol DSD.\n \n \n \n \n Pierre Leveille, President & CEO\nof Deep-South stated that: “\n \n \n Trading on OTCQB marks an important milestone for\nthe Company and enables to expand our audience and shareholder base in\nthe American market as we continue to advance the development of our\nHaib Copper project in Namibia”.\n \n \n \n \n The OTCQB Venture Market is for entrepreneurial and\ndevelopment stage U.S. and international companies. To be eligible,\nCanadian companies must be current in their home market reporting and\nundergo an annual verification and management certification process.\nThese standards provide a strong baseline of transparency, as well as\nthe technology and regulation to improve the information and trading\nexperience for investors.\n \n \n \n \n The Company will also apply shortly to the Depository\nTrust Company (\"DTC\") for DTC eligibility, which would\ngreatly simplify the process of trading the Company's common shares.\n \n \n DTC manages electronic clearing and settlement\nof publicly traded companies across the United States and in 131 other\ncountries.\n \n \n \n \n About Deep-South Resources\nInc.\n \n \n \n \n Deep-South Resources is a mineral exploration and\ndevelopment company. Deep-South holds 100% of the\n \n \n \n Haib Copper deposit\n \n \n \n in the south of Namibia. Haib is one of the largest\nundeveloped copper deposits in Africa. The recent preliminary economic\nassessment demonstrated that at a price of copper of $3.00 / lb, it\ngenerates an after-tax NPV of $950 million and an after-tax IRR of\n30%. At...