Deep-South Resources Inc. today announced that it has received the results of the updated Preliminary Economic Assessment from METS Engineering Group on its Haib Copper Project in Namibia. Further to recent increases in the copper price to well over $3.00 per lb, Deep-South revised the Preliminary Economic Assessment on its 100% controlled Haib [...]
Deep-South Resources Inc. announces that it has Deep-South has granted an aggregate of 2,150,000 stock options of the Company. All the options have been granted to Directors and Officers of the Company. Each option entitles its holder to purchase one common share of the Company at a price of $0.17 per share for a three-year period. The options of [...]
Deep-South Resources Inc. annouces that in light of higher copper price expectations, Deep-South and METS Engineering Group have agreed to update the Preliminary Economic Assessment on its Haib Copper Project in Namibia. The PEA from METS was published on May 20, 2020 and can be viewed on SEDAR or at [...]
Deep-South Resources Inc. Announces that it has entered into an agreement with Ferrodrill Namibia Ltd in order to proceed with the drilling program on the Haib Copper project in the south of Namibia. Ferrodrill is a Namibian drilling contractor providing full drilling services since 2007 and has provided services to a large number companies from [...]
Deep-South Resources Inc. announces the appointment of Chad Williams as an independent Director. Concurrently, Paul Smith as resigned as Director and COO of the Company after accepting a senior position at a major mining company. He will be replaced as COO by Jean-Luc Roy who is already a Director of the Company. Chad Williams has an extensive [...]
Deep-South Resources Inc. announces that it has closed a second tranche of the non-brokered private placement for an amount of $1,040,000. The two tranche of the private placement have totalled $2,413,200. The second tranche of the Offering comprises 10,400,000 units of Deep-South, at a subscription price of $0.10 per Unit. Each Unit consist of one [...]
Deep-South Resources Inc. announces that its non-brokered private placement is over-subscribed and the Company will increase the Offering to $2.5 million. The Company will proceed with a second closing during the first week of October 2020. A first closing totaling $1,373,200 was announced on September 10, 2020. The total Offering will comprise up [...]
Deep-South Resources Inc. announces that it has closed a first tranche of the non-brokered private placement for an amount of $1,373,200. The Company will proceed with a second closing by the end of September 2020. The Offering comprises 13,732,000 units of Deep-South, at a subscription price of $0.10 per Unit. Each Unit will consist of one common [...]
Deep-South Resources Inc. announces that its recently announced non-brokered private placement is over-subscribed and the Company will increase the Offering to $2 million. The Company will proceed with a first closing on or about September 16, 2020. The Offering will comprise up to 20,000,000 units of Deep-South, at a subscription price of $0.10 [...]
Deep-South Resources Inc. announces that it will close $1 million on revised terms of its recently announced non-brokered private placement . The Offering is nearly fully subscribed and the Company will proceed with the closing within one week to ten days. The non-brokered private placement will close on the following revised terms: The Offering [...]
Deep-South Resources Inc. , announced today that it has received the approval of the TSX Venture Exchange for the debt repayment in shares to Teck Namibia Ltd. , a wholly owned subsidiary of Teck Resources Limited. The debt repayment transaction was originally announced on June 30, 2020. Furthermore, the parties had also agreed to amend a [...]
Deep-South Resources Inc. announces that it will proceed with a non-brokered private placement. The Company will proceed with a non-brokered private placement for gross proceeds of up to $1,000,000 . The non-brokered private placement will comprise up to 8,333,333 units of Deep-South, at a subscription price of $0.12 per Unit. Each Unit will [...]
