Vancouver, B.C., Canada / TheNewswire / March 13, 2019 – Deep-South Resources Inc. (“Deep- South” or “the Company“) (TSX-V: DSM) announces a correction on the number of units issued on the closing of a private placement on November 23, 2018. The press release of November 23, 2018 was mentioning the closing of a private placement totaling $165,000 for the subscription of 1,650,000 units.
The press release of November 23, 2018 should have mentioned that Deep-South has closed a private placement totaling $166,000 for 1,660,000 units (the “Units”) of Deep- South, at a subscription price of $0.10 per Unit. Each Unit 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.
About Deep-South Resources Inc.
Deep-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 of major mineral properties. Deep-South currently holds 100% of the Haib Copper project in Namibia, one of the largest copper porphyry deposits in Africa.. Deep-South’s growth strategy is to focus on the exploration and development of quality assets, in significant mineralized zones, close to infrastructure, in stable countries.
This press release contains certain “forward-looking statements,” as identified in Deep- South’s periodic filings with Canadian Securities Regulators that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
More information is available by contacting Pierre Leveille, President & CEO at
+1-819-340-0140 or at: [email protected] or Paradox Public Relations at +1-514-341-0408.
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Source: TheNewsWire (March 13, 2019 – 9:28 PM EDT)
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