Deep-South Resources TSX.V: DSM
Suite 888, 700 West Georgia, V7Y 1G5 Vancouver, BC, Canada
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General Information
Locality: Vancouver, British Columbia
Address: Suite 888, 700 West Georgia, V7Y 1G5 Vancouver, BC, Canada
Website: www.deepsouthresources.com/
Likes: 20351
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Here is a visual representation of Haib's drilling history. 166 drill holes add up to 66,000 metres of drilling done by Rio Tinto, Falconbridge, Namibian Copper and Teck before Deep-South took control of the project. https://bit.ly/2JiOTml #DSM
Namibia is a Tier 1 jurisdiction for mining. The Haib Copper deposit has outstanding location, with accessibility to major infrastructure and the South African border. Learn more about this project here: https://bit.ly/37669Cv #DSM #copper
For a commodity like #copper, the fundamental force of supply and demand dictates its price. Find out why China's increased demand and volatility in the market could lead to a dramatic rise in the copper price: https://bit.ly/3l5nxxl #DSM #copper
In case you missed it: last week, #DSM completed the 2nd tranche of a $2.4 million financing to further exploration and development of our Haib #Copper project in #Namibia. Make sure to subscribe to our emails to stay up-to-date on future news! https://bit.ly/2JiOTml #ICYMI
Did you know? The Haib Copper Deposit, the site of our Haib Copper Project, is home to over 5B lbs of copper according to a 43-101 indicated and inferred resource. Read more about the mineral-rich history of our project site: https://bit.ly/2JiOTml #DSM
We are very happy to have closed this offering with a strong demand. We have already started to plan the coming infill #drilling program and we are confident it will bring strong added value for our shareholders. We will communicate the complete program to our shareholders upon completion of the planning.
Did you know? The Haib #Copper deposit is one of the oldest porphyry deposits in the world and one of the largest in Africa. View our most recent corporate presentation to learn more about our land package in this historically fruitful region for #mining: https://bit.ly/2JiOTml #DSM
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. Mining Forum of South Africa
The Company will proceed with a second closing by the end of September 2020.
Deep-South Resources will close $1 million on revised terms of its recently announced non-brokered private placement.
The Settlement Shares issued on closing, together with the 18,226,667 common shares currently held by Teck, will result in Teck holding approximately 26.9% of Deep-South’s outstanding shares on an undiluted basis, or 29.7% on a partially-diluted basis assuming the conversion of the principal amount of the convertible debt held by Teck.
With #copper prices on the up, Deep-South Resources has the potential to time its entry nicely, and investors will be hoping the management team has the skills to progress the copper project in an accelerated time frame. CRUX Investor
The funds will be used to further #exploration and development of the Haib #Copper project in #Namibia and for general working capital.
Did you register yet? Our summit, hosted by @6ixdotcom starts at 12pm EST sharp tomorrow. Don't miss your chance to learn more about our latest projects and ask your burning questions directly to our President. Register: https://bit.ly/3huksFt #DSM #Investment
Our President & CEO, Pierre Léveillé is an equity financing specialist with a deep experience in project management, marketing and communications and corporate development. With over 22yrs in mining exploration, you won't want to miss his presentation on July 30 at our #Investor Summit: https://bit.ly/3huksFt #DSM
We are hosting an #Investor Summit on July 30 @6ixdotcom. This is a rare opportunity to participate in the development of a tier 1 project in Namibia, one of Africa's most prospective and secure mining jurisdictions. Register now: https://bit.ly/3huksFt #DSM $DSM
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