Deep-South arranges $350,000 private placement



Deep-South arranges $350,000 private placement


Momentum Public Relations
Press Release: April 13, 2017

Deep-South Resources Inc. will proceed with a non-brokered private placement for gross proceeds of up to $350,000.

The non-brokered private placement will comprise up to 1,590,909 units of Deep-South at a subscription price of 22 cents per unit. Each unit will consist of one common share and one common share purchase warrant of Deep-South. Each full warrant will entitle the holder thereof to purchase one Deep-South common share at an exercise price of 30 cents during a period of 36 months from the date of closing of the placement. Each security issued pursuant to the placement has a mandatory four-month holding period from the date of closing of the placement.

The private placement is subject to the approval of the TSX Venture Exchange.

About Deep-South Resources Inc.

Deep-South Resources is a mineral exploration company with a large Namibian shareholding, actively involved in the acquisition, exploration and development of major mineral properties in Namibia and Canada. Deep-South’s growth strategy is to focus on the exploration and development of quality assets, in significant mineralized trends, close to infrastructure, in stable countries.

We seek Safe Harbor.

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Source (Stockwatch)

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