Deep-South Resources closes $206,140 private placement


Deep-South Resources closes $206,140 private placement


Deep-South Resources Inc. has closed a non-brokered private placement for gross proceeds of up to $206,140.

The non-brokered private placement comprises 937,000 units of Deep-South at a subscription price of 22 cents per unit. Each unit consists of one common share and one common share purchase warrant of Deep-South. Each full warrant entitles 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.

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.

We seek Safe Harbor.

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Source (Stockwatch)

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