Deep-South Appoints KING & Spalding as International Legal Counsel
DEEP-SOUTH APPOINTS KING & SPALDING AS
INTERNATIONAL LEGAL COUNSEL
VANCOUVER, BC
,
April 6, 2022
/CNW/ - Deep-South Resources Inc. ("
Deep-South
") (TSXV: DSM) and its affiliate Koryx
Copper BV (together, the "
Companies
") announce the appointment of King & Spalding LLP as international legal counsel. The
mandate of King & Spalding is to review the Companies' options under international law in relation to the Namibian
government's handling of the Haib Copper Exploration and Prospecting License and the government's refusal to renew the
License.
King & Spalding is an international law firm with 1,200 lawyers in 22 countries. The firm specializes in international dispute
resolution. King & Spalding's international arbitration practice is consistently ranked among the top arbitration practices in the
world. In 2022, the firm's practice is again ranked number one in Global Arbitration Review's "GAR 30" guide to the world's
leading international arbitration practices. Global Arbitration Review has praised King & Spalding's track record in obtaining
strong results for its clients. Further information is available on:
https://www.kslaw.com
About Deep-South Resources Inc
Deep-South Resources is a mineral exploration and development company. Deep-South's growth strategy is to focus on the
exploration and development of quality assets in significant mineralized trends and in proximity to infrastructure in stable
countries. In using and assessing environmentally friendly technologies in the development of its copper project, Deep-South
embraces the green revolution.
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.
Caution Regarding Forward-Looking Information
Information contained in this news release which are not statements of historical facts may be "forward-looking information"
for the purposes of Canadian securities laws. Such forward-looking information involves risks, uncertainties and other
factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed
or implied by such forward looking information. The words "believe", "expect", "anticipate", "contemplate", "plan", "intends",
"continue", "budget", "estimate", "may", "will", "schedule", "understand" and similar expressions identify forward-looking
information. These forward-looking statements relate to, among other things: the Minister's refusal to renew the Company's
Licence, the Company's intention to contest the Minister's decision before the Courts of
Namibia
and the outcome of such
proceedings.
Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered
reasonable by Deep-South, are inherently subject to significant technical, political, business, economic and competitive
uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those
projected in the forward-looking information. Factors and assumptions that could cause actual results or events to differ
materially from current expectations include, among other things: political risks associated with the Company's operations in
Namibia
; the failure of the Namibian Government to comply with its continuing obligations under the Act to allow for the
renewal of the Licence; the impact of changes in, or to the more aggressive enforcement of, laws, regulations and
government practices; the inability of the Company and its subsidiaries to enforce their legal rights in certain circumstances.
For additional risk factors, please see the Company's most recently filed Management Discussions & Analysis available on
SEDAR at
www.sedar.com
.
There can be no assurances that forward-looking information and statements will prove to be accurate, as many factors and
future events, both known and unknown could cause actual results, performance or achievements to vary or differ materially
from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements
contained herein or incorporated by reference. Accordingly, all such factors should be considered carefully when making
decisions with respect to Deep-South, and prospective investors should not place undue reliance on forward looking
information. Forward-looking information in this news release is made as at the date hereof. The Company assumes no
obligation to update or revise forward-looking information to reflect changes in assumptions, changes in circumstances or
any other events affecting such forward-looking information, except as required by applicable law.
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SOURCE
Deep-South Resources Inc.
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%SEDAR: 00005247E
For further information:
More information is available by contacting Pierre Léveillé, President & CEO at +1-819-340-0140 or
CO: Deep-South Resources Inc.
CNW 07:50e 06-APR-22