Deep-South Board of Directors Will Start the Search to Replace the Late Mr. John Akwenye as Chairman. IN the Mean Time the Board Has Nominated Jean-LUC Roy as Acting Chairman
DEEP-SOUTH BOARD OF DIRECTORS WILL START THE SEARCH TO
REPLACE THE LATE MR. JOHN AKWENYE AS CHAIRMAN. IN THE MEAN
TIME THE BOARD HAS NOMINATED JEAN-LUC ROY AS ACTING
CHAIRMAN
VANCOUVER, BC
,
July 27, 2022
/CNW/ -
Deep-South Resources Inc. ("
Deep-South
" or the Company) (
TSXV
:
DSM
) announces that its Board of Directors will
start the search to find and appoint a new Chairman or Chairwoman to replace the late Mr. John
Akwenye
who passed in
May 2022
. In the mean time, the
Directors have nominated Mr.
Jean-Luc Roy
to the position of Acting Chairman of the Board.
Mr. Roy is a Director of the Board since
May 2018
. He has been a major contributor to the development of several important corporations in
Africa
during the last
30 years working for majors, mid-tiers and junior exploration companies.
Mr. Roy extensive exploration and mining company experience includes:
First Quantum Minerals Ltd: Managing Director in
Democratic Republic of Congo
;
El Nino Venture Inc: President & CEO, mainly focusing on
Democratic Republic of Congo
project acquisitions financing and management;
Ampella Mining Ltd (division of Centamin PLC): Chief Operating Officer, supervising exploration and development of the projects in
West Africa
;
Resolute Mining Ltd: General Manager, Supervising all operations in
Mali
.
Mr. Roy is presently a Director for Can Alaska Uranium (
TSX
:
CVV
) and Nine Miles Metals (
CSE
: NINE)
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 legislation.
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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 at: [email protected]
CO: Deep-South Resources Inc.
CNW 11:57e 27-JUL-22