Deep-South Extends Warrant Terms
Deep-South Extends Warrant Terms
VANCOUVER, BC
,
Oct. 22, 2021
/CNW/ - Deep-South Resources Inc. ("
Deep-South
" or
the
"
Company
") (TSXV: DSM) announces that it will extend the exercise period of the first tranche
of 800,000 share purchase warrants for a further two years term and the second tranche of
2,731,500 share purchase warrants for a further two years term. The warrants which are
exercisable at a price of
$0.20
per common share, were scheduled to expire for the first tranche
November 22, 2021
and for the second tranche
March 5
, 2022. Upon receipt of TSX Venture
Exchange acceptance of this transaction, the warrants will expire after the close of business for the
first tranche on
November 22, 2023
and the second tranche
March 5, 2024
. The share purchase
warrants were originally issued pursuant to a 7,125,000 units private placement, which closed on
November 22, 2018
and
March 5, 2019
.
About Deep-South Resources Inc.
Deep-South Resources is a mineral exploration and development company Deep-South 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 for its quarter ended ended
February 28, 2021
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.
View original content:
https://www.prnewswire.com/news-releases/deep-south-extends-warrant-terms-301406895.html
SOURCE
Deep-South Resources Inc.
View original content:
http://www.newswire.ca/en/releases/archive/October2021/22/c7540.html
%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 15:40e 22-OCT-21