Haib Copper Final Hearing Held ON
HAIB COPPER FINAL HEARING HELD ON
OCTOBER 3, 2022
VANCOUVER, BC
,
Oct. 4, 2022
/CNW/ - Deep-South Resources Inc. ("
Deep-South
" or the Company)
(TSXV: DSM) announces that the High Court of
Namibia
hearing of the review of the Minister's decision not to
renew the Exploration and Prospecting licence ("EPL") was held on
October 3
, 2022.
The judge indicated that a written judgment is to be expected on
November 18, 2022
.
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 projects, 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:
Pierre Léveillé, President & CEO at +1-819-340-0140 or at:
CO: Deep-South Resources Inc.
CNW 08:00e 04-OCT-22