Haib Copper: the High Court Postpones the
HAIB COPPER: THE HIGH COURT POSTPONES THE
VERDICT TO FEBRUARY 23, 2023
VANCOUVER, BC
,
Nov. 16, 2022
/CNW/ - Deep-South Resources Inc. ("
Deep-South
" or the Company) (TSXV: DSM) announces
that the High Court of
Namibia
has postponed the verdict in the case to review the Minister's decision not to renew the Exploration
and Prospecting licence ("EPL") to
February 23, 2023
. The judge is using the limit of the three months allotted by the rules of the
High Court to render his verdict.
The judge indicated that he has read the pleadings of the parties and other documents filed with the court and that the judgement is
not ready yet.
Pierre Leveille
, President & CEO of Deep-South stated,
"With the recent events at the Ministry of Mines, the decision of the judge
to postpone the verdict is an important sign that the judge takes this case very seriously. It is important to take in consideration
that the court will be closed between
December 15, 2022
and
January 15, 2023
with the effect to extend the postponement by
one month ".
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: [email protected]
CO: Deep-South Resources Inc.
CNW 13:04e 16-NOV-22