The Court Orders the Parties to File Their Case
THE COURT ORDERS THE PARTIES TO FILE THEIR CASE
MANAGEMENT REPORT ON JUNE 27, 2022
VANCOUVER, BC
,
June 24
, 2022
/CNW/ - Deep-South Resources Inc. ("Deep-South" or "the Company") (TSXV: DSM) reports that at the
hearing held on
June 23, 2022
, the court ordered the parties to file their Case Management report by
June 27, 2022
.
The next Case Management hearing will be held on
June 30, 2022
.
The Case Management hearing serves to prepare the final hearing. Several aspects can be discussed at the Case Management hearing such
as the number of days required for the final hearing, any issues that are likely to facilitate a just and speedy resolution of the case or potential
settlement prospects.
The Company will provide regular updates in this regard and any other matter concerning this situation.
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 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 at:
CO: Deep-South Resources Inc.
CNW 08:45e 24-JUN-22