Deep-South has raised $2,413,200 after closing a second tranche for $1,040,000 of its private placement
Vancouver, B.C., Canada – October 19, 2020 – Deep-South Resources Inc. (“Deep-South” or the “Company“) (TSX-V: DSM) announces that it has closed a second tranche of the non-brokered private placement (“the Offering”) for an amount of $1,040,000. The two tranche of the private placement have totalled $2,413,200. The second tranche of the Offering comprises 10,400,000 […]
Deep-South private placement over-subscribed and increases the offering to $2.5 million
Vancouver, B.C., Canada – September 30, 2020 – Deep-South Resources Inc. (“Deep-South” or the “Company“) (TSX-V: DSM) announces that its non-brokered private placement (“the Offering”) is over-subscribed and the Company will increase the Offering to $2.5 million. The Company will proceed with a second closing during the first week of October 2020. A first closing […]
Deep-South closed a first tranche for $1,373,200 of its private placement
Vancouver, B.C., Canada – September 18, 2020 – Deep-South Resources Inc. (“Deep-South” or the “Company“) (TSX-V: DSM) announces that it has closed a first tranche of the non-brokered private placement (“the Offering”) for an amount of $1,373,200. The Company will proceed with a second closing by the end of September 2020. The Offering comprises 13,732,000 […]
Deep-South private placement over-subscribed and increases the offering to $2 million
Vancouver, B.C., Canada – September 10, 2020 – Deep-South Resources Inc. (“Deep-South” or the “Company“) (TSX-V: DSM) announces that its recently announced non-brokered private placement (“the Offering”) is over-subscribed and the Company will increase the Offering to $2 million. The Company will proceed with a first closing on or about September 16, 2020. The Offering […]
Deep-South will close $1 million on revised terms of its non-brokered private placement
Vancouver, B.C., Canada – September 4, 2020 – Deep-South Resources Inc. (“Deep-South” or the “Company“) (TSX-V: DSM) announces that it will close $1 million on revised terms of its recently announced non-brokered private placement (“the Offering”). The Offering is nearly fully subscribed and the Company will proceed with the closing within one week to ten […]
Deep-South receives Stock Exchange Approval and amends the agreement announced on June 30, 2020
Vancouver, B.C., Canada – August 17, 2020 – Deep-South Resources Inc. (“Deep-South” or “the Company“) (TSX-V: DSM, FRA: DSD) announced today that it has received the approval of the TSX Venture Exchange (“TSX-V”) for the debt repayment in shares to Teck Namibia Ltd. (“Teck”) (see details below), a wholly owned subsidiary of Teck Resources Limited. […]
Deep-South Resources announces a non-brokered private placement
Vancouver, B.C., Canada – August 5, 2020 – Deep-South Resources Inc. (“Deep-South” or the “Company“) (TSX-V: DSM) announces that it will proceed with a non-brokered private placement. The Company will proceed with a non-brokered private placement for gross proceeds of up to $1,000,000 (“the Offering”). The non-brokered private placement will comprise up to 8,333,333 units […]
Deep-South amends agreement to acquire outstanding interest in the Haib Copper deposit in Namibia
Vancouver, B.C., Canada – June 30, 2020 – Deep-South Resources Inc. (“Deep-South” or “the Company“) (TSX-V: DSM, FRA: DSD) announced today that Teck Namibia Ltd. (“Teck”), a wholly owned subsidiary of Teck Resources Limited, and Deep-South have agreed to amend the sale agreement (the “Sale Agreement”) dated February 14, 2017 whereby Deep-South acquired Teck’s interest […]
Deep-South confirms SEDAR filing of its updated Preliminary Economic Assessment report on Haib Copper in Namibia.
Vancouver, B.C., Canada – May 28, 2020 – Deep-South Resources Inc. (“Deep- South” or “the Company“) (TSX-V: DSM, FRA: DSD) announced today that the Preliminary Economic Assessment report (PEA) on the Haib Copper project in Namibia has been filed on SEDAR. The report is accessible at www.sedar.com and on the Deep-South website. About Deep-South Resources […]
Deep-South’s PEA shows robust economics – Pre-Tax NPV us$ 977 million; IRR 30.1% at $2.50 per lb of Copper
The deposit showed to be amenable to Bio-heap leaching; Throughput of 20 Mtpa Copper recovery of 80% Production of 35,332 tpa copper cathodes and 51,080 tpa copper sulfate; Copper price US $ 2.50 per lb: after-tax NPV US $ 611 million; IRR: 22.7%; Low Capex at US $341 million; Low-strip ratio at 1.41:1 Pre-tax payback: […]
