Vancouver, B.C., Canada – JANUARY 23, 2017 – Deep-South Resources inc. (“Deep-South” or “the Company“) (TSX-V: DSM) announces that it has appointed Pierre Léveillé as CEO and Vivian Stuart-Williams as Vice-President Exploration. Tim Fernback has resigned as CEO but will remain as Vice-President and Director of the Board of Directors.
Mr. Léveillé has over 28 years of experience in the International financial sector including 20 years in the mining exploration industry. Mr. Léveillé has started is career as a Stock Broker and Corporate Finance advisor with a National brokerage firm. From the mid 1990’s to today, he has been Executive and Director of exploration companies active in Africa. He has financed and managed exploration projects in Namibia since 1996. Mr. Léveillé is President of Q7 Capital inc., a private company providing financial and management advisory services to public and private companies.
Mr. Stuart-Williams is a geologist with 46 years of experience in the mining and exploration industry, principally in the southern African region. He holds a M.Sc degree in uranium and he has been involved in base metals, gold, coal, and industrial mineral projects. Mr. Stuart-Williams has a worldwide exposure (including Liberia, Philippines, Afghanistan, Canada, Uzbekistan, Australia, Uganda, Mauritania and all of the Southern African countries). He has been involved with the Haib project from the mid-1990s as exploration Manager and subsequently as a Technical Director (geology) for Deep South Mining who held the Mineral Rights over the Haib Project during the recent exploration by Teck Namibia.
Mr. Tim Fernback has resigned has CEO but will remain Vice-President and Director.
The Board of Directly is highly pleased with those nominations as they will bring a wealth of experience and knowledge and will add value to the current team in place. The Board also acknowledge the work of Mr. Fernback during the company’s conversion and is pleased with his commitment and that he stays involved with the company.
Deep-South also announces that it has hired Paradox Public Relations Inc. to provide investor relations services. Paradox will focus on the development and expansion of the company’s communications with the investment community through a comprehensive investor relations program. Under the terms of the agreement, Deep-South will pay Paradox $5,000 per month for a term of 24 months and may be cancelled by either party by giving 30 days notice. The company will grant Paradox incentive options to acquire 350,000 common shares in the share capital of the company at a price of $ 0.25 per share for a period of two years, vesting quarterly over 12 months.
Deep-South Resources Inc. is a Canadian company, actively involved in the acquisition, exploration and development of major mineral properties in Namibia and Canada. Deep-South growth strategy is to focus on the exploration and development of quality assets, in significant mineralized trends, close to infrastructure, in stable countries.
This press release contains certain “forward-looking statements,” as identified in the Jet Gold’s periodic filings with Canadian Securities Regulators that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. 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.
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