Deep-South Resources Inc. announces that it has closed its non-brokered private placement for an amount of $392,000. The Offering comprised 7,840,000 Units at a subscription price of $0.05 per Unit. Each Unit consists of one common share and one half of one common share purchase warrant . Each whole Warrant will entitle the holder thereof to purchase one common share at an exercise price of $0.10 for thirty-six months [...]
Deep-South Resources Inc. announces that it will close a first tranche in a new non-brokered private placement. The first tranche will be closed for an amount of $264,000. The offering will comprise up to 15 million units at $0.05 per unit for a total of up to $750,000. Each Unit will consist of one common share and one half of one common share purchase warrant . Each whole Warrant will entitle the holder thereof to [...]
Deep-South Resources Inc. announces that its Board of Directors will start the search to find and appoint a new Chairman or Chairwoman to replace the late Mr. John Akwenye who passed in May 2022. In the mean time, the Directors have nominated Mr. Jean-Luc Roy to the position of Acting Chairman of the Board. Mr. Roy is a Director of the Board since May 2018. He has been a major contributor to the development of several [...]
Deep-South Resources Inc. announces that it has closed an option agreement entered on March 28, 2022 with World Class Minerals Venture Ltd, to acquire up to 80% undivided interest in three copper Large Scale Exploration Licences in the center of the Zambian Copper belt, one of the most prolific copper belts in the world. The Option Agreement: WCMV has granted the Company the sole and exclusive right to acquire up to a 80 [...]
Deep-South Resources Inc. reports that at the hearing held on June 30, 2022, the court ordered the following: Haib Minerals must file its heads of argument 15 days before the hearing; The Minister of Mines and the other respondents must file their heads of argument 10 days before the hearing; The indexed and paginated papers and the record must be filed by September 23, 2022; The hearing will be held on October 3 and 4 [...]
Deep-South Resources Inc. 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 [...]
Deep-South Resources Inc. reports that the legal counsels of the Company have filed the Company's response to the defense affidavit of the Ministry of Mines and Energy of Namibia on June 15, 2022. Due to the sudden death of Mr. John Akwenye, who was the named signatory of all the Company's affidavits, the Company had requested an extension to file the response affidavit by June 15, 2022. The Case Management hearing will [...]
The Board of Directors of Deep-South Resources Inc. announces that Deep-South's Chairman, John H. Akwenye has deceased suddenly over the weekend. All the Directors offers their condolences to his wife and family. The Board acknowledge his dedication as a Director of the Company. Pierre Leveille, President & CEO of Deep-South stated, "This is an important loss. Mr. Akwenye was a hard worker and highly dedicated to [...]
Deep-South Resources Inc. reports that the legal counsel of the Ministry of Mines and Energy of Namibia has finally filed its defense affidavit on May 17, 2022, twenty-six days late. At the hearing held on May 18, 2022, the judge has ordered Deep-South's attorneys to file their replying affidavit to the defense of the Ministry at the latest on June 3, 2022. The judge also ordered that a Case Management hearing will be [...]
Deep-South Resources Inc. reports that the legal counsel of the Ministry of Mines and Energy of Namibia is late to file its defense affidavit and has requested an extension of 10 days to file its affidavit. The reason invoked by the Ministry's counsel is that the Minister was out of the country since April 5, 2022 and was to return to his office only on Monday April 25, 2022. Deep-South's legal counsel indicated that they [...]
Deep-South Resources announces further to a discussion with the TSX Venture Exchange concerning the documents related to the Zambian exploration licences acquisition announced on April 7, 2022, Deep-South expect to resume trading on Tuesday April 19, 2022. Deep-South has signed a definitive earn-in agreement with World Class Mineral Ventures Ltd of Zambia to acquire up to 80% of three copper exploration licences in the [...]
Deep-South Resources Inc. announces the signature of a definitive earn-in agreement with Word Class Minerals Venture Ltd of Zambia to acquire up to 80% of three copper exploration licences in the center of the Zambian Copper belt, one of the most prolific copper belts in the world. John Akwenye, Chairman of Deep-South stated that: "While reinstating the licence over the Haib Copper project in Namibia remains our number [...]