Southstone Minerals Ltd V.SML

Alternate Symbol(s): FDGMF

Energy

Southstone Minerals Limited is a Canadian junior mining company. The Company holds a 43% interest in the Oena Diamond Mine (Oena), an alluvial diamond property, located in the Northern Cape Province, Republic of South Africa that consists of one New Order Mining Lease. The Oena Project is 8,800 hectares in size and covers about 4.8 kilometer (km) wide strip along a 15 km length of the lower Orange River. Oena, a producing alluvial diamond property, is located within an alluvial diamond mining province about 50 km upstream of Namdeb’s Auchas and Daberas alluvial diamond mines, located on the Namibian or north bank of the Orange River, and about 15 km and 60 km upstream of Trans Hex’s Reuning and Baken alluvial diamond mines. Its subsidiaries include TGV Resources (Pty) Ltd, African Star Minerals (Pty) Limited, and GAH Mining (Pty) Ltd.

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Southstone Minerals Ltd > Shares for debt.

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Comment by GoodOutlook2015on May 28, 2020 5:54pm

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Post# 31084991

RE:Shares for debt.

this proposal is a absolute slap in the face, the offer is the equivalent of .009375 cents per share reconsolidation (less than a penny), the recent high of .135 is 1.3 cents preconsolidation and 30% higher than .09375, at least Gallagher had some credibility paying .05 a share, the equivalent of .50 a share reconsolidation, oh wait, the was the legal minimum share price allowable by the exchange. Please vote no until a less insulting offer is presented !

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