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Southstone Minerals Ltd V.SML

Alternate Symbol(s):  FDGMF

Southstone Minerals Limited is a Canadian junior mining company. The Company is engaged in the acquisition, exploration, evaluation, development and mining of mineral properties. The Company holds a 43% interest in the Oena Diamond Mine (Oena), which is located in the Northern Cape Province, Republic of South Africa that consists of one New Order Mining Lease. Oena is a producing alluvial diamond property. Oena is approximately 8,800 hectares in size and covers a 4.8 kilometers (kms) wide strip along a 15 kms length of the lower Orange River. The property has two separate and distinctly different aged diamondiferous bearing paleochannel gravels: Proto-terraces and Meso-terraces. Its subsidiaries include TGV Resources (Pty) Ltd, African Star Minerals (Pty) Limited and GAH Mining (Pty) Ltd.


TSXV:SML - Post by User

Bullboard Posts
Comment by Edp007on Jul 19, 2016 12:25am
132 Views
Post# 25064012

RE:re private placement

RE:re private placementOf course no go on loan is possible...as a yes is imo more likely but we don't know.

If Tucker got a no ...that material change would have to be announced.

Seeing how we just got a NR stating 'update on financing"  I think the loan is a go.

Also...would investors want to invest with no likely loan..i.e no BK-11? Don't think so.

Vanderbilt also may want to see tango's ability to raise some funds on own...

Perhaps Vanderbilt taking a position in the PP as they have seen the opportunity first hand lol

Then again perhaps tango going it alone but they need a lot of money to get BK-11 going...way more than the pp

Who knows?...we guess and we wait

Bullboard Posts