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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
Post by rayparon Jul 31, 2016 11:17pm
180 Views
Post# 25099848

C$3 Million Private Placement

C$3 Million Private PlacementI think we will see a news about that before the end of next week.The average share price of this funding when the warrants will be lifted will be .075 cent per share. It will enter into the coffers $ 3 million and 6 million dollars thereafter.

I hope this will be the last step before being accepted for the loan. I would be surprised that the transaction will not be completed before 29 August as the administrator have performed a lot of work for a year on this issue that who will change this mining company. Then at any time in the next few days or weeks to come there may be a Halt and those sold will have regrets.

I keep all of my shares.

IMHO GLTA

Raypar

Bullboard Posts