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Southstone Minerals Ltd V.SML

Alternate Symbol(s):  FDGMF

Energy
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

Southstone Minerals Ltd
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Post by rayparon Aug 22, 2016 11:13am
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Post# 25163889

C$3 Million Private Placement

C$3 Million Private PlacementI suppose TGV make a news release soon about closing the private placement because it is a bargain for the buyer at the price share like today and must be exercise all the warrant faster for another C$6 million.

I'm curious if they receive the first payment USD 1 million for the sale of OENA diamond mine.

I hope a couple of news this week and wait patiently the big news about loan and finalyse the acquisition of the BK11 diamond mine.

GLTA

Raypar
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities