Southstone Minerals Ltd V.SML

Alternate Symbol(s): FDGMF

Metals & Mining Industrial Metals & Minerals

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

Bullboard Posts

Comment by VExGuruon Sep 14, 2016 4:15pm

111 Views

Post# 25237516

RE:$10 Million financing deal

They did not announce the completion of the $10 million financing, only that they were attempting to close a $10 million loan.

Similarly, they have not announced the completion of the private placement, only that they are offering units in a private placement.

Bullboard Posts

Eminent acquires promising Nevada gold project