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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
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Comment by VExGuruon Sep 14, 2016 4:32pm
90 Views
Post# 25237595

RE:RE:RE:RE:$10 Million financing deal

RE:RE:RE:RE:$10 Million financing dealCompletion of satisfactory due diligence, obtaining the usual corporate and regulatory approvals, negotiation of transaction documents, etc..

Loan commitments are meaningless.  The only thing that matters is when money has been wired.

I always look for the difference between  "financing obtained" and "financing deal in the works which might fall through" news releases.
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