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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

Comment by hempsteron Oct 22, 2019 5:01am
106 Views
Post# 30253888

RE:Consultation / Name Change

RE:Consultation / Name ChangeOwnership percentages will only remain the same as long as Tango does not start to raise new capital through PPs etc. Once they do this, existing shareholders will be screwed unless they also choose to increase their position.

Let's see what this brings, I admit I do have very mixed feelings about this.
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