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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 GoodOutlook2015on May 28, 2020 5:54pm
219 Views
Post# 31084991

RE:Shares for debt.

RE:Shares for debt.
this proposal is a absolute slap in the face, the offer is the equivalent of .009375 cents per share reconsolidation (less than a penny), the recent high of .135 is 1.3 cents preconsolidation and 30% higher than .09375, at least Gallagher had some credibility paying .05 a share, the equivalent of .50 a share reconsolidation, oh wait, the was the legal minimum share price allowable by the exchange. Please vote no until a less insulting offer is presented !
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