TSXV:KRY - Post Discussion
Post by
Yepnewpapy on Sep 20, 2022 8:49am
New PR
https://www.deepsouthresources.com/investors/news-releases/deep-south-will-close-264000-of-a-non-brokered-private-placement/
Deep-South will close $264,000 of a non-brokered private placement
Vancouver, B.C., Canada – September 20, 2022 – Deep-South Resources Inc. ("Deep-South" or the Company) (TSX-V: DSM) announces that it will close a first tranche in a new non-brokered private placement. The first tranche will be closed for an amount of $264,000.
The offering will comprise up to 15 million units at $0.05 per unit for a total of up to $750,000. Each Unit will consist of one (1) common share and one half (1/2) of one common share purchase warrant (“Warrant”). Each whole Warrant will entitle the holder thereof to purchase one (1) common share at an exercise price of $0.10 for thirty-six (36) months from the date of closing of the private placement. Each security issued has a mandatory four (4) month hold period from the date of closing of the placement.
The Company may pay a finder’s fee to eligible persons in compliance with applicable securities laws and exchange policies. This financing is subject to TSX Venture Exchange approval.
The proceeds of the private placement will be used for further exploration on the projects in Zambia and for general working capital
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