Deep-South Resources announces $350K private placement

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By CPE News

Vancouver (pcJ News Briefs) – Deep-South Resources Inc. (TSX-V: DSM) intends to close a non-brokered private placement of up to 1,590,909 units at $0.22 per unit for gross proceeds of up to $350,000.

Each unit consists of one common share and one common share purchase warrant entitling the holder thereof to purchase one common share at an exercise price of $0.30 during a period of thirty six months from the date of closing of the placement.

Deep-South Resources Inc. is a mineral exploration company with a large Namibian shareholding, actively involved in the acquisition, exploration and development of major mineral properties in Namibia and Canada.

photo credit: Deep-South Resources