VANCOUVER, BC, Jan. 4, 2023
/CNW/ - Deep-South Resources Inc. ("Deep-South" or
the "Company") (TSXV: DSM) announces that the
Company will extend the exercise period of the 15,341,944 share
purchase warrants for a further one-year term. The warrants are
exercisable at a price of $0.22 per
common share and are scheduled to expire January 20, 2023. Upon receipt of TSX Venture
Exchange acceptance of this transaction, the warrants will expire
after the close of business January 20,
2024. The share purchase warrants were originally issued
pursuant to a 30,703,072 unit private placement that closed on
January 20, 2021.
About Deep-South Resources
Inc.
Deep-South Resources is a mineral exploration and development
company Deep-South growth strategy is to focus on the exploration
and development of quality assets in significant mineralized trends
and in proximity to infrastructure in stable countries. In using
and assessing environmentally friendly technologies in the
development of its copper project, Deep-South embraces the green
revolution.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Caution Regarding Forward-Looking Information
Information contained in this news release which are not
statements of historical facts may be "forward-looking information"
for the purposes of Canadian securities laws. Such forward-looking
information involves risks, uncertainties and other factors that
could cause actual results, performance, prospects, and
opportunities to differ materially from those expressed or implied
by such forward looking information. The words "believe," "expect,"
"anticipate," "contemplate," "plan," "intends," "continue,"
"budget," "estimate," "may," "will," "schedule," "understand" and
similar expressions identify forward-looking information. These
forward-looking statements relate to, among other things: the
Minister's refusal to renew the Company's Licence, the Company's
intention to contest the Minister's decision before the Courts of
Namibia and the outcome of such
proceedings.
Forward-looking information is necessarily based upon a
number of estimates and assumptions that, while considered
reasonable by Deep-South, are inherently subject to significant
technical, political, business, economic and competitive
uncertainties, and contingencies. Known and unknown factors could
cause actual results to differ materially from those projected in
the forward-looking information. Factors and assumptions that could
cause actual results or events to differ materially from current
expectations include, among other things: political risks
associated with the Company's operations in Namibia; the failure of the Namibian
Government to comply with its continuing obligations under the Act
to allow for the renewal of the Licence; the impact of changes in,
or to the more aggressive enforcement of, laws, regulations, and
government practices; the inability of the Company and its
subsidiaries to enforce their legal rights in certain
circumstances. For additional risk factors, please see the
Company's most recently filed Management Discussions & Analysis
for its quarter ended February 28,
2021, available on SEDAR at www.sedar.com.
There can be no assurances that forward-looking information
and statements will prove to be accurate, as many factors and
future events, both known and unknown could cause actual results,
performance, or achievements to vary or differ materially from the
results, performance or achievements that are or may be expressed
or implied by such forward-looking statements contained herein or
incorporated by reference. Accordingly, all such factors should be
considered carefully when making decisions with respect to
Deep-South, and prospective investors should not place undue
reliance on forward looking information. Forward-looking
information in this news release is made as at the date hereof. The
Company assumes no obligation to update or revise forward-looking
information to reflect changes in assumptions, changes in
circumstances or any other events affecting such forward-looking
information, except as required by applicable law.
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SOURCE Deep-South Resources Inc.