Re Lame Link17 Nov 2018 15:31
trills,....it will be nice to have Deep South on aim so we can monitor their share price and access their news releases easily....was just wondering how long before we get our DSR shares...
Vancouver, B.C., Canada – June 28, 2018 – Deep-South Resources …… has signed a licence agreement with Alexander Mining to acquire a licence for the potential use of Alexander’s proprietary Leaching Technologies at the Kapili Tepe polymetallic copper project in the Sivas Province in Turkey. The Agreement is conditional on Deep-South completing the acquisition of a 75 per cent equity interest in the Kapili Tepe Project…………..
I. Alexander will receive a royalty of 2.5 per cent. of gross saleable metal products produced from a potential mining operation at the Kapili Tepe Project, if using Alexander’s Leaching Technologies.
II. Upon completion of Deep-South’s acquisition of the 75 per cent interest in the Kapili Tepe Project and approval from the TSX Venture Exchange, Deep-South shall issue 500,000 common shares to Alexander.
III. For an initial period of 24 months from the start of Deep-South formally committing to a PEA of the Kapili Tepe Project, to be renewed on a mutually acceptable rolling three months’ basis thereafter, a monthly technical consultancy services retainer fee of US$7,500, paid in advance.
Vancouver, B.C., Canada – September 19, 2018 - Deep-South has also completed its due diligence of the Project and of Quantum and will close the acquisition upon receiving the approval from the TSX Venture Exchange.
Vancouver, B.C., Canada – October 16, 2018 – Deep-South Resources Inc. ("Deep-South" or “theCompany") (TSX-V: DSM) announces that it has issued 3.5 million shares to Jeanette Gyldstoff Borg for the acquisition of 75% of RCR Quantum, a Turkish company, which holds the Kapili Tepe project comprising of one (1) mining license and two (2) exploration licenses in the Sivas Province in the North Central part of Turkey. Furthermore, Deep-South has issued 700,000 to Afrasia Mining & Energy Investment Holdings for the acquisition of all the exploration and metallurgical data of the project.
The shares will remain “in trust” until the Ministry of Energy and Natural Resources of Turkey (“Ministry”) has notified its acceptance for the transfer of the shares of Quantum. The procedure for the acceptance is well advanced.
Presumably, now been with Turkish Ministry for a month……..it said a month ago ‘the procedure for the acceptance is well advanced’……if not already done, it must be any day now surely. I would think that as soon as Turkey does their nit, the TSX will act very swiftly to approve the aquisition and then Deep South can close the deal and we will be given the 500,000 DSR shares from point II above. Suppose they will be worth 20cents a share, the value put on the warrents, but could always go significantly higher (..although sp fluctuating between 11-15 cents lst couple months), that would give us $100,000 sweetener……...not to b
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