Source: Deep-South Resources Inc.
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  • Deep-South Resources (DSM) has closed its non-brokered private placement for gross proceeds of $392,000
  • The offering included 7,840,000 units at a subscription price of $0.05 per unit
  • Proceeds will be used to fund further exploration of the company’s projects in Zambia and for general working capital
  • Deep-South Resources is a mineral exploration and development company
  • Deep-South Resources Inc. (DSM) opened trading at C$0.035

Deep-South Resources (DSM) has closed its non-brokered private placement for gross proceeds of $392,000.

The offering included 7,840,000 units at a subscription price of $0.05 per unit. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share for thirty-six months from the closing of the private placement.

Each security issued has a statutory four-month hold period from the date of closing of the placement.

Proceeds will be used to fund further exploration of the company’s projects in Zambia and for general working capital.

Deep-South Resources is a mineral exploration and development company focused on the exploration and development of assets in significant mineralized trends. Using environmentally friendly technologies in the development of its copper projects, Deep-South embraces the green revolution.

Deep-South Resources Inc. (DSM) opened trading at C$0.035.


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