Supreme Court of Namibia

HAIB COPPER: THE RULE OF LAW PREVAILS IN NAMIBIA. THE HIGH COURT RENDERS VERDICT IN FAVOR OF DEEP-SOUTH

Retrieved on: 
Friday, March 10, 2023

The court noted that the facts presented by Haib Minerals (Deep-South's subsidiary) should not have been ignored in the evaluation process.

Key Points: 
  • The court noted that the facts presented by Haib Minerals (Deep-South's subsidiary) should not have been ignored in the evaluation process.
  • The court also ordered the Ministry to pay the legal costs of Deep-South' subsidiary Haib Minerals.
  • The Minister and the Mining Commissioner have the right to appeal the judgement in the Supreme Court of Namibia.
  • It is also an important decision for Namibia as it shows that the rule of law prevails in Namibia.

DEEP-SOUTH EXTENDS WARRANT TERMS

Retrieved on: 
Wednesday, January 4, 2023

The warrants are exercisable at a price of $0.22 per common share and are scheduled to expire January 20, 2023.

Key Points: 
  • 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.
  • In using and assessing environmentally friendly technologies in the development of its copper project, Deep-South embraces the green revolution.

DEEP-SOUTH STARTS SOIL SAMPLING ON THE ZAMBIAN PROJECTS

Retrieved on: 
Wednesday, November 9, 2022

The team started mobilizing on Tuesday November 8 and will start the soil sampling program on the three licences.

Key Points: 
  • The team started mobilizing on Tuesday November 8 and will start the soil sampling program on the three licences.
  • The program consists of geochemical soil sampling on each licence with the aim of identify anomalies and defining drilling targets.
  • The licence is situated in the center of the Zambian Copper belt and covers 5,423.26 hectares (54.24 Sq.
  • The program consists of 820 soil samplescollected in an identical manner to the original Teal sampling program.

HAIB COPPER FINAL HEARING HELD ON OCTOBER 3, 2022

Retrieved on: 
Tuesday, October 4, 2022

The judge indicated that a written judgment is to be expected on November 18, 2022.

Key Points: 
  • The judge indicated that a written judgment is to be expected on November 18, 2022.
  • Deep-South's 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 projects, Deep-South embraces the green revolution.
  • The words "believe", "expect", "anticipate", "contemplate", "plan", "intends", "continue", "budget", "estimate", "may", "will", "schedule", "understand" and similar expressions identify forward-looking information.

DEEP-SOUTH WILL CLOSE $264,000 OF A NON-BROKERED PRIVATE PLACEMENT

Retrieved on: 
Tuesday, September 20, 2022

VANCOUVER, BC, Sept. 20, 2022 /PRNewswire/ -Deep-South Resources Inc. ("Deep-South" or the Company) (TSXV: DSM) announces that it will close a first tranche in a new non-brokered private placement.

Key Points: 
  • VANCOUVER, BC, Sept. 20, 2022 /PRNewswire/ -Deep-South Resources Inc. ("Deep-South" or the Company) (TSXV: DSM) announces that it will close a first tranche in a new non-brokered private placement.
  • 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 proceeds of the private placement will be used for further exploration on the projects in Zambia and for general working capital.

DEEP-SOUTH BOARD OF DIRECTORS WILL START THE SEARCH TO REPLACE THE LATE MR. JOHN AKWENYE AS CHAIRMAN. IN THE MEAN TIME THE BOARD HAS NOMINATED JEAN-LUC ROY AS ACTING CHAIRMAN

Retrieved on: 
Wednesday, July 27, 2022

In the mean time, the Directors have nominated Mr. Jean-Luc Roy to the position of Acting Chairman of the Board.

Key Points: 
  • In the mean time, the Directors have nominated Mr. Jean-Luc Roy to the position of Acting Chairman of the Board.
  • Mr. Roy is presently a Director for Can Alaska Uranium (TSX:CVV) and Nine Miles Metals (CSE: NINE)
    Deep-South Resources is a mineral exploration and development company.
  • The words "believe", "expect", "anticipate", "contemplate", "plan", "intends", "continue", "budget", "estimate", "may", "will", "schedule", "understand" and similar expressions identify forward-looking information.
  • Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking information.

THE COURT ORDERS THE PARTIES TO FILE THEIR CASE MANAGEMENT REPORT ON JUNE 27, 2022

Retrieved on: 
Friday, June 24, 2022

VANCOUVER, BC, June 24, 2022 /PRNewswire/ - Deep-South Resources Inc. ("Deep-South" or "the Company") (TSXV: DSM) reports that at the hearing held on June 23, 2022, the court ordered the parties to file their Case Management report by June 27, 2022.

Key Points: 
  • VANCOUVER, BC, June 24, 2022 /PRNewswire/ - Deep-South Resources Inc. ("Deep-South" or "the Company") (TSXV: DSM) reports that at the hearing held on June 23, 2022, the court ordered the parties to file their Case Management report by June 27, 2022.
  • The next Case Management hearing will be held on June 30, 2022.
  • The Case Management hearing serves to prepare the final hearing.
  • The Company will provide regular updates in this regard and any other matter concerning this situation.

DEEP-SOUTH FILES ITS RESPONSE TO THE MINISTRY OF MINES AND ENERGY OF NAMIBIA DEFENSE ON JUNE 15, 2022

Retrieved on: 
Wednesday, June 15, 2022

VANCOUVER, BC, June 15, 2022 /PRNewswire/ - Deep-South Resources Inc. ("Deep-South" or "the Company") (TSXV: DSM) reports that the legal counsels of the Company have filed the Company's response to the defense affidavit of the Ministry of Mines and Energy of Namibia ("Ministry") on June 15, 2022.

Key Points: 
  • VANCOUVER, BC, June 15, 2022 /PRNewswire/ - Deep-South Resources Inc. ("Deep-South" or "the Company") (TSXV: DSM) reports that the legal counsels of the Company have filed the Company's response to the defense affidavit of the Ministry of Mines and Energy of Namibia ("Ministry") on June 15, 2022.
  • In using and assessing environmentally friendly technologies in the development of its copper project, Deep-South embraces the green revolution.
  • The words "believe", "expect", "anticipate", "contemplate", "plan", "intends", "continue", "budget", "estimate", "may", "will", "schedule", "understand" and similar expressions identify forward-looking information.
  • Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking information.

THE MINISTRY OF MINES AND ENERGY OF NAMIBIA FINALLY FILED ITS DEFENSE ON MAY 17, 2022

Retrieved on: 
Friday, May 20, 2022

VANCOUVER, BC, May 20, 2022 /PRNewswire/ - Deep-South Resources Inc. ("Deep-South" or "the Company") (TSXV: DSM) reports that the legal counsel of the Ministry of Mines and Energy of Namibia ("Ministry") has finally filed its defense affidavit on May 17, 2022, twenty-six days late.

Key Points: 
  • VANCOUVER, BC, May 20, 2022 /PRNewswire/ - Deep-South Resources Inc. ("Deep-South" or "the Company") (TSXV: DSM) reports that the legal counsel of the Ministry of Mines and Energy of Namibia ("Ministry") has finally filed its defense affidavit on May 17, 2022, twenty-six days late.
  • At the hearing held on May 18, 2022, the judge has ordered Deep-South's attorneys to file their replying affidavit to the defense of the Ministry at the latest on June 3, 2022.
  • The judge also ordered that a Case Management hearing will be held on June 23, 2022.
  • For additional risk factors, please see the Company's most recently filed Management Discussions & Analysis available on SEDAR at www.sedar.com .

THE MINISTRY OF MINES AND ENERGY OF NAMIBIA LATE TO FILE ITS DEFENSE AND SHALL FILE AT THE LATEST ON APRIL 29, 2022

Retrieved on: 
Wednesday, April 27, 2022

Deep-South's legal counsel indicated that they would be amenable to an extension until April 29, 2022.

Key Points: 
  • Deep-South's legal counsel indicated that they would be amenable to an extension until April 29, 2022.
  • Therefore, it is expected that the Ministry will file its defense on April 29, 2022 or at the latest on May 3, 2022.
  • In terms of the current applicable court order Deep-South will have until May 13, 2022 to file its reply to the defense of the Ministry.
  • The judge has also drawn the attention of the parties to the Part 6 of the Rules of High Court.