23:49:07 EDT Sun 05 May 2024
Enter Symbol
or Name
USA
CA



Deep-South Resources Inc
Symbol DSM
Shares Issued 169,374,700
Close 2023-09-26 C$ 0.06
Market Cap C$ 10,162,482
Recent Sedar Documents

Deep-South 31,826,596-share private placement

2023-09-26 17:55 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Aug. 24, 2023.

Number of shares:  31,826,596 shares

Purchase price:  6.5 cents per share

Warrants:  15,913,298 share purchase warrants to purchase 15,913,298 shares

Warrant exercise price:  10 cents for a two-year period

Number of placees:  27 placees

Total pro group involvement:  3,517,796 (four pro groups)

Finder's fee:  $123,206.79 cash and 1,895,310 warrants

Finder's warrant terms:  Each warrant entitles the holder to purchase one common share at the price of 6.5 cents for period of two years from the date of issuance.

The company issued news releases on Sept. 6, 2023, and Sept. 26, 2023, confirming the closing of the private placement. Note that in certain circumstances the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.

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