Mr. Pierre Leveille reports
DEEP-SOUTH GRANT OPTIONS
Deep-South Resources Inc. has granted an aggregate of 750,000 stock options of the company. All the options have been granted to consultants of the company. Each option entitles its holder to purchase one common share of the company at a price of 13.5
cents per share for a three-year period. In accordance with the policy of the company, the options are vesting every six months for a period of 24 months. Options are granted in accordance with Policy 4.4 of the TSX Venture Exchange and the terms and conditions of the company's stock option plan.
About Deep-South Resources Inc.
Deep-South is a mineral exploration company largely held by Namibian shareholders and management, with 24 per cent, and Teck Resources Ltd., with 23 per cent of Deep-South's share capital.
We seek Safe Harbor.
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