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Copper|Exploration|PROJECT|Resources
Copper|Exploration|PROJECT|Resources
copper|exploration|project|resources

Deep-South increases placement offering to $2.5m

30th September 2020

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

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TSX-listed Deep-South Resources’ nonbrokered private placement is oversubscribed and the company will, therefore, increase the offering to $2.5-million.

The company will proceed with a second closing during the first week of October.

A first closing totalling $1.37-million was announced on September 10.

The total offering will comprise up to 25-million units of Deep-South.

The funds will be used for further exploration and development of the Haib Copper project in Namibia and for general working capital.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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