(TheNewswire)
Vancouver, B.C., Canada – TheNewswire - April 6, 2021 –Deep-South Resources Inc. (" Deep-South " or “ the Company ") (TSXV:DSM ) , ( FWB:DSD ) , ( OTC:DSMTF) announces thatits common shares have been approved and admitted for trading on theOTCQB Venture market (“OTCQB”), under the symbol “DSMTF”. TheCompany’s primary listing remains on the TSX Venture market underthe symbol DSM and also trades on the Frankfurt Exchange under thesymbol DSD.
Pierre Leveille, President & CEOof Deep-South stated that: “ Trading on OTCQB marks an important milestone forthe Company and enables to expand our audience and shareholder base inthe American market as we continue to advance the development of ourHaib Copper project in Namibia”.
The OTCQB Venture Market is for entrepreneurial anddevelopment stage U.S. and international companies. To be eligible,Canadian companies must be current in their home market reporting andundergo an annual verification and management certification process.These standards provide a strong baseline of transparency, as well asthe technology and regulation to improve the information and tradingexperience for investors.
The Company will also apply shortly to the DepositoryTrust Company ("DTC") for DTC eligibility, which wouldgreatly simplify the process of trading the Company's common shares. DTC manages electronic clearing and settlementof publicly traded companies across the United States and in 131 othercountries.
About Deep-South ResourcesInc.
Deep-South Resources is a mineral exploration anddevelopment company. Deep-South holds 100% of the Haib Copper deposit in the south of Namibia. Haib is one of the largestundeveloped copper deposits in Africa. The recent preliminary economicassessment demonstrated that at a price of copper of $3.00 / lb, itgenerates an after-tax NPV of $950 million and an after-tax IRR of30%. At $4.00 / lb, it generates an after-tax NPV of $1,650 millionand an after-tax IRR of 42%. (See the press release here: https://www.deepsouthresources.com/investors/news-releases/deep-south-pea-update-returns-singnificantly-improved-economics/ )
Deep-South growth strategy is to focus on theexploration and development of quality assets in significantmineralized trends and close to infrastructures in stable countries.Furthermore, in using and assessing environmental friendlytechnologies in the development of its copper project, Deep-Southembraces the green revolution.
This press release contains certain"forward-looking statements," as identified in Deep-South’s periodic filings with Canadian Securities Regulators thatinvolve a number of risks and uncertainties.
There can be no assurance that suchstatements will prove to be accurate and actual results and futureevents could differ materially from those anticipated in suchstatements.
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined inthe policies of the TSXVenture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.
More information is available by contacting PierreLéveillé, President & CEO at
+1-819-340-0140 or at: info@deepsouthresources.com or
Paradox Public Relations at +1-514-341-0408.
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