The Court will hold another hearing on
The Company will provide regular updates in this regard and any other matter concerning this situation.
Corporate update
While recuperating Haib Copper mineral rights remains a top priority, Management continues to seek another copper project. Some projects have been identified and discussions with their owners are taking place. The Company will provide an update on the matter in due course. The Management is determined to develop Deep-South as a developer of important copper projects.
Notes on the Court application to review the decision of the Minister to not renew the Haib Copper licence
As disclosed in our press release dated
As a result of the Minister's refusal to renew the Licence, the Company terminated all work on site and proceeded with the retrenchment of its employees on site.
The Company is vigorously contesting the decision by all means necessary and available under the Minerals (Prospecting and Mining) Act (the 'Act') and other applicable laws of
About
Contact:
Tel: +1-819-340-0140
Email: info@deepsouthresources.com
Caution Regarding Forward-Looking Information
Information contained in this news release which are not statements of historical facts may be 'forward-looking information' for the purposes of Canadian securities laws. Such forward-looking information involves risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward looking information. The words 'believe', 'expect', 'anticipate', 'contemplate', 'plan', 'intends', 'continue', 'budget', 'estimate', 'may', 'will', 'schedule', 'understand' and similar expressions identify forward-looking information. These forward-looking statements relate to, among other things: the Minister's refusal to renew the Company's Licence, the Company's intention to contest the Minister's decision before the Courts of
Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable by Deep-South, are inherently subject to significant technical, political, business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking information. Factors and assumptions that could cause actual results or events to differ materially from current expectations include, among other things: political risks associated with the Company's operations in
There can be no assurances that forward-looking information and statements will prove to be accurate, as many factors and future events, both known and unknown could cause actual results, performance or achievements to vary or differ materially from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements contained herein or incorporated by reference. Accordingly, all such factors should be considered carefully when making decisions with respect to Deep-South, and prospective investors should not place undue reliance on forward looking information. Forward-looking information in this news release is made as at the date hereof. The Company assumes no obligation to update or revise forward-looking information to reflect changes in assumptions, changes in circumstances or any other events affecting such forward-looking information, except as required by applicable law.
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