VANCOUVER - Deep-South Resources Inc. ('Deep-South' or 'the Company') (TSXV: DSM) announces that it has received Depository Trust & Clearing Corporation ('DTC') eligibility, making the Company's securities more accessible to US investors.
The DTC is the largest securities depository in the world and facilitates electronic settlement of stock certificate transfers in the United States. The shares of the Company, trading under the symbol 'DSMTF' and Cusip # 24378W103 in the United States, are now eligible to be electronically cleared and settled through the DTC and is therefore considered 'DTC eligible'. This electronic method of clearing securities accelerates the settlement process for investors and brokers.
'We are very pleased that the Company is now DTC eligible, providing US investors further opportunities to participate in Deep-South's growth,' said Pierre Leveille, CEO of Deep-South. 'Deep-South's stock is now traded in Canada, Germany, and the United States. We are well positioned in both domestic and international markets to grow our global investor base.'
About Deep-South Resources Inc
Deep-South Resources is a mineral exploration and development company Deep-South growth strategy is to focus on the exploration and development of quality assets in significant mineralized trends and in proximity to infrastructure in stable countries. In using and assessing environmentally friendly technologies in the development of its copper projects, Deep-South embraces the green revolution.
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 Namibia and the outcome of such proceedings.
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 Namibia; the failure of the Namibian Government to comply with its continuing obligations under the Act to allow for the renewal of the Licence; the impact of changes in, or to the more aggressive enforcement of, laws, regulations and government practices; the inability of the Company and its subsidiaries to enforce their legal rights in certain circumstances.
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.