VANCOUVER, BC, Feb. 25,
2022 /CNW/ - Deep-South Resources Inc.
("Deep-South" or "the Company") (TSXV: DSM)
announces the voting results from the Company's annual general
meeting ("AGM") held on February 25,
2022.
A total of 37,223,708 common shares were represented at the
AGM, representing 25.44% of the votes attached to all outstanding
common shares as at the record date. All of the matters submitted
to the shareholders for approval as set out in the company's notice
of meeting and information circular; both dated January 12, 2022 were approved by 99.97% of the
votes cast at the AGM.
The following Directors elected are John H Akwenye, Pierre
Léveillé, Jean-Luc Roy, Ally Angula, Tim
Fernback, Thomas Tumoscheit and Pierre Matte.
Mr. Chad Williams did not renew
his Directorship for personal and business reasons. The Board of
Directors would like to acknowledge his dedication and support
during the past year. We wish him good luck with his future
endeavors.
Mr. Pierre Matte has been
appointed a Director of the Company for the first time. Mr. Matte
has over 20 years experience in the mining industry. The majority
of Mr. Matte's experience has been in Africa. He has been Director of Finance and
Administration for Etruscan in Niger, for the Kenor Group in Guinea and for Anglogold in Mali. He has been General manager and Country
Manager for Nevsun Resources and Avion
Gold on the Tabakoto mine in Mali. He has been General manager for Roxgold
in Burkina Faso. His experience
includes exploration and development programs management, mines
construction and mines operations. Mr. Matte holds a Bachelor's
degree in accounting sciences from "Université du Québec",
Montreal
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 project, Deep-South embraces the green
revolution.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Caution Regarding
Forward-Looking Information
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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.
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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. For additional risk factors,
please see the Company's most recently filed Management Discussions
& Analysis available on SEDAR at
www.sedar.com.
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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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SOURCE Deep-South Resources Inc.