VANCOUVER, BC, Aug. 5, 2021 /CNW/ - Deep-South Resources
Inc. ("Deep-South" or the "Company")
(TSXV: DSM) announces the appointment of Mrs. Ally Angula as an independent Director in
replacement of Mr. Sadike Nepela deceased in June 2021.
Mrs. Angula is a Namibian citizen and is a Chartered
Accountant with extensive background in accounting and
business management in Namibia. She is
the principal founder of The CFO Namibia a Chartered
Accountancy and Financial Advisory firm. She is also the Co-founder
and Managing Director of Leap Holdings (Pty) Ltd. She was
previously Deputy Executive Director of the Ministry of Finance in
Namibia and she was also engaged
by the Ministry of Finance to reform Financial Reporting for the
Government of Namibia. Prior to
this she was Partner at KPMG in Namibia for seven years and she was also
External Audit Partner with clients spanning over a wide spectrum
of Industries. She currently serves on the Boards of Oryx
Properties Limited (Vice Chairperson), Pupkewitz Holdings (Pty) Ltd
and Nabo Holdings. She also chairs the Audit and Risk Committees of
the following Boards: Bank of Namibia (Namibia's Reserve Bank), Rossing Uranium
Limited and Oryx Properties (PTY) Ltd. She has received awards and
she is fellowship of the World Economic Forum Young Global Leader,
Dangote Fellow and Archbishop Desmond Tutu Fellow. She holds a
Bacc. From University of Namibia
and a Bcom from University of Natal from South Africa.
Mr. John Akwenye, Chairman of Deep-South stated that: "We
are very proud to have Mrs. Angula joining our Board of Directors.
Her appointment is a very strong move into the development of the
company. Mrs. Angula brings a wealth of knowledge and experience in
the Namibian business as well as a serious guidance during the
current situation of the Company. Her vast experience and
qualifiquations add considerable strength to Deep-South."
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
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. For additional risk factors, please see the
Company's most recently filed Management Discussions & Analysis
for its quarter ended ended February 28,
2021 available on SEDAR at www.sedar.com.
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.