Download as PDF VICTORIA, BRITISH COLUMBIA — 20 OCTOBER 2023 — Southstone Minerals Limited (“Southstone” or the “Company”) (TSX.V – SML) announces that pursuant to the news release dated the 18 October 2023, the Company has now closed the non‐brokered private placement by the issuance of 1,360,000 shares at a price of $0.05 per share, for total proceeds of C$68,000. The shares are subject to a four month hold period expiring on 21 February 2024. There are no finders’ fees payable for this private placement. The proceeds of the private placement shall be used solely for working capital. The private
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Download as PDF VICTORIA, BRITISH COLUMBIA — 18 OCTOBER 2023 — Southstone Minerals Limited (“Southstone” or the “Company”) (TSX.V – SML) announces a non‐brokered private placement by the issuance of 1,360,000 at a price of $0.05 per share, for gross proceeds of C$68,000. The private placement is anticipated to be subscribed to by an Insider of the Company and would therefore constitute a “related party transaction” under MI 61-101. The Company is exempt from the MI 61-101 valuation and minority approval requirements for related party transactions in connection with the Private Placement under sections 5.5(a) and 5.7(1)(a) of MI 61-101
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