Monthly Archives March 2024

SOUTHSTONE ANNOUNCES EXTENSTION OF LONG-STOP DATE FOR PADSTONE TRANSACTION

Download as PDF VICTORIA, BRITISH COLUMBIA — 28 March 2024 — Southstone Minerals Limited (“Southstone” or the “Company”) (TSX.V – SML) announces that the Company and Padstone Pte. Ltd. (“Padstone“) have mutually agreed on an extension of the completion “Long-stop Date” for the previously announced share purchase agreement (the “Agreement”) of the remaining 90% interest of the issued and outstanding shares of Padstone (see news release dated 10 January 2024). The process of obtaining the two alluvial and kimberlite diamond exploration permits in the Republic of Guinea, collectively referred to the “Soromaya Project” or the “Permits” is ongoing and as
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Categories: News.

SOUTHSTONE ANNOUNCES EXTENSION FOR CLOSING OF PRIVATE PLACEMENT

Download as PDF VICTORIA, BRITISH COLUMBIA — 13 March 2024 — Southstone Minerals Limited (“Southstone” or the “Company”) (TSX.V – SML) announces that further to its news releases dated November 6, 2023 and January 10, 2024, it has extended the closing of the non-brokered private placement of up to 10M units at a price of C$0.05 per unit for gross proceeds up to C$500,000 (the “Private Placement“). Each unit of the Private Placement shall consist of one common share in the capital of the Company and one-half of a share purchase warrant, with each whole warrant entitling the holder to
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Categories: News.

OENA DIAMOND MINE UPDATE Q2 2024

Download as PDF VICTORIA, BRITISH COLUMBIA — 11 MARCH 2024 — Southstone Minerals Limited (“Southstone” or the “Company”) (TSX.V – SML) is pleased to provide an update of diamond sales, mining and diamond production at the Company’s majority owned Oena Diamond Mine (“Oena”), Republic of South Africa for the period 1 December 2023 to 29 February 2024 (“Q2 2024”). During Q2 2024 mining was initially focused on Sandberg Section (Map 1) where a double sixteen-foot pan is in operation and continues to operate. A double eighteen-foot pan plant was mobilized in January 2024 to Oena Section, was recently commissioned and
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Categories: News.