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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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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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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Download as PDF VICTORIA, BRITISH COLUMBIA — 10 JANUARY 2024 — Southstone Minerals Limited (“Southstone” or  the “Company”) (TSX.V – SML) announces that it has entered a share purchase agreement (the “Agreement”) with five arm’s length parties, collectively the “Sellers”, setting out the terms of an acquisition (the “Acquisition”) of the remaining 90% interest of the issued and outstanding shares of Padstone Pte. Ltd. (“Padstone“) a private Singaporean company. Southstone is currently a passive shareholder of Padstone, holding a minority 10% interest. Padstone, via a wholly owned subsidiary, has applied for two alluvial and kimberlite diamond exploration permits in the
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Download as PDF VICTORIA, BRITISH COLUMBIA — 11 DECEMBER 2023 — Southstone Minerals Limited (“Southstone” or the “Company”) (TSX.V – SML) is pleased to provide an update of mining and diamond production at the Company’s majority owned Oena Diamond Mine (“Oena”), South Africa for the period 1 September 2023 to 30 November 2023 (Q1 2024). Mining is progressing on schedule with a significant increase in production capacity scheduled for 2024 following the December holiday break. During the quarter mining and production was focused on the Sandberg Section (see Map 1). A total of 126.20 carats (60 diamonds) were recovered including
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Download as PDF VICTORIA, BRITISH COLUMBIA — 8 NOVEMBER 2023 — Southstone Minerals Limited (“Southstone” or the “Company”) (TSX.V – SML) is pleased to announce that diamond production commenced on schedule at the majority owned Oena Diamond Mine (“Oena”), South Africa on the 7 November 2023. The recovery unit, a Bourevestnik X-Ray Unit (“BVX”), has been commissioned and now certified for operation on site. Oena will operate 24 hours a day 6 days a week with a production target of 3000 to 3500 tonnes per day of run of mine (“ROM”) which will then be screened and feed to two
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Download as PDF VICTORIA, BRITISH COLUMBIA — 6 NOVEMBER 2023 — Southstone Minerals Limited (TSXV:SML) (“Southstone” or the “Company”) (TSX.V – SML) announces that it has initiated a 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 purchase one additional common share at a price of C$0.10 per share at any time
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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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Download as PDF VICTORIA, BRITISH COLUMBIA — 31 AUGUST 2023 — Southstone Minerals Limited (“Southstone” or the “Company”) (TSX.V – SML) is pleased to announce that African Star Minerals (Pty) Ltd. (“ASM”), the Company’s 43% owned subsidiary, has entered into three Contract Mining and Diamond Recovery Agreements (the “Agreements”) with Zandfontein Delwery (Pty) Ltd (“Zandfontein”), Blourug Diamante (Pty) Ltd  (“Blourug”) and Triangle Mining CC (“Triangle”), collectively the “Contractors” at Oena Diamond Mine (“Oena”), South Africa. Each of the three Contractors will initially focus on mining a separate portion of the Oena Mining License, including the Sandberg, Oena and Blokwerf Sections,
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