Download as PDF VANCOUVER, BRITISH COLUMBIA — 28 May 2020 – Southstone Minerals Limited (“Southstone” or the “Company”) (TSX.V – SML) announces that it has agreed to settle outstanding indebtedness in the sum of $705,456.75 by the issuance of 7,524,872 common shares in the capital stock of the Company at a price of $0.09375 per share, which transaction is subject to the approval of the TSX Venture Exchange. CC Mining Limited (“CCML”) has agreed to settle indebtedness in the sum of C$498,363 by the issuance of 5,315,872 common shares, resulting in CCML holding 19.90% of the outstanding shares of the
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Download as PDF VANCOUVER, BRITISH COLUMBIA — 15 May 2020 – Southstone Minerals Limited (“Southstone” or the “Company”) (TSX.V – SML) is pleased to announce that at the annual and special shareholders meeting held on 15 May 2020, the Company received disinterested and minority shareholder approval of the Company’s disposition of the Company’s 49% interest in the issued and outstanding Ordinary Shares and 74% interest in the issued and outstanding Preference Shares of each of Kwena Mining Projects (Pty) Ltd., Kwena Mining and Metallurgical Services (Pty) Ltd. and Kwena Springlake Projects (Pty) Ltd., as more particularly described in the Company’s
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Download as PDF VANCOUVER, BRITISH COLUMBIA — 27 March 2020 – Southstone Minerals Limited (“Southstone” or the “Company”) (TSX.V – SML) announces the closure of the Oena mine in the Northern Cape, South Africa in compliance with the South African government’s instructions for a 21 day lockdown period starting from March 26th until April 16th, 2020. Kwena Group will continue to operate only a day shift as the three coal washing facilities are partially exempt from the lockdown. ON BEHALF OF THE BOARD OF DIRECTORS OF SOUTHSTONE MINERALS LIMITED Mr. Samer Khalaf Chief Executive Officer info@southstoneminerals.com  Neither TSX Venture Exchange nor
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Download as PDF VANCOUVER, BRITISH COLUMBIA — 23 March 2020 – Southstone Minerals Limited (“Southstone” or the “Company”) (TSX.V – SML) announces that it is proposing to sell its 49% interest in the issued and outstanding Ordinary Shares and 74% interest in the issued and outstanding Preference Shares of each of Kwena Mining Projects (Pty) Ltd., Kwena Mining and Metallurgical Services (Pty) Ltd. and Kwena Springlake Projects (Pty) Ltd. (collectively the “Kwena Group“). The Company has entered into a disposition agreement dated 20 March 2020 (the “Disposition Agreement”) with Kevin C. Gallagher (“Gallagher”), whereby Gallagher or his nominee(s) will acquire
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Download as PDF VANCOUVER, BRITISH COLUMBIA — 07 February 2020 – Southstone Minerals Limited (“Southstone” or the “Company”) (TSX.V – SML) is pleased to announce a record quarter, having made a profit for the Q1 2020 period (1 September 2019 to 30 November 2019) of C$364,838, compared to a loss incurred in the comparative period in Q1 2019 of C$88,636. These results are directly related to the increase in diamond sales from Oena Diamond Mine, South Africa (“Oena”). Southstone continues to focus and prioritize its efforts on improving and increasing production at Oena resulting in operational improvements and the production
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Download as PDF VANCOUVER, BRITISH COLUMBIA — 27 December 2019 — Southstone Minerals Limited (“Southstone” or the “Company”) (TSX.V – SML) is pleased to announce the below Q1 Operational update. Operational Update Q1 2020 Management is pleased to provide a production and operational update for the period of 1 September 2019 to 30 November 2019 (Q1 2020) on its project portfolio located in South Africa and Liberia. DIAMOND PRODUCTION Oena Diamond Mine, Republic of South Africa Southstone continues to focus and prioritize its efforts on improving and increasing production at the Oena Diamond Mine. There are currently two mining contractors
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Download as PDF VANCOUVER, BRITISH COLUMBIA — 23 December 2019 — Southstone Minerals Limited (“Southstone” or the “Company”) (TSX.V – SML) is pleased to announce results of the audited financial statements for the Financial Year ending 31 August 2019. Southstone`s strategic focus on its diamond operations, in particular the Company’s flagship asset, the Oena Diamond Mine, South Africa, resulted in a diamond production increase of 76% to 1,694.50 carats during the 2019 Financial Year (2018: 961.90 carats), which sold for an average of US$1,664 (2018: US$1,462). The Oena Diamond Mine continues to improve operationally, produce very high‐ quality diamonds and
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Download as PDF VANCOUVER, BRITISH COLUMBIA — 31 October 2019 – Southstone Minerals Limited (“Southstone” or the “Company”) (TSX.V – SML) is pleased to provide an operational and production update for the Oena Diamond Mine (“Oena”). During the production period, 8 August to 16 October 2019, a total of 742 carats were produced, placed on tender and sold with an average price of US1,495 per carat (USD $1,110,164 in sales). Southstone maintains its strategic focus on its diamond operations, in particular the Company’s flagship asset the Oena Diamond Mine, located in the Northern Cape, South Africa, which produces very high-quality
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Download as PDF VANCOUVER, BRITISH COLUMBIA — 29 October 2019 – Tango Mining Limited (“Tango” or the “Company”) (TSX.V – TGV) announces that the TSX Venture Exchange (the “Exchange”) has approved the Company’s change of name from Tango Mining Limited to Southstone Minerals Limited and a consolidation of its share capital on the basis of one post-consolidated share for each ten pre-consolidated shares. The Company’s common shares will commence trading on the Exchange under the new name and on a post-consolidated basis at market open on Tuesday, 29 October 2019 under the trading symbol “SML”.  The new CUSIP number is
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Download as PDF VANCOUVER, BRITISH COLUMBIA — 21 October 2019 – Tango Mining Limited (“Tango” or the “Company”) (TSX.V – TGV) announces that further to its News Release dated July 30, 2019, wherein it announced a proposed change of name to “Southstone Minerals Limited”, subject to the approval of the TSX Venture Exchange, it is proposing to concurrently consolidate its common shares on the basis of one post-consolidation common share for every ten pre-consolidation common shares (the “Share Consolidation”). Currently, a total of 232,602,139 common shares are issued and outstanding, which will be consolidated into 23,260,213 common shares, assuming no
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