Southstone Extends Padstone Deal and Funding

Southstone Minerals (TSE:SML) has released an update.

Southstone Minerals Limited has mutually agreed with Padstone Pte. Ltd. to extend the long-stop date by two months for completing the purchase of a 90% interest in Padstone, involving the acquisition of exploration permits in the Republic of Guinea. Additionally, the company has extended its non-brokered private placement aiming to raise up to C$500,000 for exploration and general capital, which includes an offering of units with attached half-warrants, subject to an acceleration clause.

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