DSM Deep South Resources Inc

Dacha Strategic Metals Inc. ("Dacha" or the "Company") (TSX
VENTURE:DSM)(OTCQX:DCHAF) announces that as described in its note 5 to the
financial statements for the quarter ended December 31, 2011, the Company had
entered into an agreement to loan Forbes & Manhattan Asset Management
Corporation ("FAMCo") up to C$3,500,000 during the fiscal year ended March 31,
2010. FAMCo is an asset management company with a business plan to identify and
acquire other Canadian asset managers which FAMCo assesses as undervalued. In
February 2012, Dacha agreed to subordinate C$550,000 of the debenture to Forbes
& Manhattan, Inc. ("F&M") in consideration for F&M providing a C$550,000 secured
loan for regulatory capital funding to FAMCo. This transaction involves
non-arm's length parties as Stan Bharti is a director of Dacha and FAMCo, and
the sole director, executive officer, and the Executive Chairman of F&M. Mr.
Bharti's wife is the sole shareholder of F&M, and in turn, F&M owns one-third of
the issued and outstanding shares of FAMCo.


About Dacha 

Dacha Strategic Metals Inc. is an investment company focused on the acquisition,
storage and trading of strategic metals with a primary focus on Rare Earth
Elements. Dacha is in the unique position of holding a commercial stockpile of
Physical Rare Earth Elements. Its shares are listed on the TSX Venture Exchange
under the symbol "DSM" and on the OTCQX exchange under the symbol "DCHAF". 


Except for statements of historical fact relating to the Company, certain
information contained herein constitutes "forward-looking information" under
Canadian securities legislation. Forward-looking information includes, but is
not limited to, statements with respect to the Company's ability to trade in
rare earth elements, the realization value of Dacha's physical inventory
portfolio, proposed investment strategy of the Company, and general investment
and market trends. Generally, forward-looking information can be identified by
the use of forward-looking terminology such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes", or variations
of such words and phrases or statements that certain actions, events or results
"may", "could", "would", "might" or "will be taken", "occur" or "be achieved".
Forward-looking statements are based on the opinions and estimates of management
as of the date such statements are made. Forward-looking information is subject
to known and unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of Dacha to be
materially different from those expressed or implied by such forward-looking
information. Although management of Dacha has attempted to identify important
factors that could cause actual results to differ materially from those
contained in forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can be no
assurance that such statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking
information. Dacha does not undertake to update any forward-looking information,
except in accordance with applicable securities laws. 


The market value of the Company's physical inventory is estimated using price
quotes published by two of the largest independent news sources for the metals
industry, namely, Asian Metal (www.asianmetal.com) and Metal-Pages
(www.metal-pages.com). In cases where these websites do not provide a price
quote on the type or quality of metal held in the Company's physical inventory,
the Company relies on a price quote provided by independent third-party industry
participants.

Deep South Resources (TSXV:DSM)
Historical Stock Chart
From Jun 2024 to Jul 2024

Deep South Resources (TSXV:DSM)
Historical Stock Chart
From Jul 2023 to Jul 2024