Southstone Minerals Limited (TSXV:SML) entered into an acquisition agreement to acquire Prospecting Right for 1607.7 ha of Farm Panfontein 58 HO in South Africa for ZAR 2.5 million on August 17, 2020. Under the terms of the acquisition, an initial payment of ZAR 0.83 million will be paid to an escrow account for a period of up to six months, and a payment of ZAR 0.83 million upon confirmation of the renewal of the Prospecting Right and the last ZAR 0.83 million upon approval of the transfer of Tinique. The transaction is subject to a number of terms and conditions including, but not limited to, the successful negotiation of the Deposit escrow terms and conditions, the successful negotiation and agreement for water supply and value of compensation for surface disturbance of land with local landowners. Southstone Minerals Limited (TSXV:SML) cancelled the acquisition of Prospecting Right for 1607.7 ha of Farm Panfontein 58 HO in South Africa during the quarter ended on August 31, 2020. Agreement was terminated due to certain suspensive conditions not being met for closing.