Southstone Minerals Gains ISS Support for C$0.0375 Per Share Cash Arrangement and TSXV Delisting

Southstone Minerals shareholders will vote on a C$0.0375 per share cash arrangement and a TSXV delisting resolution at a meeting set for November 12, 2026, after Institutional Shareholder Services recommended both measures. TradingView reported the ISS recommendation.

Southstone's Cash Arrangement and Delisting Vote

Southstone Minerals is a junior mining company operating the Oena alluvial diamond mine in South Africa through the Oena Mining License, listed on the TSX Venture Exchange under SML and headquartered in Vancouver, Canada. Institutional Shareholder Services is the proxy adviser that issued the recommendation.

ISS recommended shareholders vote FOR the proposed arrangement, offering C$0.0375 per share in cash, and FOR the TSXV delisting resolution ahead of the Nov. 12, 2026 meeting. The proxy voting deadline is 10:00 a.m. Vancouver time on November 10, 2026. Shareholders with questions or needing voting assistance were directed to contact Laurel Hill Advisory Group by email at [email protected], or by texting "INFO" to, or calling, 1-877-452-7184 (North American toll-free) or 1-416-304-0211 (outside North America).

The SEC filed a subpoena enforcement action against Institutional Shareholder Services on September 4, 2026, after ISS partially refused to hand over proxy voting documents, Crypto Briefing reported. ISS cited First Amendment concerns, while the SEC seeks core operational records.

Southstone's Earlier Private Placement

According to akta.pro company records, Southstone announced a non-brokered private placement in November 2023 of up to 10 million units at C$0.05 per unit to raise up to C$500,000, earmarked for exploration on the Visirivier and Kabies Sections of the Oena Mining License and general working capital. The same records list one funding round, a 2023-11 post-IPO equity raise of $365,003, and total funding of $400,000.

ISS Recommendations Across Other Deals

ISS recommended unitholders vote against a $3.4-billion takeover of H&R Real Estate Investment Trust led by GO Residential, with a vote set for Nov. 13, The Globe and Mail reported. The offer includes $4.28 cash and 0.5688 GO units per H&R unit, and GO unit prices have dropped sharply since the deal was announced.

Banco Bpm will not attend Mps' October 29 assembly in Siena, citing legal conflicts, Startup Business reported. Its absence reduces the voting denominator, increasing the weight of opposing votes.

Southstone's November 12 Meeting

Southstone shareholders meet on November 12, 2026, to vote on the arrangement and the delisting resolution. The proxy voting deadline falls at 10:00 a.m.