Southern Empire Announces $4 Million Private Placement Financing
SOUTHERN EMPIRE RESOURCES CORP.
TSX-V: SMP
Frankfurt: 5RE
NEWS RELEASE
May 25, 2020
Southern Empire Announces $4 Million Private Placement Financing
Southern Empire Resources Corp. (“Southern Empire”; TSX-V: SMP; Frankfurt: 5RE) is pleased to announce
a non-brokered private placement financing of up to 8,000,000 common shares of Southern Empire (each
a “Share”) at a price of $0.50 per Share for gross proceeds of up to $4,000,000 (the “Offering”).
The net proceeds from the Offering will be used to continue exploration programs on the Oro Cruz and
Eastgate gold projects, potential acquisition of new exploration and development projects and to provide
working capital for general corporate purposes. Southern Empire may pay qualified finders a fee in cash or
shares pursuant to the Offering, which is subject to the approval of the TSX Venture Exchange.
The securities being offered have not, nor will they be registered under the United States Securities Act of
1933, as amended, and may not be offered or sold within the United States or to, or for the account or
benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S.
registration requirements. This release does not constitute an offer for sale of securities in the United
States.
About Southern Empire Resources Corp.
Southern Empire is focused on the acquisition, exploration and development of gold deposits in the
American southwest. Southern Empire holds an option to acquire a 75% interest in the Oro Cruz Property
in the Cargo Muchacho Mountains of Imperial County, so utheast California, approximately 22.5 km (14
miles) southeast of the Mesquite gold mine of Equinox Gold Corp. The Oro Cruz Gold Project currently
comprises a total of 271 unpatented lode mining claims (~2,160 hectares; 5,338 acres), 13 unpatented
placer mining claims (~105 hectares; 260 acres) and two State of California mineral prospecting permits
(~518 hectares; 1,280 acres). Extensive historical drilling of the Oro Cruz Property has outlined exploration
targets over an existing high-grade gold zone as well as nearby satellite deposits. Based on historical mining,
Oro Cruz oxide gold mineralization is amenable to conventional heap leach extractive methods.
Southern Empire also owns an 85% interest in the Eastgate Gold Project, which comprises 101 unpaten ted
claims covering roughly 817 hectares (2,020 acres) located 81 kilometres (50 miles) southeast of the city of
Fallon in Churchill County, Nevada. Southern Empire's goal is to define a high -grade gold/silver deposit at
Eastgate hosted by multiple, steeply dipping, subparallel low-sulphidation, quartz-adularia epithermal vein
systems occurring throughout the property.
The scientific and technical information contained in this news release has been prepared, reviewed and
approved by David Tupper, P.Geo. (Br itish Columbia), Southern Empire’s VP Exploration and a Qualified
Person within the context of Canadian Securities Administrators National Instrument 43 -101; Standards of
Disclosure for Mineral Projects.
On behalf of the Board of Directors,
Dale Wallster, CEO and Director
Southern Empire Resources Corp.
For further information please visit www.smp.gold or contact: Lubica Keighery at (778) 889-5476;
Cautionary Notice on Forward-Looking Information
Information set forth in this news release may contain forward -looking statements that are based on
assumptions as of the date of this news release. All statements, other than statements of historical fact,
that address activities, events or developments that Southern Empire expects or anticipates will or may
occur in the future are forward -looking statements that reflect management’ s current estimates, beliefs,
intentions and expectations. They are not guarantees of future performance. Southern Empire cautions that
all forward-looking statements are inherently uncertain and that actual performance may be affected by a
number of mater ial factors, many of which are beyond Southern Empire’s control. Such factors include,
among other things: risks and uncertainties relating to Southern Empire’s limited operating history and the
need to comply with environmental and governmental regulatio ns. Accordingly, actual and future events,
conditions and results may differ materially from the estimates, beliefs, intentions and expectations
expressed or implied in the forward -looking information. Except as required under applicable securities
legislation, Southern Empire undertakes no obligation to publicly update or revise forward -looking
statements or information.
Neither TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.